-- Posted 28 December, 2010 | | Source: SilverSeek.com
| Close | Gain/Loss |
Gold | $1404.70 | +$22.40 |
Silver | $30.25 | +$1.01 |
XAU | 224.89 | +1.99% |
HUI | 570.15 | +2.61% |
GDM | 1695.69 | +2.62% |
JSE Gold | 2672.68 | -4.36 |
USD | 80.37 | +0.06 |
Euro | 131.18 | -0.52 |
Yen | 121.26 | +0.50 |
Oil | $91.49 | +$0.49 |
10-Year | 3.481% | +0.130 |
T-Bond | 119.34375 | -1.90625 |
Dow | 11575.54 | +0.18% |
Nasdaq | 2662.88 | -0.16% |
S&P | 1258.51 | +0.08% |
The Metals:
Gold climbed higher throughout most of world trade and ended near its early afternoon high of $1406.15 with a gain of 1.62%. Silver climbed to as high as $30.313 and closed with a gain of 3.45%.
Euro gold climbed to almost €1072, platinum gained $10.75 to $1745.50, and copper gained another 5 cents to a new all-time high at about $4.32.
Gold and silver equities rose over 2% by midmorning and remained near their highs into the close.
The Economy:
Report | For | Reading | Expected | Previous |
Case-Shiller 20-city Index | Oct | -0.8% | 0.1% | 0.44% |
Consumer Confidence | Dec | 52.5 | 56.1 | 54.3 |
Tomorrow brings MBA Mortgage Applications for 12/24.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose on expectations for increased demand from cold weather.
The U.S. dollar index reversed early losses and ended slightly higher as the euro fell on renewed worries about sovereign debt problems and slow economic growth in Europe.
Treasuries added to early losses and ended markedly lower after today’s $35 billion 5-year note auction sold at a high yield of 2.149% with a bid to cover of 2.61.
The Dow, Nasdaq, and S&P waffled near unchanged in lackluster trade.
Among the big names making news in the market today were GM and Allstate.
GATA Posts:
Class action against Morgan, HSBC specifies silver manipulation mechanism
Strong foreign banks splurged on, profited from Fed's emergency credit
GATA's lawsuit for Fed's gold documents slogs on
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$57,015m |
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 | 474,998 | US$643m |
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: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 117.18 - No 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. Timberline | TLR +18.6% $1.02 |
2. Mines MGMT | MGN+16.86% $4.09 |
3. Minco Gold | MGH +12.8% $2.82 |
LOSER
1. Freeport | FCX-0.28% $118.28 |
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:
Crown Gold Announces Changes in Terms for Two Series of Warrants Issued by Gold Summit - More
- December 28, 2010 | Item | ShareThis
Iron Mining Group, Inc. Closes a $3.3 Million Convertible Bridge Financing - More
- December 28, 2010 | Item | ShareThis
Royal Standard Plans to Complete a $15 Million Secured Loan Facility - More
- December 28, 2010 | Item | ShareThis
Glass Earth Closes First Tranche of $4 Million Placement; Adds Program to Improve Liquidity - More
- December 28, 2010 | Item | ShareThis
General Metals Receives Regulatory Approval for Forward Split - More
- December 28, 2010 | Item | ShareThis
California Gold Corp. Announces Closing of Its Private Placement and Decision To Move Forward With Its Acquisition of up to an Eighty Percent Interest - More
- December 28, 2010 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted 28 December, 2010 | |
