-- Posted 27 December, 2010 | | Source: SilverSeek.com
Please Note: Canadian markets were closed today in observance of Christmas and are closed tomorrow for Boxing Day.
| Close | Gain/Loss |
Gold | $1382.30 | +$1.10 |
Silver | $29.24 | -$0.10 |
XAU | 220.50 | -0.34% |
HUI | 555.64 | -0.72% |
GDM | 1652.37 | -0.66% |
JSE Gold | 2677.04 | +23.43 |
USD | 80.31 | -0.16 |
Euro | 131.56 | +0.42 |
Yen | 120.69 | +0.14 |
Oil | $91.00 | -$0.51 |
10-Year | 3.351% | -0.042 |
T-Bond | 120.25 | +0.8125 |
Dow | 11555.03 | -0.16% |
Nasdaq | 2667.27 | +0.06% |
S&P | 1257.54 | +0.06% |
The Metals:
Gold fell $10 to $1371.20 in early Asian trade before it rebounded to see a $5.18 gain at $1386.38 and next fell back to $1377.69 by a little after noon EST, but it then rallied back higher in the last hour of trade and ended with a gain of 0.08%. Silver fell to $28.74 and climbed to $29.31 before it dropped back to $29.03 by a little after 8AM EST, but it also rallied back higher in New York and ended with a loss of just 0.34%.
Euro gold fell to about €1052, platinum gained $21.25 to $1734.75, and copper gained a couple of cents to about $4.27.
Gold and silver equities fell over 1% by early afternoon before they rebounded a bit, but they still ended with slight losses.
The Economy:
There were no major economic reports today. Tomorrow at 9AM EST brings the Case-Shiller 20-city Index for October expected at 0.1% and at 10AM is Consumer Confidence for December expected at 56.1.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell slightly on worries that China’s interest rate hike may reduce energy demand.
The U.S. dollar index fell as the euro rose on easing concerns about Europe’s debt crisis.
Treasuries rose while the Dow, Nasdaq, and S&P traded mixed in thin trade as China’s interest rate hike was digested.
Among the big names making news in the market today were Goldman Sachs and Regeneron.
GATA Posts:
+74% later, Wall St. Journal notices silver only to try to talk it down
Bailed-out banks slip toward failure
Gene Arensberg's review of the Yukon resource play
The Statistics:
Activity from: 12/22/2010
Gold Warehouse Stocks: | 11,652,728 | -994 |
Silver Warehouse Stocks: | 105,108,972 | - |
TODAY’S NYMEX METAL REPORTS WILL NOT BE RELEASED, DUE TO WEATHER IN THE NEW YORK AREA. HOWEVER, REPORTS WILL RESUME TOMORROW AT THEIR NORMALLY SCHEDULED TIME.
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 | 1284.973 | 41,313,158 | US$57,016m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 123.23 | 3,961,873 | US$5,479m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 132.02 | 4,244,573 | US$5,870m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 475,004 | US$632m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 50.99 | 1,639,481 | US$2,252m |
NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,964 | US$7m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 3.643 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 117.18: +0.55 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,903.34 - No change from yesterday’s data.
The Miners:
WINNERS
1. Minco Gold | MGH+11.11% $2.50 |
2. Solitario | XPL +7.76% $3.75 |
3. Metalline | MMG +6.68% $1.12 |
LOSERS
1. Gold Reserve | GRZ -3.30% $1.76 |
2. Randgold | GOLD-3.14% $81.56 |
3. Fronteer | FRG -2.99% $11.35 |
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:
Goldrich Announces Closing on Private Placement Financing - More
- December 27, 2010 | Item | ShareThis
Willow Creek Authorizes Forward Split - More
- December 27, 2010 | Item | ShareThis
Searchlight Minerals Corp. Sells an Initial 3 Million Shares of Common Stock for $1.6 Million and Receives a Commitment to Purchase up to 10 Million Additional - More
- December 27, 2010 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted 27 December, 2010 | |
