-- 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
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© Gold Seeker 2013
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-- Posted Wednesday, 13 February 2013 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall With Oil
