-- Posted 19 December, 2005 | | Source: SilverSeek.com

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

There were no major economic reports today, but a report showing that home builder sentiment fell did have some talking.  Tomorrow at 8:30AM EST brings Building Permits for November expected at 2,092,000, PPI for November expected at -0.5%, Core PPI expected at 0.2%, and Housing Starts for November expected at 2,020,000.

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Gold traded higher in Asia and London near $510 before it fell off in the last hour of trade in New York and ended near unchanged.  Silver started off lower in Asia, but it then rose in London and traded at over $8.60 in New York before it also fell off into the close and ended near its lows of the session, but still with a decent gain.

Gold and silver equities started off about 2% higher before falling off for the rest of trade and ended near their lows with minor losses.

More Precious Metals Analysis:

“The gold market managed a very impressive start to the week but once again seemed to be unable to fully impress the trade into the close. However, both the European and Asian trade noted increased physical demand and the South African equity market was supposedly pushed to new highs because of strength in gold stocks. Therefore at least part of last week's overt bearishness is being replaced with bullish confidence. On the other hand, a report during the session of a Bank of Portugal gold sale (10 metric tons) was a little unsettling but not a major event. In short, both gold and silver need to hold above the recent consolidation lows to continue shoring up sentiment.” - The Hightower Report, Futures Analysis and Forecasting

The U.S. dollar index traded mostly slightly higher in thin trade as traders debated the future of interest rates around the world.

Oil started off the day higher, but soon moved lower on the day and held mostly lower throughout trade on forecasts for warmer weather in the Northeast U.S.

Treasuries found slight gains in quiet trade. “The divergence between the long and short ends of the bond market helped narrow the two-year and 10-year spread, and to invert the spread between two- and three-year debt and that between two- and five-year notes.”

The Dow, Nasdaq, and S&P started the day off near unchanged before falling off in afternoon trade following the release of a report that showed “U.S. home builder sentiment fell in December to its lowest since April 2003.”

Among the big names making news in the market today were Sirius, Ford, Delphi, Sprint Nextel, Cablevision, Pfizer, FPL and Constellation, Circuit City, Pepsi Bottling, and Citigroup, Morgan Stanley, and Goldman Sachs.

Gold & Silver Stock News Update from GoldReview.com:

Rubicon’s new board appointment, Placer Dome’s high-grade zones at their Campbell Mine, RNC’s and Yamana’s completed acquisition, Scion Capital’s urging of Bolivar Gold investors to reject an acquisition by Gold Fields, Western Silver’s plans to move the Penasquito project forward, KGHM’s suspended management members, Great Panther’s possession of the Guanajuato Mine, IMA Exploration’s Navidad project update, and Minefinder’s mandate of BNP Paribas in their Dolores financing were among the big stories in the gold and silver mining industry making headlines today.

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- Written by Chris Mullen

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

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