January 4: Gold and Silver End Near Unchanged on the Week
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 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
Initial Claims - 12/29
ISM Index - December
Construction Spending - November
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.
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.
Activity from: 1/03/2013
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Johannesburg Securities Exchange (JSE)
New Gold Debentures
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.
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.
1. Northern Dynasty
NAK +6.95% $3.54
2. Great Panther
GPL +5.70% $1.67
BAA +3.75% $2.77
1. Gold Reserve
GRZ -6.10% $3.08
2. Allied Nevada
ANV -3.15% $27.65
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
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
Additional Resources for today’s Gold Seeker Report can be found:
© 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.