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Gold Seeker Closing Report: Gold and Silver End Slightly Higher
By: Chris Mullen, Gold-Seeker.com


-- Posted Wednesday, 6 February 2013 | | Disqus

 

Close

Gain/Loss

Gold

$1677.50

+$4.50

Silver

$31.83

+$0.04

XAU

152.97

+0.64%

HUI

404.35

+0.63%

GDM

1182.21

+0.56%

JSE Gold

2222.97

-10.21

USD

79.75

+0.20

Euro

135.18

-0.53

Yen

106.95

+0.18

Oil

$96.62

-$0.02

10-Year

1.968%

-0.048

T-Bond

143.53125

+0.78125

Dow

13986.52

+0.05%

Nasdaq

3168.48

-0.10%

S&P

1512.12

+0.05%

 
 

 

The Metals:

 

Gold fell $4.90 to $1668.10 at about 6AM EST, but it then climbed to as high as $1679.50 in New York and ended with a gain of 0.27%.  Silver rose to as high as $31.873 and ended with a gain of 0.13%.

 

Euro gold climbed to almost €1241, platinum gained $27.70 to $1731.80, and copper fell a couple of cents to about $3.75.

 

Gold and silver equities traded mostly slightly higher and ended with modest gains.

 

The Economy:

 

U.S. mortgage applications up 16%: MBA MarketWatch

 

Tomorrow at 8:30AM EST brings Initial Jobless Claims for 2/02 expected at 360,000, fourth quarter Productivity expected at -1.2%, and Unit Labor Costs expected at 2.4%.  At 3PM is Consumer Credit for December expected at $11.9 billion.

 

The Markets:

 

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

 

Oil pared early losses and ended just barely lower after the Energy Information Administration reported that crude inventories rose 2.6 million barrels, gasoline inventories rose 1.7 million barrels, and distillates fell 1.0 million barrels.

 

The U.S. dollar index and treasuries rose on persistent worries about Europe’s debt crisis that held the Dow, Nasdaq, and S&P near unchanged.

 

Among the big names making news in the market today were RBS, Time Warner, Biogen, Shutterfly, and Macy’s.

 

GATA Posts:

 

 

Antal Fekete: China's risk-free bonanza in covered call selling in silver

Why the secrecy around NY Fed transactions involving U.S. government gold?

New York Sun: Virginia in the vanguard

U.S. government justifies drone killings of Americans for little cause

'... and no one knows how much the central bank is buying'

 

The Statistics:

As of close of business: 2/05/2013

Gold Warehouse Stocks:

10,927,196.051

-

Silver Warehouse Stocks:

158,500,152.041

-195,490.72

 

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$71,424m

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

Gold Bullion Securities

140.27

4,509,739

US$7,554m

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

ETFS Physical Gold

156.45

5,030,127

US$8,202m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$601m

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: 220.38: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,420.81: No change from yesterday’s data.

 

The Miners:

 

Seabridge’s (SA) acquired shares in Calico, Randgold’s (GOLD) dividend timetable, and Huldra’s (HDA.V) counterclaim against CRMC Canadian Royal Mining Corp. were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Avino

ASM +6.02% $1.76

2.  Tanzanian Royalty

TRX +4.39% $3.57

3.  Nevsun

NSU +3.20% $4.19

 

LOSERS

1.  Mines MGMT

MGN -6.31% $1.04

2.  Pretivm

PVG -3.46% $10.88

3.  Fortuna

FSM -2.99% $4.55

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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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 Wednesday, 6 February 2013 | Digg This Article | Source: GoldSeek.com

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