-- Posted 8 January, 2010 | | Source: SilverSeek.com
| Close | Gain/Loss | On Week |
Gold | $1138.10 | +$5.80 | +3.81% |
Silver | $18.41 | +$0.11 | +9.32% |
XAU | 181.74 | +1.41% | +8.02% |
HUI | 462.60 | +1.24% | +7.60% |
GDM | 1374.72 | +1.37% | +7.97% |
JSE Gold | 2514.06 | +19.00 | +4.30% |
USD | 77.46 | -0.48 | -0.54% |
Euro | 144.15 | +1.05 | +0.62% |
Yen | 107.89 | +1.02 | +0.25% |
Oil | $82.75 | +$0.09 | +4.27% |
10-Year | 3.808% | -0.014 | -0.91% |
Bond | 115.46875 | +0.1875 | +0.08% |
Dow | 10618.19 | +0.11% | +1.82% |
Nasdaq | 2317.17 | +0.74% | +2.12% |
S&P | 1144.98 | +0.29% | +2.68% |
The Metals:
Gold fell over 1% to as low as $1119.50 in London and then shot higher after the US jobs report was released to as high as $1139.12 by about 9AM EST before it fell back off to see slight losses by late morning, but it ultimately climbed back higher into the close and ended near its earlier high with a gain of 0.44%. Silver fell over 1.5% to as low as $18.019 in Asia before it jumped to as high as $18.45 at the New York open and then also fell back near unchanged by late morning, but it too rallied back higher in the last couple of hours of trade and ended with a gain of 0.6%.
Euro gold fell to about €789, platinum gained $21.50 to $1571.50, and copper remained at about $3.41.
Gold and silver equities waffled near unchanged for most of the morning, but they then headed higher in afternoon trade and ended with over 1% gains.
The Economy:
Report | For | Reading | Expected | Previous |
Nonfarm Payrolls | Dec | -85K | 0K | 4K |
Unemployment Rate | Dec | 10.0% | 10.0% | 10.0% |
Hourly Earnings | Dec | 0.2% | 0.2% | 0.1% |
Average Workweek | Dec | 33.2 | 33.2 | 33.2 |
Wholesale Inventories | Nov | 1.5% | -0.3% | 0.6% |
Consumer Credit | Nov | | | |
The BLS Net Birth/Death adjustment added 59,000 payrolls to December’s data.
All of this week’s other economic reports:
Next week’s economic highlights include the Trade Balance on Tuesday, the fed’s Beige Book and the Treasury Budget on Wednesday, Initial Jobless Claims, Retail Sales, Import and Export Prices, and Business Inventories on Thursday, and CPI, Empire Manufacturing, Capacity Utilization, Industrial Production, and Michigan Sentiment on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil edged higher as the U.S. dollar index fell in reaction to the worse than expected jobs report.
Treasuries found slight gains while the Dow, Nasdaq, and S&P remained near unchanged as economic worries were offset by the outlook for continued low interest rates.
Among the big names making news in the market Friday were UPS, Toyota, Best Buy, Intel, GE Capital, and Lloyds.
GATA Posts:
Ron Paul's golden rule
Chinese firm beats Morgan Stanley out of most of its derivatives claim
Platinum, palladium ETFs to begin trade in U.S. Friday
The Statistics:
Activity from: 1/07/2010
Gold Warehouse Stocks: | 9,928,479 | +98,518 |
Silver Warehouse Stocks: | 111,981,895 | +236,274 |
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 | 1123.503 | 36,121,731 | US$40,695m |
London Stock Exchange (LSE) AND Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse ) | Gold Bullion Securities | 124.14 | 3,989,467 | US$4,531m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 15.37 | 491,809 | US$561m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 53.02 | 1,704,560 | US$1,927m |
NASDAQ Dubai | Dubai Gold Securities | 0.155 | 4,983 | US$6m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 0.366 tonnes, the LSE subtracted 0.03 tonnes, and the ASX added 0.17 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 79.30 - No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,488.81 - No change from yesterday’s data.
