-- Posted Tuesday, 29 January 2013 | | Disqus
| Close | Gain/Loss |
Gold | $1662.70 | +$7.80 |
Silver | $31.35 | +$0.49 |
XAU | 151.72 | +1.68% |
HUI | 401.38 | +1.50% |
GDM | 1174.69 | +1.71% |
JSE Gold | 2183.83 | -11.48 |
USD | 79.55 | -0.24 |
Euro | 134.93 | +0.40 |
Yen | 110.22 | -0.05 |
Oil | $97.57 | +$1.13 |
10-Year | 1.988% | +0.014 |
T-Bond | 143.4375 | -0.21875 |
Dow | 13954.42 | +0.52% |
Nasdaq | 3153.66 | -0.02% |
S&P | 1507.84 | +0.51% |
The Metals:
Gold climbed up to $1665.85 at about 9:30AM EST before it pared its gains a bit midday, but it still ended with a gain of 0.47%. Silver soared to as high as $31.47 and ended with a gain of 1.59%.
Euro gold climbed to almost €1233, platinum gained $14 to $1675.50, and copper climbed a couple of cents to about $3.68.
Gold and silver equities rose about 1.5% at the open and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Case-Shiller 20-city Index | Nov | 5.5% | 5.2% | 4.2% |
Consumer Confidence | Jan | 58.6 | 65.1 | 66.7 |
Bernanke Seen Buying $1.14 Trillion in Assets in 2014 Bloomberg
Tomorrow at 8:15AM EST brings ADP Employment for January expected at 175,000. At 8:30 is fourth quarter GDP expected at 1.0% and the Chain Deflator expected at 1.6%, and at 2:15PM is a FOMC Rate Decision.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil climbed over 1% higher on continued tensions in the Middle East.
The U.S. dollar index fell as the euro rose to a 14-month high ahead of tomorrow’s fed meeting that is expected to maintain an ultra-easy monetary policy.
Treasuries turned lower after today’s $35 billion five-year note auction sold at a yield of 0.889% with a bid to cover of 2.88.
The Dow and S&P climbed higher on decent earnings reports while the Nasdaq traded mostly slightly lower on worries about RIM’s launch of BlackBerry 10.
Among the big names making news in the market today were RIM, Wal-Mart, EMC, Boston Scientific, Pfizer, Hostess, Ford, Lilly, AMR, and Chipotle.
GATA Posts:
Yikes! Financial Times makes GATA's case comprehensively
The Statistics:
As of close of business: 1/28/2013
Gold Warehouse Stocks: | 11,004,485.186 | +48,225.00 |
Silver Warehouse Stocks: | 153,369,871.892 | +214,671.362 |
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 | 1328.092 | 42,699,501 | US$70,705m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 160.88 | 5,172,294 | US$8,603m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 157.03 | 5,048,778 | US$8,233m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$597m |
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 1.807 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 220.22: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,443.19: -25.57 change from yesterday’s data.
The Miners:
Sandstorm’s (SAND) acquisition of common shares and warrants of Premier Royalty Inc., SilverCrest’s (SVL.V) updated resources, Avino’s (ASM) assay results, and Silvercorp’s (SVM) share repurchase program were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Tanzanian Royalty | TRX +14.07% $3.73 |
2. First Majestic | AG +6.83% $18.31 |
3. Paramount | PZG +5.58% $2.27 |
LOSERS
1. Northern Dynasty | NAK -2.15% $3.64 |
2. Avino | ASM -1.76% $1.67 |
3. Turquoise | TRQ -0.85% $8.15 |
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 2013
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 Tuesday, 29 January 2013 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Closing Report: Gold Gains and Silver Surges
