-- Posted Wednesday, 16 January 2013 | | Disqus
| Close | Gain/Loss |
Gold | $1679.90 | +$1.00 |
Silver | $31.47 | +$0.08 |
XAU | 162.43 | -0.67% |
HUI | 431.03 | -0.78% |
GDM | 1258.94 | -0.66% |
JSE Gold | 2257.63 | +11.90 |
USD | 79.79 | +0.02 |
Euro | 132.88 | -0.19 |
Yen | 113.06 | +0.44 |
Oil | $94.24 | +$0.96 |
10-Year | 1.824% | -0.007 |
T-Bond | 146.09375 | +0.125 |
Dow | 13511.23 | -0.17% |
Nasdaq | 3117.54 | +0.22% |
S&P | 1472.63 | +0.02% |
The Metals:
Gold climbed $5.86 to $1684.76 in Asia before it fell back to $1673.59 at about 8AM EST, but it then rallied back higher in New York and ended with a gain of 0.06%. Silver rose to $31.46 in Asia before it fell back to $31.07 in London, but it then climbed to as high as $31.551 in New York and ended with a gain of 0.25%.
Euro gold rose to about €1265, platinum gained $5.47 to $1683.67, and copper fell a few cents to about $3.62.
Gold and silver equities traded about 1% lower for most of the morning before they rallied back higher in afternoon trade, but they still ended with modest losses on the day.
The Economy:
Report | For | Reading | Expected | Previous |
CPI | Dec | 0.0% | 0.0% | -0.3% |
Core CPI | Dec | 0.1% | 0.1% | 0.1% |
Net Long-Term TIC Flows | Nov | $52.3B | - | -$1.0B |
Industrial Production | Dec | 0.3% | 0.2% | 1.0% |
Capacity Utilization | Dec | 78.8% | 78.5% | 78.7% |
NAHB Housing Market Index | Jan | 47 | 48 | 47 |
The fed's Beige Book said that: “The U.S. economy picked up across much of the country last month, boosted by auto and home sales, even as the outlook for unemployment showed few signs of improvement.”
Tomorrow brings Initial Jobless Claims, Housing Starts, Building Permits, and the Philadelphia Fed.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil jumped higher after the Energy Information Administration reported that crude inventories surprisingly fell 1 million barrels, gasoline inventories rose 1.9 million barrels, and distillates rose 1.7 million barrels.
The U.S. dollar index ended slightly higher as the euro fell after some poor economic data in Europe.
Treasuries advanced for a fourth day as the Dow, Nasdaq, and S&P traded mixed on varied earnings reports.
Among the big names making news in the market today were Facebook, Boeing, Goldman Sachs, Morgan Stanley, Legg Mason, and JPMorgan.
GATA Posts:
Turd Ferguson: German gold hijnx
The Statistics:
As of close of business: 1/15/2013
Gold Warehouse Stocks: | 10,906,993.966 | +2,989.55 |
Silver Warehouse Stocks: | 152,260,752.038 | +1,755,430.641 |
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 | 1336.825 | 42,980,266 | US$72,211m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 138.43 | 4,450,808 | US$7,477m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 158.17 | 5,085,180 | US$8,292m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$603m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 42.45 | 1,364,715 | US$2,214m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 0.904 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 219.04: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,163.36: +30.08 change from yesterday’s data.
The Miners:
Allied Nevada’s (ANV) metallurgical test work, Golden Star’s (GSS) drill results, Seabridge’s (SA) drill results, Silver Standard’s (SSRI) completed offering, Great Panther’s (GPL) fourth quarter results, and SilverCrest’s (SVL.V) fourth quarter results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Revett | RVM +4.76% $2.64 |
2. Mines MGMT | MGN +3.42% $1.21 |
3. Rubicon | RBY +2.44% $2.52 |
LOSERS
1. Comstock | LODE -6.25% $1.80 |
2. ITH | THM -6.10% $2.31 |
3. Midway | MDW -5.48% $1.38 |
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
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© Gold Seeker 2013
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-- Posted Wednesday, 16 January 2013 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Higher