The Miners:
MAG’s (MVG) assay results, Canplats’ support of Goldcorp’s (GG) offer, and Apogee’s (APE.V) acceptance from Bolivian Environmental Authority were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Exeter | XRA+11.61% $8.75 |
2. New Gold | NGD +7.76% $4.72 |
3. IAMGOLD | IAG +6.48% $16.93 |
LOSERS
1. Gold Reserve | GRZ -5.70% $1.49 |
2. Solitario | XPL -2.44% $2.40 |
3. Nevsun | NSU -2.02% $2.43 |
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
All of today's gold and silver stock news:
HudBay Provides Update on Polar Star Holdings - More
- January 08, 2010 | Item | E-mail
Bravo Receives $1.7 Million in Warrant Exercises - More
- January 08, 2010 | Item | E-mail
Armistice Resources to Acquire Former Kerr-Addison Mine Property - More
- January 08, 2010 | Item | E-mail
First Metals Announces Change in Senior Management - More
- January 08, 2010 | Item | E-mail
Metanor Resources Inc. Announces the Closing of a Private Placement - More
- January 08, 2010 | Item | E-mail
Southern Silver Exploration Corp.: Drilling Underway at Southern Silver's Oro Project - More
- January 08, 2010 | Item | E-mail
Golden Harp Resources announces corporate appointments - More
- January 08, 2010 | Item | E-mail
Excalibur Intersects 1.7 Meters of 657 g/t Ag and 3.6% Cu at Silver King - More
- January 08, 2010 | Item | E-mail
Melkior Grants 900,000 Stock Options - More
- January 08, 2010 | Item | E-mail
Canplats shares fall as Minera Penmont ends pursuit - "Shares of mining exploration company Canplats Resources Corp (CPQ.V) fell 6.5 percent on Friday after Minera Penmont backed out of a bidding war for the Canadian junior miner, clearing the way for Goldcorp's (G.TO) C$280 million ($269 million) takeover bid to succeed." More
- January 08, 2010 | Item | E-mail
Review of Carpathian's 2009 Exploration Activity & Outlook for 2010 - More
- January 08, 2010 | Item | E-mail
GoldSpring Purchases Obester Patented Mining Claims for Their Comstock Mine Project - More
- January 08, 2010 | Item | E-mail
Altius Sells Nuiklavik Property to Rare Element Resources - More
- January 08, 2010 | Item | E-mail
RT Minerals Corp. announces drilling has commenced in West Timmins, Ontario, adjoining Lake Shore Gold Corp. and Nebu Resources Inc. and closing - More
- January 08, 2010 | Item | E-mail
Millrock and Inmet Mining Corporation Sign Letter of Intent to Enter Into an Option to Joint Venture Agreement on San Jose and Dry Mountain Projects, Arizona - More
- January 08, 2010 | Item | E-mail
Brionor Announces a $600,000 Private Placement - More
- January 08, 2010 | Item | E-mail
Tri-River announces $4,800,000 private placement - More
- January 08, 2010 | Item | E-mail
Red Metal Resources Announces Change of Independent Auditors - More
- January 08, 2010 | Item | E-mail
ATW Gold Corp. Provides Update on Strategic Alternatives - More
- January 08, 2010 | Item | E-mail
Montoro Increases Non Flow-Through Financing to $350,000 - More
- January 08, 2010 | Item | E-mail
International Wayside Files Three NI43-101 Technical Reports - More
- January 08, 2010 | Item | E-mail
Yukon-Nevada Gold Corp. updates Golden Eagle dispute - More
- January 08, 2010 | Item | E-mail
Terrane Metals Corp.: Mt. Milligan to Proceed to Construction - More
- January 08, 2010 | Item | E-mail
Strategic Resources Inc. Completes Private Placement - More
- January 08, 2010 | Item | E-mail
Golden Minerals Closes Previously Announced Transactions With Sentient and Hochschild - More
- January 08, 2010 | Item | E-mail
Canplats Announces Adjourned Meeting Date to Consider Goldcorp Transaction - More
- January 08, 2010 | Item | E-mail
Firestone Ventures Completes Phase One Exploration Program for Zinc-Lead in Guatemala - More
- January 08, 2010 | Item | E-mail
CanAlaska Uranium executes drill contract for 2010 exploration - More
- January 08, 2010 | Item | E-mail
Canplats board reiterates support of Goldcorp offer - "Canplats Resources Corp (CPQ.V) said on Friday that its board had reiterated support for Goldcorp's (G.TO) revised takeover offer of about C$280 million, which matches a rival bid from Minera Penmont." More
- January 08, 2010 | Item | E-mail
MAG Silver Extends Molybdenum-Gold Zone at Cinco De Mayo - "MAG Silver Corp. (TSX:MAG - News)(AMEX:MVG - News) ("MAG") is pleased to announce additional gold and molybdenum assay results from on-going drilling of the Pozo Seco Moly-Gold zone discovery on its 100% owned Cinco de Mayo property in northern Chihuahua State, Mexico (see press releases of September 23 and November 10, 2009)." More
- January 08, 2010 | Item | E-mail
Apogee's Pulacayo Development Project Receives Acceptance from Bolivian Environmental Authority - "Apogee Minerals Limited ("Apogee" or "the Company") (TSX VENTURE:APE - News) is pleased to announce that it has received notice from the Bolivian Ministry of Environment and Water ("MEW") which accepts the Company's recommendations for its Pulacayo Development Project set out in its submission entitled, "Environmental Form: Mineral Extraction, Milling and Construction of Tailings Facilities - Pulacayo", submitted to the MEW in November, 2009. The submission forms part of the Company's requirement to have the Pulacayo Project categorized for development. The report was prepared on the Company's behalf by Medio Ambiente Mineria e Industria, a well respected independent Bolivian environmental engineering consulting firm." More
- January 08, 2010 | Item | E-mail
- Chris Mullen, Gold Seeker Report
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-- Posted 8 January, 2010 | |