-- Posted Monday, 4 February 2013 | | Disqus
| Close | Gain/Loss |
Gold | $1673.50 | +$5.70 |
Silver | $31.71 | -$0.11 |
XAU | 152.05 | +0.08% |
HUI | 402.44 | +0.61% |
GDM | 1177.07 | +0.32% |
JSE Gold | 2248.20 | +63.73 |
USD | 79.57 | +0.40 |
Euro | 135.17 | -1.24 |
Yen | 108.31 | +0.52 |
Oil | $96.17 | -$1.60 |
10-Year | 1.973% | -0.037 |
T-Bond | 143.46875 | +0.625 |
Dow | 13880.08 | -0.93% |
Nasdaq | 3131.17 | -1.51% |
S&P | 1495.71 | -1.15% |
The Metals:
Gold rose $5.10 to $1672.90 in Asia before it fell to see a $6.45 loss at $1661.35 at about 9AM EST, but it then rose to as high as $1677.41 by midday in New York and ended with a gain of 0.34%. Silver edged up to $31.86 in Asia before it fell back to $31.38 and then rose to as high as $31.91, but it then fell back off a bit in afternoon trade and ended with a loss of 0.35%.
Euro gold climbed to over €1238, platinum gained $10.50 to $1695.50, and copper fell slightly to about $3.77.
Gold and silver equities traded mostly slightly higher and ended with modest gains.
The Economy:
Report | For | Reading | Expected | Previous |
Factory Orders | Dec | 1.8% | 2.4% | -0.3% |
Tomorrow at 10AM EST brings ISM Services for January expected at 55.6.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell as the U.S. dollar index and treasuries rose on renewed worries about Europe that sent the Dow, Nasdaq, and S&P lower.
Euro Tremors Risk Market Respite on Spain-Italy, Banks Bloomberg
Among the big names making news in the market today were Humana, Oracle, United Technologies, and Herbalife.
GATA Posts:
Alasdair Macleod: Why price inflation will take off
Liam Halligan: Falling yen set to spark renewed currency wars
With no one selling, European central banks seen letting gold sales limits expire
David Ceresne: Watch out when physical market for gold and silver detaches from paper
Reserve Bank of India devising products for turning gold into paper
The Statistics:
As of close of business: 2/01/2013
Gold Warehouse Stocks: | 10,936,898.949 | -3,086.27 |
Silver Warehouse Stocks: | 157,549,419.841 | +421,603.472 |
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$71,235m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 139.90 | 4,498,073 | US$7,504m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 157.21 | 5,054,454 | US$8,242m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$598m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 42.45 | 1,364,715 | US$2,214m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 220.65: +0.30 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,425.14: +46.62 change from yesterday’s data.
The Miners:
Goldcorp’s (GG) dividend, Claude’s (CGR) completed shaft extension project, Paramount’s (PZG) Preliminary Economic Assessment, Seabridge’s (SA) donation, Harmony’s (HMY) first-half profit, Randgold’s (GOLD) output target, and Fortuna’s (FSM) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Harmony | HMY+7.47% $7.05 |
2. ITH | THM+3.74% $2.22 |
3. Banro | BAA+3.07% $2.69 |
LOSERS
1. Nevsun | NSU -4.32% $3.99 |
2. Golden Minerals | AUMN -4.30% $3.34 |
3. Tanzanian Royalty | TRX -3.93% $3.42 |
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 Monday, 4 February 2013 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Mixed While Stocks Drop
