-- Posted 4 January, 2006 | | Source: SilverSeek.com

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

Factory Orders rose larger than the expected 2.4% at 2.5% after October’s 1.7% rise.  The rise was attributed to orders for aircraft, with orders excluding transportation coming in unchanged.  Tomorrow at 8:30 AM EST brings Initial Jobless Claims for 12/31 expected at 320,000.  At 10AM are ISM Services for December expected at 59.0.

Gold traded around $3 to $5 higher in Asia and London before it fell off to trade mixed and near unchanged in early New York trade, but it then rose in later trade and ended with a decent gain to make a new 24 and ½ year high.  Silver also traded nicely higher in Asia and London before it fell to under $9 in early New York trade, but it also rallied back and ended with a slight gain to make a new 18 and ½ year closing high.

Gold and silver equities spent the morning mixed and near unchanged before rising throughout afternoon trade and ended near their highs with nearly 2% gains.  The XAU made new 9 and ½ year highs and the HUI and GDM made new all-time highs.

More Precious Metals Analysis:

“The gold market impressed the trade again with another new high for the move. With the silver, copper and platinum markets also showing strength, it is clear that the fund interest in the metals is extending. Certainly seeing a persistently lower US Dollar leaves the bull camp with an edge and certainly seeing slightly higher equity prices and a decent US factory order release gives the bull camp an additional edge. In short, the metals are overbought but seem to have additional buying capacity on the sidelines.” - The Hightower Report, Futures Analysis and Forecasting

The U.S. dollar index found further losses in addition to yesterday’s notable losses on the outlook for a halt in the raising of interest rates by the fed.  The dollar fell to 2 month lows, the euro rose to 2 month highs, and the yen rose to 2 week highs.

Oil started off lower before rising slightly in afternoon trade and ended with a slight gain ahead of inventory reports due out tomorrow.  Geopolitical instability and cold weather forecasts continue to be the driving factors behind this market.

Treasuries continued to find gains on the outlook for a halt in the raising of interest rates by the fed.

The Dow, Nasdaq, and S&P traded mostly slightly higher and ended near their highs of the day on the outlook for interest rates and on some upgrades to ExxonMobil and Google.

Among the big names making news in the market today were ABN Amro, Ford, DaimlerChrysler, BASF and Engelhard, Aetna, and Monsanto.

Gold & Silver Stock News Update from GoldReview.com:

Gold Reserve’s Brisas Project permits, Orezone’s drilling at Sega, Scion Capital’s push to block the Gold Fields takeover of Bolivar Gold, Silver Standard’s extended south ridge zone at Pitarrilla, Coeur’s discovery of two significant vein systems at their South American mines, and Western Silver’s phase 15 drill results 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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