LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

GoldSeek.com to Launch New Website
By: GoldSeek.com

Is Gold Price Action Warning Of Imminent Monetary Collapse Part 2?
By: Hubert Moolman

Gold and Silver Are Just Getting Started
By: Frank Holmes, US Funds

Silver Makes High Wave Candle at Target – Here’s What to Expect…
By: Clive Maund

Gold Blows Through Upside Resistance - The Chase Is On
By: Avi Gilburt

U.S. Mint To Reduce Gold & Silver Eagle Production Over The Next 12-18 Months
By: Steve St. Angelo, SRSrocco Report

Gold's sharp rise throws Financial Times into an erroneous sulk
By: Chris Powell, GATA

Precious Metals Update Video: Gold's unusual strength
By: Ira Epstein

Asian Metals Market Update: July-29-2020
By: Chintan Karnani, Insignia Consultants

Gold's rise is a 'mystery' because journalism always fails to pursue it
By: Chris Powell, GATA

 
Search

GoldSeek Web

 
Gold Seeker Closing Report: Gold and Silver Fall With Oil
By: Chris Mullen, Gold-Seeker.com


-- Posted Wednesday, 13 February 2013 | | Disqus

 

Close

Gain/Loss

Gold

$1643.00

-$8.50

Silver

$30.77

-$0.34

XAU

148.35

-1.51%

HUI

390.72

-1.93%

GDM

1145.91

-1.58%

JSE Gold

2241.00

+27.51

USD

80.11

+0.02

Euro

134.48

-0.06

Yen

106.98

-0.01

Oil

$97.01

-$0.50

10-Year

2.019%

+0.037

T-Bond

142.59375

-0.65625

Dow

13982.91

-0.26%

Nasdaq

3196.87

+0.33%

S&P

1520.33

+0.06%

 
 

 

The Metals:

 

Gold fell $6.13 to $1645.37 in London before it jumped up to $1653.43 in early New York trade, but it then drifted back lower for most of the rest of the day and ended near its late session low of $1640.20 with a loss of 0.51%.  Silver slipped to as low as $30.72 and ended with a loss of 1.09%.

 

Euro gold fell to about €1222, platinum gained $2 to $1717.50, and copper remained at about $3.72.

 

Gold and silver equities fell throughout most of trade and ended with about 1.5% losses.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Retail Sales

Jan

0.1%

0.1%

0.5%

Retail Sales ex-auto

Jan

0.2%

0.1%

0.3%

Import Prices

Jan

0.6%

-

-0.5%

Import Prices ex-oil

Jan

0.2%

-

-0.1%

Export Prices

Jan

0.3%

-

-0.1%

Export Prices ex-ag.

Jan

0.5%

-

-0.2%

Business Inventories

Dec

0.1%

0.3%

0.2%

 

Tomorrow at 8:30AM EST brings Initial Jobless Claims for 2/09 expected at 365,000.

 

The Markets:

 

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

 

Oil turned lower after the Energy Information Administration reported that crude inventories rose 600,000 barrels, gasoline inventories fell 800,000 barrels, and distillates fell 3.7 million barrels.

 

The U.S. dollar index traded mixed on uncertainty about this week’s G20 meeting.

 

Treasuries fell after today’s $24 billion 10 year note auction sold at a yield of 2.046% with a bid to cover of 2.68.

 

The Dow, Nasdaq, and S&P waffled near unchanged on mixed earnings and economic reports.

 

Among the big names making news in the market today were GE, Getco, Morgan Stanley, Deere, and Yahoo.

 

The Statistics:

As of close of business: 2/12/2013

Gold Warehouse Stocks:

10,935,599.068

+65,119.047

Silver Warehouse Stocks:

159,562,814.512

+800,029.671

 

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

1326.888

42,660,782

US$70,245m

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

Gold Bullion Securities

139.56

4,487,151

US$7,385m

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

ETFS Physical Gold

155.01

4,983,771

US$8,127m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$590m

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: 221.12: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,494.50: No change from yesterday’s data.

 

The Miners:

 

Barrick’s (ABX) dividend, Orko Silver’s (OK.V) superior proposal from Coeur (CDE), Gold Fields’ (GFI) chairwoman resignation, African Barrick’s (ABG.L) fourth-quarter loss, Aurcana’s (AUN.V) proposed share consolidation, Turquoise Hill’s (TRQ) agreement with Sumeru Gold BV for the sale of the company's 50% interest in Altynalmas Gold Ltd, Coeur’s (CDE) offer to repurchase all of its outstanding 3.25% Convertible Senior Notes, Yamana’s (AUY) project update, Endeavour Silver’s (EXK) sustainability review and outlook, McEwen’s (MUX) resumed mine operations, and Golden Minerals’ (AUMN) 2013 operating plan were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Golden Minerals

AUMN +4.06% $3.33

2.  Banro

BAA +1.93% $2.64

3.  First Majestic

AG +1.17% $18.12

 

LOSERS

1.  Coeur

CDE -10.34% $21.06

2.  Tanzanian Royalty

TRX -7.14% $3.25

3.  Vista Gold

VGZ -6.52% $2.15

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 Wednesday, 13 February 2013 | Digg This Article | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2019



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.