Posted Friday, 6 May 2011 | Source: GoldSeek.com
Close | Gain/Loss | On Week | |
Gold | $1491.80 | +$10.40 | -4.57% |
Silver | $35.40 | -$0.85 | -26.05% |
XAU | 202.19 | +0.30% | -9.01% |
HUI | 535.13 | +0.35% | -9.68% |
GDM | 1559.98 | +0.35% | -9.61% |
JSE Gold | 2584.76 | +3.26 | - |
USD | 74.75 | +0.57 | +2.34% |
Euro | 143.50 | -1.94 | -3.07% |
Yen | 124.12 | -0.69 | +0.82% |
Oil | $97.18 | -$2.62 | -14.71% |
10-Year | 3.157% | -0.011 | -4.22% |
Bond | 123.875 | +0.3125 | +1.23% |
Dow | 12638.74 | +0.43% | -1.34% |
Nasdaq | 2827.56 | 0.46% | -1.60% |
S&P | 1340.20 | +0.38% | -1.72% |
The Metals:
Gold traded mostly slightly higher in Asia and London before it fell $5.70 to as low as $1475.70 by about 8:30AM EST, but it then rallied back higher in New York and ended near its late morning high of $1498.19 with a gain of 0.7%. Silver fell to $33.17 by a little after 8AM before it also rallied back higher and saw a slight gain at $36.43 by late morning, but it then fell back off in the last couple of hours of trade and ended with a loss of 2.34%.
Euro gold rose to about €1037, platinum gained $13.20 to $1780.70, and copper fell a couple of cents to about $3.96.
Gold and silver equities rose about 2% by midmorning before they fell back off a bit midday, but they still ended with slight gains.
Report | For | Expected | Previous | |
Nonfarm Payrolls | April | 244K | 185K | 221K |
Unemployment Rate | April | 9.0% | 8.8% | 8.8% |
Hourly Earnings | April | 0.1% | 0.2% | 0.2% |
Average Workweek | April | 34.3 | 34.3 | 34.3 |
Consumer Credit | March | $60.B | $4.9B | $7.6B |
The BLS net birth/death adjustment added 175,000 payrolls to April’s data. Private Payrolls rose 268,000.
All of this week’s other economic reports:
Productivity - Q1 |
Unit Labor Costs - Q1 |
Initial Claims - 4/30 |
ISM Services - April |
ADP Employment - April |
Factory Orders - March |
ISM Index - April |
Construction Spending - March |
Next week’s economic highlights include Export and Import Prices and Wholesale Inventories on Tuesday, the Trade Balance and the Treasury Budget on Wednesday, Initial Jobless Claims, PPI, Retail Sales, and Business Inventories on Thursday, and CPI and Michigan Sentiment on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell and treasuries rose on worries over Europe after rumors surfaced that Greece may leave the euro, but those rumors have since been categorically denied.
The U.S. dollar index rose on the better than expected jobs report that also sent the Dow, Nasdaq, and S&P higher.
Among the big names making news in the market Friday were Sony, Goldman Sachs, Washington Post, and JPMorgan.
GATA Posts:
The Statistics:
Activity from: 5/04/2011
Gold Warehouse Stocks: | 11,136,021 | +195,006 |
Silver Warehouse Stocks: | 102,576,872 | -277,752 |
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 | 1208.419 | 38,851,883 | US$57,728m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 115.35 | 3,708,632 | US$5,536m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 115.36 | 3,708,882 | US$5,532m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 474,318 | US$678m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 49.59 | 1,594,221 | US$2,409m |
NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,956 | US$7m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 11.521 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 136.33 -0.28 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,268.92 -118.34 change from yesterday’s data.
Taseko’s (TGB) EPCM contract, Randgold’s (GOLD) ringing of The NASDAQ Stock Market Closing Bell, Vista Gold’s (VGZ) board appointments, and Revett’s (RVM.TO) operations update were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. First Majestic | AG+8.38% $18.24 |
2. Richmont | RIC +7.97% $7.72 |
3. Endeavour | EXK +7.89% $9.30 |
LOSERS
1. Minefinders | MFN-5.81% $13.14 |
2. Mines MGMT | MGN -3.51% $2.20 |
3. Aurizon | AZK -3.14% $5.56 |
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
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