-- Posted 25 November, 2005 | | Source: SilverSeek.com

Market Analysis from GoldSeek.com, SilverSeek.com & CapitalUpdates.com:

There were no major economic reports Friday.  This week’s prior economic reports:

Next week’s economic highlights include Existing Home Sales on Monday, Durable Goods Orders, Consumer Confidence, and New Home Sales on Tuesday, GDP and Chicago PMI on Wednesday, Personal Income and Spending and the ISM Index on Thursday, and November jobs data on Friday.

Note: COT reports are delayed until Monday in observance of the Thanksgiving Day holiday.

Gold and silver traded mostly slightly higher around the world on Wednesday night and Thursday and ended near their highs at the close of London trade on Friday with almost 1% gains.  Gold made new 17 and ¾ year highs and silver made new 19 month highs and sits just a penny from making new 18 year closing highs.

Gold and silver equities jumped about 2% at the open and remained near their highs into the close on Friday.  The XAU, HUI, and GDM all sit less than 1% from what would be new 8 and ½ year closing highs for the XAU and all-time highs for the HUI and GDM.  The Gold Bugs Index (HUI) was introduced in May of 1996 and the Gold Miners Index (GDM) was just introduced in late 2004.

The U.S. dollar rose to new 27 month highs versus the yen on interest rate expectations and on comments from Japanese Finance Minister Sadakazu Tanigaki that “deflation ‘persists’ and the central bank must cooperate with the government to end seven years of falling prices.”

The oil market was closed Thursday and Friday and will reopen in electronic trade Sunday night.  Oil prices were slightly lower in London trade, however, as supplies were “deemed adequate to meet demand during the northern hemisphere winter.”

Treasuries found nice gains in a shortened session Friday as worries over interest rate increases ease.

The Dow, Nasdaq, and S&P traded mostly slightly higher Friday as traders kept their eyes on holiday retail sales. The Dow closed just 9 points away from joining the Nasdaq and S&P at 4 and ½ year closing highs.

Among the big names making news in the market Thursday and Friday were Taser, ConocoPhillips, Nissan, Black Hills and NorthWestern, Swisscom and TDC, Nintendo, Refco and Marathon, and RTL Group and Time Warner.

Gold & Silver Stock News Update from GoldReview.com:

A new stock report by Peter Zihlmann on Western Silver, Cambior’s Rosebel mill incident update, Northgate’s new mineralized system at Kemess North, Rio Narcea’s awarded mandate for financing of the Tasiat gold mine, and plenty of news from the Junior Mining & Exploration Stocks were among the big stories in the gold and silver mining industry making headlines Thursday and Friday.

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- Written by Chris Mullen

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

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