-- Posted Friday, 8 February 2013 | | Disqus
| Close | Gain/Loss | On Week |
Gold | $1668.60 | -$3.20 | +0.05% |
Silver | $31.46 | UNCH | -1.13% |
XAU | 152.43 | -0.52% | +0.33% |
HUI | 403.20 | -0.50% | +0.80% |
GDM | 1178.41 | -0.54% | +0.43% |
JSE Gold | 2228.28 | +13.62 | +2.01% |
USD | 80.23 | +0.03 | +1.34% |
Euro | 133.64 | -0.29 | -2.12% |
Yen | 107.82 | +1.08 | +0.04% |
Oil | $95.72 | -$0.11 | -2.10% |
10-Year | 1.954% | +0.003 | -2.79% |
Bond | 143.6875 | -0.09375 | +0.59% |
Dow | 13992.97 | +0.35% | -0.12% |
Nasdaq | 3193.87 | +0.91% | +0.46% |
S&P | 1517.93 | +0.57% | +0.31% |
The Metals:
Gold edged up to $1673.53 in Asia before it fell back to as low as $1665.14 in early New York trade, but it then bounced back higher at times and ended with a loss of just 0.19%. Silver slipped to $31.314 in early New York trade, but it then rose to as high as $31.68 at about 10:40AM EST and ended unchanged on the day.
Euro gold remained at about €1248, platinum lost $3.30 to $1712.50, and copper climbed a few cents to about $3.76.
Gold and silver equities traded mostly slightly lower and ended with modest losses.
The Economy:
Report | For | Reading | Expected | Previous |
Trade Balance | Dec | -$38.5B | -$45.4B | -$48.7B |
Wholesale Inventories | Dec | -0.1% | 0.3% | 0.4% |
All of this week’s other economic reports:
Economic data points to growth in fourth-quarter GDP Reuters
Next week’s economic highlights include the Treasury Budget on Tuesday, Retail Sales, Export and Import Prices, and Business Inventories on Wednesday, Initial Jobless Claims on Thursday, and Empire Manufacturing, Net Long-Term TIC Flows, Industrial Production, Capacity Utilization and Michigan Sentiment on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ended slightly lower as the U.S. dollar index erased early losses and closed modestly higher after the euro dropped on continued reaction to yesterday’s ECB press conference. The yen rose on comments from Japanese Finance Minister Taro Aso who said that the pace of the yen’s recent slide has been too rapid.
Treasuries saw slight losses as the Dow, Nasdaq, and S&P found modest gains on decent earnings reports and economic data.
Among the big names making news in the market Friday were Boeing, Moody’s, McDonald’s, Time, and LinkedIn.
GATA Posts:
This story shall the good man teach his son
The Statistics:
Activity from: 2/07/2013
Gold Warehouse Stocks: | 10,933,849.827 | +3,374.476 |
Silver Warehouse Stocks: | 158,366,277.128 | +975,070.747 |
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 | 1329.899 | 42,757,580 | US$71,285m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 140.42 | 4,514,656 | US$7,542m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 155.82 | 5,009,845 | US$8,169m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$599m |
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 added 1.807 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 220.70: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,446.38: +25.57 change from yesterday’s data.
The Miners:
Aurizon’s (AZK) Shareholder Rights Plan and Newcrest’s (NM.TO, NCM.AU) first-half profit and Mineral Resource and Ore Reserve estimates were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Mines MGMT | MGN +4.67% $1.12 |
2. Northern Dynasty | NAK +3.33% $3.72 |
3. McEwen | MUX +2.28% $3.14 |
LOSERS
1. Avino | ASM -6.21% $1.66 |
2. Tanzanian Royalty | TRX -5.00% $3.42 |
3. Solitario | XPL -3.51% $1.65 |
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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-- Posted Friday, 8 February 2013 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver End Mixed on the Week
