Gold Prices

Daily Market Commentary for May 12, 2010

Gold Prices

Gold prices rose to record highs today, the commodity reached a new intra-day high of $1,245.40 an ounce. (Read more at Millennium-Traders.Com)

Economic data released today:

MBA Mortgage Applications:
U.S. MBA Market Index rose 3.9% at 578.1; Last Week 556.2; U.S. MBA Purchase Index fell 9.5% at 263.6; Last Week 291.3; U.S. MBA Refinance Index rose 14.8% at 2,430.8; Last Week 2,117.3; U.S. Mortgage Application Volume Grew 3.9% Last Week.

Trade Balance:
U.S. March Trade Deficit $40.42B; Compared to Consensus Deficit $40.5B; February Trade Balance Revised to Deficit $39.43B from Deficit $39.70B; March Exports $147.87B, rose 3.2%; Imports $188.30B, rose 3.1%; U.S. March Trade Deficit Widens to Highest Level since December 2008.

Crude Oil Inventories as released by DOE [Department of Energy]:
U.S. Refineries Ran at 88.42% capacity; Was Seen 89.40%; U.S. Distillate Stockpiles rose 1.396 Million Barrels at 153.789 Million Barrels; U.S. Distillate Stockpiles rose 1.396 Million Barrels in Week; Was Seen increasing by 1.2 Million Barrels; U.S. Gasoline Stockpiles fell 2.814 Million Barrels in Week; Was Seen increasing by 0.5 Million Barrels; U.S. Gasoline Stockpiles fell 2.814 Million Barrels at 222.128 Million Barrels; U.S. Crude Oil Stockpiles rose 1.949 Million Barrels in Week; Was Seen increasing by 0.8 Million Barrels; U.S. Crude Oil Stockpiles rose 1.949 Million Barrels at 362.524 Million Barrels; U.S. Refineries Ran at 88.42% versus 89.59% Week Ago.

Federal Budget Balance:
U.S. Government Deficit For Year 2010 to Date $799.68B; U.S. Government Deficit in April is 19th Straight; U.S. Government Posts $82.69 Billion Total Budget Deficit in April.

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) triple digit gain 148.65 points, EOD 10,896.91
NYSE (New York Stock Exchange) gain 94.58, EOD 7,316.24
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 48.95 points, EOD 2,424.26
S&P 500 (SPX) gain 15.83 points, EOD 1,171.62
BEL 20 (BEL20) gain 56.83 points, EOD 2,540.36
CAC 40 (CAC40) gain 40.67 points, EOD 3,733.87
FTSE100 (UKX100) gain 49.24 points, EOD 5,383.45
NIKKEI 225 (NIK/O) shed 17.07, EOD 10,394.03

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,693, declined stock prices 465, unchanged stock prices 57, stock prices hitting new highs 100 and stock prices hitting new lows 12. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: GS gain 5.45, HOD 147.54, LOD 142.28, EOD 147.42; CME shed 0.26, HOD 332.00, LOD 327.99, EOD 328.94; SY gain 15.62, HOD 66.00, LOD 41.71, EOD 57.19; DIS shed 0.60, HOD 36.21, LOD 34.82, EOD 35.16; MA gain 9.72, HOD 236.22, LOD 224.59, EOD 232.96; M gain 0.77, HOD 24.84, LOD 23.73, EOD 24.67.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 2,256, declined stock prices 512, unchanged stock prices 82, stock prices hitting new highs 134 and stock prices hitting new lows 15. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: PCLN shed 2.31, HOD 221.75, LOD 213.46, EOD 217.24; CTRP gain 3.36, HOD 40.00, LOD 38.05, EOD 39.91; BIDU gain 6.79, HOD 78.36, LOD 72.82, EOD 78.21; AAPL gain 5.57, HOD 263.13, LOD 258.70, EOD 262.09; SPWRA shed 1.11, HOD 14.95, LOD 13.92, EOD 14.18; NFLX gain 8.01, HOD 107.91, LOD 101.43, EOD 107.83; HMIN gain 2.63, HOD 37.36, LOD 35.52, EOD 37.08.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 349, declined stock prices 150, unchanged stock prices 28, stock prices hitting new highs 21 and stock prices hitting new lows 4.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1170.00; Change 17.75
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,973.75; Change 38.50
E-mini DOW $5 (YM) Mar 10: EOD 10,879; Change 170
E-mini S&P MidCap 400 (MF) Mar 10: EOD 815.20; Change 19.50
Nikkei 225 (Yen) Mar 10: EOD 10,540; Change 100

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7919 to U.S. Dollars 1.2600
Japanese Yen 93.1750 to U.S. Dollars 0.0107
British Pound 0.6743 to U.S. Dollars 1.4800
Canadian Dollar 1.0199 to U.S. Dollars 0.9811
Swiss Franc 1.1109 to U.S. Dollars 0.9000

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (June 10) shed $0.72, EOD $75.65 per barrel ($US per barrel)
Heating Oil (June 10) gain $0.01, EOD $2.16 a gallon ($US per gallon)
Natural Gas (June 10) gain $0.15, EOD $4.28 per million BTU ($US per mmbtu.)
Unleaded Gas (June 10) shed $0.01, EOD $2.21 gallon ($US per gallon)

Metals Markets - Comex:
Gold (May 10) gain $22.80, EOD $1,242.70 ($US per Troy ounce)
Silver (May 10) gain $0.36, EOD $19.64 ($US per Troy ounce)
Platinum (May 10) gain $46.50, EOD $1,745.30 ($US per Troy ounce)
Copper (May 10) shed $0.01, EOD $3.18 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (May 10) gain $0.52, EOD $88.45
Pork Bellies (May 10) unchanged, EOD $102.00
Live Cattle (June 10) shed $1.10 EOD $95.70
Feeder Cattle (May 10) shed $0.60, EOD $111.50

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 10) gain $2.00, EOD $371.75
Soybeans (May 10) gain $1.25, EOD $959.50

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