-- Posted 3 January, 2011 | | Source: SilverSeek.com
| Close | Gain/Loss |
Gold | $1422.00 | +$1.40 |
Silver | $31.08 | +$0.21 |
XAU | 223.75 | -1.25% |
HUI | 566.73 | -1.15% |
GDM | 1684.45 | -123% |
JSE Gold | 2711.01 | +20.39 |
USD | 79.19 | +0.14 |
Euro | 133.54 | -0.37 |
Yen | 122.36 | -0.88 |
Oil | $91.55 | +$0.17 |
10-Year | 3.342% | +0.037 |
T-Bond | 121.50 | -0.625 |
Dow | 11670.75 | +0.81% |
Nasdaq | 2691.52 | +1.46% |
S&P | 1271.87 | +1.13% |
The Metals:
Gold rose to see a $3.34 gain at $1423.94 at the open of trade in New York before it chopped its way back lower to see a $4.80 loss at $1415.80 by a little before 11AM EST, but it then rallied back higher in the last few hours of trade and ended with a gain of 0.1% at a new all-time closing high. Silver climbed over 1% to $31.228 before it fell to see a slight loss at $30.824, but it also rallied back higher in late trade and ended with a gain of 0.68% at a new 30-year closing high.
Euro gold fell to about €1062, platinum gained $5 to $1777, and copper climbed a penny to a new record high at about $4.45.
Gold and silver equities saw slight gains at the open before they fell to see modest losses by midmorning and then rallied back higher midday, but they then fell back off again in late trade and ended with over 1% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Construction Spending | Nov | 0.4% | 0.2% | 0.7% |
ISM Index | Dec | 57.0 | 57.3 | 56.6 |
Tomorrow at 10AM EST brings Factory Orders for November expected at -0.3% and at 2PM is the release of FOMC minutes from the fed’s last meeting.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose as the U.S. dollar index pared overnight gains and treasuries fell on decent economic data that sent the Dow, Nasdaq, and S&P higher.
Among the big names making news in the market today were Dollar General, Porsche, Clorox, and Bank of America.
The Commentary:
GATA Posts:
Cheviot conference in London on Jan. 27 has big GATA component
Join GATA at the Vancouver conference January 23-24
Who said the dumbest things about precious metals in 2010?
The Statistics:
Activity from: 12/31/2010
Gold Warehouse Stocks: | 11,694,316 | +102,535 |
Silver Warehouse Stocks: | 104,547,631 | -301,597 |
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 | 1280.722 | 41,176,502 | US$58,047m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 123.25 | 3,962,668 | US$5,612m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 132.01 | 4,244,391 | US$6,010m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 474,968 | US$647m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 50.99 | 1,639,373 | US$2,316m |
NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,963 | US$7m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 117.66: +0.48 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,921.57: +18.23 change from yesterday’s data.
The Miners:
WINNERS
1. Solitario | XPL +14.33% $4.15 |
2. Almaden | AAU +7.40% $5.08 |
3. DRDGOLD | DROOY+4.93% $5.11 |
LOSERS
1. Kimber | KBX -5.00% $1.33 |
2. Agnico Eagle | AEM -4.35% $73.36 |
3. Cardero | CDY -3.91% $2.21 |
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:
| First Liberty Power Corp. Receives Additional Funding - More
- January 03, 2011 | Item | ShareThis
Alto Group Holdings Announces Acquisition of Ownership Interest in the Berila Gold Project - More
- January 03, 2011 | Item | ShareThis
Bullion Monarch Mining Board Adds Independent Director to Board - More
- January 03, 2011 | Item | ShareThis
Uranium Resources, Inc. Enters into Uranium Mining Lease Option Agreement for South Texas Property - More
- January 03, 2011 | Item | ShareThis
Northland Files Exploitation Concession Application and Environmental Impact Assessment Programme for Hannukainen Project - More
- January 03, 2011 | Item | ShareThis |
- Chris Mullen, Gold Seeker Report
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-- Posted 3 January, 2011 | |
