• Gold: 1,222.25 -0.70
  • Silver: 17.77 -0.03
  • Euro: 1.285 -0.000
  • USDX: 84.666 -0.012
  • Oil: 91.64 -0.09

January 4: Gold and Silver End Near Unchanged on the Week

Chris Mullen
|
Friday, January 4th
 

Close

Gain/Loss

On Week

Gold

$1656.30

-$8.20

-0.05%

Silver

$30.19

+$0.06

+0.53%

XAU

162.53

+0.23%

+1.19%

HUI

432.65

+0.14%

+0.39%

GDM

1258.65

+0.15%

+0.72%

JSE Gold

2247.57

-76.76

-1.39%

USD

80.45

+0.02

+0.97%

Euro

130.81

+0.33

-1.04%

Yen

113.50

-1.07

-2.25%

Oil

$93.09

+$0.17

+2.52%

10-Year

1.915%

+0.016

+11.92%

Bond

144.50

-0.21875

-2.61%

Dow

13435.21

+0.33%

+3.84%

Nasdaq

3101.66

+0.04%

+4.77%

S&P

1466.47

+0.49%

+4.57%

 
 

The Metals:

 

Gold fell all the way to $1625.87 by a little before 7AM EST, but it then rallied back higher throughout most of trade in New York and ended with a loss of just 0.49%. Silver slipped to as low as $29.22 in London, but it then rallied to as high as $30.25 in New York and ended with a gain of 0.2%.

 

Euro gold fell to about €1267, platinum lost $6.90 to $1551.10, and copper fell a couple of cents to about $3.68.

 

Gold and silver equities traded about 1% lower for most of the day, but they then rallied back higher in the last hour of trade and ended with slight gains.

The Economy:

 

Report

For

Reading

Expected

Previous

Nonfarm Payrolls

Dec

155K

150K

161K

Unemployment Rate

Dec

7.8%

7.7%

7.8%

Hourly Earnings

Dec

0.3%

0.2%

0.3%

Average Workweek

Dec

34.5

34.5

34.4

Factory Orders

Nov

0.0%

0.5%

0.8%

ISM Services

Dec

56.1

53.5

54.7

 

The BLS net birth/death adjustment subtracted 4,000 payrolls from December’s data. Private Payrolls rose 168,000.

 

All of this week’s other economic reports:

 

ADP Employment - December

215K v. 148K

Initial Claims - 12/29

372K v. 362K

ISM Index - December

50.7 v. 49.5

Construction Spending - November

-0.3% v. 0.7%

 

Next week’s economic highlights include Consumer Credit on Tuesday, Initial Jobless Claims and Wholesale Inventories on Thursday, and Export and Import Prices, the Trade Balance, and the Treasury Budget on Friday.

 

The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil eventually turned slightly higher after the Energy Information Administration reported that crude inventories fell 11.1 million barrels, gasoline inventories rose 2.6 million barrels, and distillates rose 4.6 million barrels.

 

The U.S. dollar index pared early gains and treasuries fell after decent jobs data sent the Dow, Nasdaq, and S&P modestly higher.

 

Among the big names making news in the market Friday were JPMorgan, Cerberus, BMW, UnitedHealth, and Barnes & Noble.

 

GATA Posts:

 

 

Jim Sinclair: Campaign to discredit gold indicates worst desperation yet

GoldCore: Gold in manipulative selloff? Nice new year's gift

Ambrose Evans-Pritchard: Switzerland and Britain are now in a currency war

 

The Statistics:

Activity from: 1/03/2013

Gold Warehouse Stocks:

11,064,810.764

-61,016.50

Silver Warehouse Stocks:

150,368,258.034

+1,563,265.440

 

Global Gold ETF Holdings

[WGC Sponsored ETF’s]

 

Product name

Total Tonnes

Total Ounces

Total Value

New York Stock Exchange Arca (NYSE Arca) AND Singapore Exchange (SGX) AND Tokyo Stock Exchange (TSE) AND Hong Kong Stock Exchange (HKEx)

SPDR® Gold Shares

1340.279

43,091,300

US$70,983m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities

139.15

4,473,710

US$7,350m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold

158.86

5,107,525

US$8,329m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$589m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

42.45

1,364,715

US$2,214m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 9.638 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 218.58: +0.86 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,080.62: -4.34 change from yesterday’s data.

 

The Miners:

 

Newmont’s (NEM) rocky year and Gold Reserve’s (GRZ) delisting application were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1. Northern Dynasty

NAK +6.95% $3.54

2. Great Panther

GPL +5.70% $1.67

3. Banro

BAA +3.75% $2.77

LOSERS

1. Gold Reserve

GRZ -6.10% $3.08

2. Allied Nevada

ANV -3.15% $27.65

3. Almaden

AAU -2.89% $3.02

Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.

Please see Yahoo’s Mining/Metals News Wire for all of today’s mining news.

- Chris Mullen, Gold Seeker Report

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© Gold Seeker 2013

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.

 

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