Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Stock Review : Markets : News Wire : Quotes : Radio : Silver : Stocks - Main 
  
 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Closing Report: Gold and Silver Fall With Stocks
By: Chris Mullen, Gold-Seeker.com

Connecting the Dots: 5 Warning Signs Point to Real Estate Market Downturn
By: Tony Sagami

The inevitability of QE
By: Clif Droke

About That Referendum in Switzerland…
By: Michael Lombardi, MBA

Gold or Crushing Paper Debt
By: Gary Christenson

100% of Mainstream Interest Rate Theory is Wrong
By: Keith Weiner

Benefit of the doubt
By: Bill Holter

Gold & Silver Market Morning
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch

India Gold Demand Surges 450% and Bank of Russia Demand At 15 Year High
By: GoldCore

Asian Metals Market Update
By: Chintan Karnani, Insignia Consultants

 
Search

GoldSeek Web

 
Gold Seeker Weekly Wrap-Up: Gold and Silver End Near Unchanged on the Week
By: Chris Mullen, Gold-Seeker.com


-- Posted Friday, 9 March 2012 | | Disqus

 

Close

Gain/Loss

On Week

Gold

$1711.80

+$11.40

+0.01%

Silver

$34.17

+$0.37

-0.58%

XAU

186.85

-0.55%

-3.79%

HUI

509.92

+0.10%

-2.57%

GDM

1475.66

-0.10%

-2.98%

JSE Gold

2541.95

-14.10

-4.35%

USD

79.99

+0.83

+0.72%

Euro

131.15

-1.57

-0.67%

Yen

121.35

-1.25

-0.78%

Oil

$107.40

+$0.82

+0.66%

10-Year

2.038%

+0.024

+2.62%

Bond

141.75

-0.375

-0.64%

Dow

12922.02

+0.11%

-0.43%

Nasdaq

2988.34

+0.60%

+0.41%

S&P

1370.87

+0.36%

+0.09%

 
 

 

The Metals:

 

Gold edged up to $1706.18 in Asia before it fell to $1680.47 by a little after 9AM EST, but it then rose to a new session high of $1714.10 in New York and ended with a gain of 0.67%.  Silver slipped to $33.22 before it also rallied back higher and ended near its early afternoon high of $34.36 with a gain of 1.09%.

 

Euro gold rose to about €1306, platinum gained $26.50 to $1678.50, and copper climbed 5 cents to about $3.84.

 

Gold and silver equities waffled near unchanged and ended mixed.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Trade Balance

Jan

-$52.6B

-$48.2B

-$50.4B

Nonfarm Payrolls

Feb

227K

206K

284K

Unemployment Rate

Feb

8.3%

8.3%

8.3%

Hourly Earnings

Feb

0.1%

0.2%

0.1%

Average Workweek

Feb

34.5

34.5

34.5

Wholesale Inventories

Jan

0.4%

0.6%

1.1%

 

The BLS net birth/death adjustment added 91,000 payrolls to February’s data. Private Payrolls rose 233,000.

 

ISDA declares Greek credit event, CDS payments triggered Reuters

 

All of this week’s other economic reports:

 

Initial Claims - 3/03

362K v. 355K

 

Consumer Credit - January

$17.8B v. $16.3B

 

Productivity - Q4

0.9% v. 0.7%

 

Unit Labor Costs - Q4

2.8% v. 1.2%

 

ADP Employment - February

216K v. 173K

 

ISM Services - February

57.3 b. 56.8

 

Factory Orders - January

-1.0% v. 1.4%

 

Next week’s economic highlights include the Treasury Budget on Monday, Retail Sales, Business Inventories, and a FOMC Rate Decision on Tuesday, Import and Export Prices and the Current Account Balance on Wednesday, Initial Jobless Claims, Empire Manufacturing, PPI, the Philadelphia Fed, and Net Long-Term TIC Flows on Thursday, and CPI, Industrial Production, Capacity Utilization, and Michigan Sentiment on Friday.

 

The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil rose along with the U.S. dollar index on this morning’s better than expected jobs report that sent treasuries lower and the Dow, Nasdaq, and S&P higher.

 

Among the big names making news in the market Friday were Boeing, Starbucks, UPS, Quest Software, and Freddie Mac.

 

GATA Posts:

 

 

Peter Brimelow: Gold bugs digging out, again

Banks shouldn't be both judge and jury on credit defaults

German newspaper faults secrecy around Germany's gold in New York

 

The Statistics:

Activity from: 3/08/2012

Gold Warehouse Stocks:

11,405,980

-34,879

Silver Warehouse Stocks:

130,938,581

+461,506

 

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

1293.676

41,592,971

US$70,154m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities

118.63

3,813,918

US$6,520m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold

126.23

4,058,350

US$6,985m

Australian Stock Exchange (ASX)

Gold Bullion Securities

14.21

472,671

US$782m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

39.75

1,278,132

US$2,160m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 182.36: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,763.25: No change from yesterday’s data.

 

The Miners:

 

Kinross Gold’s (KGC) professorship, Indonesia’s mine deals, and Freeport’s (FCX) redemption of senior notes were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1.  Tanzanian Royalty

TRX +5.02% $4.39

2.  Midway

MDW +5.00% $1.68

3.  Eurasian

EMXX +4.72% $2.62

 

LOSERS

1.  Claude

CGR -5.93% $1.11

2.  Timmins

TGD -4.17% $2.53

3.  Mag Silver

MVG-3.19% $10.03

Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.

       

Please see Yahoo’s Mining/Metals News Wire for all of today’s mining news.

 

- Chris Mullen, Gold Seeker Report

 

- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2012

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

 

 

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions.  The author of this report is not a registered financial advisor.  Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate.  The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.  Past results are not necessarily indicative of future results.  Any statements non-factual in nature constitute only current opinions, which are subject to change.  Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein.  Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.

 


-- Posted Friday, 9 March 2012 | Digg This Article | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2014


© GoldSeek.com, Gold Seek LLC


GoldSeek.com Supports Kiva.org

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.
OilSeek.com