-- Posted 2 January, 2007 | | Source: SilverSeek.com
Note: Stock indices were closed today for President Gerald Ford's Day of Mourning, but the bond, currency, and commodity markets were open.
| Close | Gain/Loss |
Gold | $639.70 | +$3.70 |
Silver | $13.13 | +$0.28 |
XAU | 142.25 | UNCH |
HUI | 338.24 | UNCH |
GDM | 1084.03 | UNCH |
JSE Gold | 2991.02 | +1.81% |
USD | 82.97 | -0.46 |
Euro | 132.81 | +0.89 |
Yen | 84.20 | +0.21 |
Oil | $60.80 | -$0.25 |
10-Year | 4.710% | UNCH |
T-Bond | 111.71875 | +0.28125 |
Dow | 12463.15 | UNCH |
Nasdaq | 2415.29 | UNCH |
S&P | 1418.30 | UNCH |
The Metals:
Gold rose a few dollars in Asia and gained a few more to above $640 in London before it fell back off a bit in early New York trade, but it rallied back higher to about $640 in late morning trade and remained near that level into the close to end with a gain of 0.58%. Silver added about 15 cents in Asia and rose above $13.00 in London before it added another 10 cents in late morning New York trade and ended near its highs with a gain of 2.18%.
Euro gold rose to about €482, platinum gained $1 to $1,134, palladium gained $1 to $333, and copper fell over 6 cents to about $2.77.
The Economy:
Today’s economic reports were delayed until tomorrow. At 10AM are Construction Spending for November expected at -0.6% and the ISM Index for December expected at 50.0 and at 2PM is the release of FOMC minutes from their December 12th meeting.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell in thin trade on continued warmer than expected weather in most areas of the U.S.
The U.S. dollar index fell markedly and treasuries rose on the outlook that the fed will not raise interest rates as Europe and other world central banks do raise interest rates.
Among the big names making news in the market today were Nucor and Harris Steel, and Lennar.
The Commentary:
GATA Posts:
James Turk: Gold isn't really up; the dollar is depreciating
Banks and funds pay top dollar to secure commodity talent
Report predicts China's currency will gain 5% on dollar in 2007
10-gram gold contracts offered in India; gold deliveries rising fast
Chrysler goes to China to build small cars for U.S. market
Euro enjoys wide use outside European union
Spending China's dollars: CITIC buys Kazakhstan oilfield
At 5 years old, euro easily rivals other currencies
Gold finishes year up 23%, silver up 45%
The Statistics:
As of close of business: 12/29/2006
Gold Warehouse Stocks: | 7,533,807 | -709 |
Silver Warehouse Stocks: | 111,070,772 | -2,985 |
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
| Product name | Total Tonnes | Total Ounces | Total Value |
New York Stock Exchange (NYSE) AND Singapore Exchange (SGX) | Streettracks Gold Shares | 453.24 | 14,572,124 | US$ 9,261m |
LSE (London Stock Exchange) AND Euronext Paris | Gold Bullion Securities | 90.29 | 2,902,914 | US$ 1,859m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 10.53 | 338,370 | US$ 217m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 10.25 | 329,489 | US$ 209m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU)
Profile as of 12/29/2006 | |
Total Net Assets | $907,688,726 | Ounces of Gold
in Trust | 1,429,417.361 |
Shares Outstanding | 14,400,000 | Tonnes of Gold
in Trust | 44.46 |
Note: No change in Total Tonnes from yesterday’s data.
Silver Trust (SLV)
Profile as of 12/29/2006 | |
Total Net Assets | $1,562,162,778 | Ounces of Silver
in Trust | 121,144,585.200 |
Shares Outstanding | 12,150,000 | Tonnes of Silver
in Trust | 3,768.02 |
Note: No change in Total Tonnes from yesterday’s data.
The Stocks:
All of today's gold and silver stock news:
Golden Odyssey Announces Option Grants, Appointment of Corporate Secretary - More
- January 02, 2007 | Item | E-mail
New Island Reports on AGM, Board Changes and Corporate Progress - More
- January 02, 2007 | Item | E-mail
Romios Announces Final Closing of Private Placement - More
- January 02, 2007 | Item | E-mail
Opawica Closes Private Placements - More
- January 02, 2007 | Item | E-mail
Milner Accepts Letter of Intent for the Purchase and Sale of Gowganda Silver Camp Property, Ontario - More
- January 02, 2007 | Item | E-mail
Adanac Molybdenum Corporation: Incentive Stock Options - More
- January 02, 2007 | Item | E-mail
Asia Now Begins Drilling at Habo Copper-Gold Porphyry in China - More
- January 02, 2007 | Item | E-mail
Tagish closes third tranche of previously announced flow-through private placement of units - More
- January 02, 2007 | Item | E-mail
Ecstall Mining Corporation advises shareholders to take no action on hostile takeover bid from Mantle Resources Inc. - More
- January 02, 2007 | Item | E-mail
International Kirkland Minerals Inc. Closes Placement - More
- January 02, 2007 | Item | E-mail
Thundermin Raises $350,000 in Private Placements - More
- January 02, 2007 | Item | E-mail
Vena Resources Retains MineFill Services for Azulcocha Scoping Study - More
- January 02, 2007 | Item | E-mail
American Creek closes $3,003,400 private placement - More
- January 02, 2007 | Item | E-mail
Yukon Resources Corp. Changes Name to "Uranium Star Corp." and Stock Trading Symbol to "URST" - More
- January 02, 2007 | Item | E-mail
Khan Resources Announces the Award of a Pre-Feasibility Study for its Dornod Uranium Project in Mongolia - More
- January 02, 2007 | Item | E-mail
Richmond Minerals Inc. closes flow-through financing involving MineralFields Group - More
- January 02, 2007 | Item | E-mail
Anooraq Settlement With Pelawan & Finalization of Anooraq Capital Structure - More
- January 02, 2007 | Item | E-mail
Unico, Inc. Releases January 2007 Investor Newsletter - More
- January 02, 2007 | Item | E-mail
Golden Patriot Mining Announces Retirement of its President and Chief Financial Officer - More
- January 02, 2007 | Item | E-mail
Golden Goose Resources Inc. - Change in senior management - More
- January 02, 2007 | Item | E-mail
Paramount Gold Reports on Five More Trenches in the San Antonio - Carmen Zone with Assays up to 887 Grams Silver at the San Miguel Project, Mexico - More
- January 02, 2007 | Item | E-mail
Brendan Walker 4 March 1958 - 30 December 2006 - "It is with a deep sense of loss and great sadness that Gold Fields Limited (Gold Fields) (NYSE, JSE, DIFX: GFI) has to announce the death of Brendan Walker in a car accident in the Eastern Cape on Saturday, 30 December 2006. Brendan was an executive vice president of Gold Fields and head of its South African operations." More
- January 02, 2007 | Item | E-mail
Pershimco Resources Closes A Private Placement - More
- January 02, 2007 | Item | E-mail
Uranium Energy Corp Increases Wyoming State Lease Holdings - More
- January 02, 2007 | Item | E-mail
- Chris Mullen, Gold Seeker Report
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-- Posted 2 January, 2007 | |
