Gold climbed up to $1625.51 in Asia before it fell back to $1596.75 by about 9:30AM EST, but it then rallied back higher for most of the rest of trade and ended with a gain of 0.65%.Silver rose to $29.638 in Asia before it fell back to $28.724 in early New York trade, but it also rallied back higher into the close and ended with a gain of 0.45%.
Euro gold rose to about €1270, platinum lost $2.80 to $1412.20, and copper fell slightly to about $3.42.
Gold and silver equities fell almost 2% at the open, but they then rallied back higher for most of the rest of trade and ended near unchanged.
Tomorrow at 8:30AM EST brings December’s jobs data.Nonfarm Payrolls are expected at 150,000, the Unemployment Rate is expected at 8.7%, Hourly Earnings are expected at 0.2%, and the Average Workweek is expected at 34.3.
Oil fell after inventories surprisingly rose.The Energy Information Administration reported that crude inventories rose 2.2 million barrels, gasoline inventories rose 2.5 million barrels, and distillates rose 3.2 million barrels.
The U.S. dollar index rose as the euro fell “on concerns about euro zone sovereign funding and signs of weakness in the region's banks.”
Treasuries waffled near unchanged along with the Dow, Nasdaq, and S&P as traders awaited tomorrow’s jobs data.
Among the big names making news in the market today were Kodak, J.C. Penney, and Boeing.
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
1254.570
40,335,691
US$64,468m
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
115.35
3,708,632
US$6,004m
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
126.23
4,058,350
US$6,571m
Australian Stock Exchange (ASX)
Gold Bullion Securities
14.21
473,013
US$741m
Johannesburg Securities Exchange (JSE)
New Gold Debentures
40.99
1,317,897
US$2,126m
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 171.00: -0.03 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,546.99: -58.80 change from yesterday’s data.
Eldorado’s (EGO) plant startup, Newmont’s (NEM) community investment programs, Golden Star’s (GSS) preliminary fourth quarter production results, Seabridge’s (SA) Vice President of Corporate Affairs appointment, SilverCrest’s (SVL.V) initial resource estimation, and Silver Standard’s (SSRI) Chief Financial Officer appointment were among big stories in the gold and silver mining industry making headlines today.
WINNERS
1.Loncor
LON +4.73% $1.55
2.Gold Resource
GORO+4.08% $24.48
3.Exeter
XRA +3.77% $3.03
LOSERS
1.Solitario
XPL -8.00% $1.38
2.Timmins
TGD -4.39% $1.96
3.Golden Star
GSS -2.78% $1.75
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
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.
Chris Mullen has been the Chief Content Manager of GoldSeek.com, SilverSeek.com, UraniumSeek.com, GoldReview.com, CapitalUpdates.com, and Gold-Seeker.com since 2004. Sign up for free email lists from these sites at http://email.goldseek.com/
0.05%
-0.05%
-0.08%
0.19%
Gold Seeker Closing Report: Gold and Silver Gain Almost 1%
Close
Gain/Loss
Gold
$1622.10
+$10.40
Silver
$29.28
+$0.13
XAU
189.02
-0.17%
HUI
522.64
+0.23%
GDM
1494.54
+0.25%
JSE Gold
2903.53
-68.55
USD
80.91
+0.83
Euro
127.86
-0.59
Yen
129.54
-0.71
Oil
$101.81
-$1.41
10-Year
1.993%
-0.002
T-Bond
142.28125
-0.125
Dow
12415.70
-0.02%
Nasdaq
2669.86
+0.81%
S&P
1281.06
+0.29%
The Metals:
Gold climbed up to $1625.51 in Asia before it fell back to $1596.75 by about 9:30AM EST, but it then rallied back higher for most of the rest of trade and ended with a gain of 0.65%.Silver rose to $29.638 in Asia before it fell back to $28.724 in early New York trade, but it also rallied back higher into the close and ended with a gain of 0.45%.
Euro gold rose to about €1270, platinum lost $2.80 to $1412.20, and copper fell slightly to about $3.42.
Gold and silver equities fell almost 2% at the open, but they then rallied back higher for most of the rest of trade and ended near unchanged.
HSBC lowers 2012 gold forecast 9% to $1,850/oz MarketWatch
The Economy:
Report
For
Reading
Expected
Previous
ADP Employment
Dec
325K
180K
204K
Initial Claims
12/31
372K
375K
387K
ISM Services
Dec
52.6
53.0
52.0
Rate on 30-year mortgage down to record 3.91 pct. Yahoo
December sales rise, but discounts hurt profits Reuters
U.S. Apartment Vacancies Decline to a Decade Low of 5.2%, Rents Increase Bloomberg
Tomorrow at 8:30AM EST brings December’s jobs data.Nonfarm Payrolls are expected at 150,000, the Unemployment Rate is expected at 8.7%, Hourly Earnings are expected at 0.2%, and the Average Workweek is expected at 34.3.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell after inventories surprisingly rose.The Energy Information Administration reported that crude inventories rose 2.2 million barrels, gasoline inventories rose 2.5 million barrels, and distillates rose 3.2 million barrels.
The U.S. dollar index rose as the euro fell “on concerns about euro zone sovereign funding and signs of weakness in the region's banks.”
Treasuries waffled near unchanged along with the Dow, Nasdaq, and S&P as traders awaited tomorrow’s jobs data.
Among the big names making news in the market today were Kodak, J.C. Penney, and Boeing.
GATA Posts:
Gartman admits a bad call on gold, but that's not GATA's grievance
GoldSeek Radio interviews GATA Chairman Bill Murphy
Gold Newsletter's Lundin credits GATA in Resource Clips interview
Swiss central banker dumped francs on eve of devaluation
The Statistics:
Activity from: 1/04/2012
Gold Warehouse Stocks:
11,493,745
+31,471
Silver Warehouse Stocks:
121,125,515
+2,019,191
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
1254.570
40,335,691
US$64,468m
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
115.35
3,708,632
US$6,004m
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
126.23
4,058,350
US$6,571m
Australian Stock Exchange (ASX)
Gold Bullion Securities
14.21
473,013
US$741m
Johannesburg Securities Exchange (JSE)
New Gold Debentures
40.99
1,317,897
US$2,126m
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 171.00: -0.03 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,546.99: -58.80 change from yesterday’s data.
The Miners:
Eldorado’s (EGO) plant startup, Newmont’s (NEM) community investment programs, Golden Star’s (GSS) preliminary fourth quarter production results, Seabridge’s (SA) Vice President of Corporate Affairs appointment, SilverCrest’s (SVL.V) initial resource estimation, and Silver Standard’s (SSRI) Chief Financial Officer appointment were among big stories in the gold and silver mining industry making headlines today.
WINNERS
1.Loncor
LON +4.73% $1.55
2.Gold Resource
GORO+4.08% $24.48
3.Exeter
XRA +3.77% $3.03
LOSERS
1.Solitario
XPL -8.00% $1.38
2.Timmins
TGD -4.39% $1.96
3.Golden Star
GSS -2.78% $1.75
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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Additional Resources for today’s Gold Seeker Report can be found:
©Gold Seeker 2012
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.
About Chris Mullen