-- Posted Thursday, 14 February 2013 | | Disqus
| Close | Gain/Loss |
Gold | $1635.60 | -$7.40 |
Silver | $30.45 | -$0.32 |
XAU | 148.82 | +0.32% |
HUI | 393.43 | +0.69% |
GDM | 1151.72 | +0.51% |
JSE Gold | 2225.87 | -15.13 |
USD | 80.39 | +0.28 |
Euro | 133.55 | -0.94 |
Yen | 107.73 | +0.46 |
Oil | $97.31 | +$0.30 |
10-Year | 2.000% | -0.019 |
T-Bond | 143.50 | +0.875 |
Dow | 13973.39 | -0.07% |
Nasdaq | 3198.65 | +0.06% |
S&P | 1521.38 | +0.07% |
The Metals:
Gold climbed $6.78 to $1649.78 in London before it fell back to as low as $1632.82 by early afternoon in New York, but it then bounced back higher in the last couple of hours of trade and ended with a loss of just 0.45%. Silver edged up to $31.06 at about 8AM EST before it fell to as low as $30.22 and then also rallied back higher, but it still ended with a loss of 1.04%.
Euro gold climbed to over €1224, platinum lost $11.50 to $1706, and copper remained at about $3.72.
Gold and silver equities climbed over 1% higher in the first hour of trade before they fell back off a bit, but they still ended with modest gains on the day.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 2/09 | 341K | 365K | 368K |
Tomorrow brings Empire Manufacturing, Net Long-Term TIC Flows, Industrial Production, Capacity Utilization and Michigan Sentiment.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil found slight gains on worries about Iran after United Nations nuclear inspectors failed to reach an agreement that would allow access to alleged atomic facilities.
The U.S. dollar index and treasuries rose as the euro fell on poor economic data out of Germany that sent the Dow, Nasdaq, and S&P lower at the open, but better than expected jobs data and various deal news in the US brought stocks back near unchanged by midmorning and the major indices ended mixed on the day.
Among the big names making news in the market today were Merck, AMC Network, Berkshire, 3G Capital, Heinz, US Airways, AMR, Constellation Brands, GM, and PepsiCo.
GATA Posts:
But just how is the 'strong dollar' policy implemented, except by suppressing gold?
Gold council sees central bank bullion buying at 48-year high
The Statistics:
As of close of business: 2/13/2013
Gold Warehouse Stocks: | 10,935,361.751 | -237.317 |
Silver Warehouse Stocks: | 160,593,896.074 | +1,031,081.562 |
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 | 1325.985 | 42,631,745 | US$70,090m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 139.56 | 4,487,100 | US$7,389m |
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 | 4,983,717 | US$8,127m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$591m |
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 subtracted 0.903 tonnes.
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:
Kinross Gold’s (KGC) writedown and quarterly results, Timberline’s (TLR) first quarter results, Turquoise Hill’s (TRQ) project update, Barrick’s (ABX) fourth quarter results, Gold Fields’ (GFI) quarterly results, Agnico-Eagle’s (AEM) fourth quarter results, First Majestic’s (AG) consideration of Coeur’s (CDE) offer to acquire Orko Silver (OK.V), Silvercorp’s (SVM) dividend, and Golden Minerals’ (AUMN) sale of most of its exploration properties were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Kinross | KGC +5.58% $8.33 |
2. Tanzanian Royalty | TRX +4.62% $3.40 |
3. Mag Silver | MVG +3.90% $10.66 |
LOSERS
1. Solitario | XPL -4.09% $1.64 |
2. Mines MGMT | MGN -3.70% $1.04 |
3. Banro | BAA -3.41% $2.55 |
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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-- Posted Thursday, 14 February 2013 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Slightly
