-- Posted Friday, 15 February 2013 | | Disqus
Please Note: U.S. and Canadian stock markets are closed on Monday for various holidays.
| Close | Gain/Loss | On Week |
Gold | $1608.90 | -$36.70 | -3.58% |
Silver | $29.80 | -$0.65 | -5.28% |
XAU | 143.90 | -3.31% | -5.60% |
HUI | 379.21 | -3.61% | -5.95% |
GDM | 1110.92 | -3.54% | -5.73% |
JSE Gold | 2118.38 | -107.49 | -4.93% |
USD | 80.47 | +0.08 | +0.30% |
Euro | 133.62 | -0.03 | -0.01% |
Yen | 106.91 | -0.70 | -0.84% |
Oil | $95.86 | -$1.45 | +0.15% |
10-Year | 2.007% | +0.007 | +2.71% |
Bond | 143.34375 | -0.125 | -0.24% |
Dow | 13981.76 | +0.06% | -0.08% |
Nasdaq | 3192.03 | -0.21% | -0.06% |
S&P | 1519.79 | -0.10% | +0.12% |
The Metals:
Gold fell all of the way to $1598.59 by late morning in New York before it bounced back higher midday, but it still ended with a loss of 1.63%. Silver slid to as low as $29.681 and ended with a loss of 2.13%.
Euro gold fell to about €1204, platinum lost $30 to $1676, and copper edged up to $3.74.
Gold and silver equities fell over 3% in the first hour of trade and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Empire Manufacturing | Feb | 10.0 | 0.0 | -7.8 |
Net Long-Term TIC Flows | Dec | $64.2B | - | $52.4B |
Industrial Production | Jan | -0.1% | 0.2% | 0.4% |
Capacity Utilization | Jan | 79.1% | 78.9% | 79.3% |
Michigan Sentiment | Feb | 76.3 | 73.5 | 73.8 |
Bernanke Says Economy Far From Recovering Full Strength Bloomberg
All of this week’s other economic reports:
Next week’s economic highlights include the NAHB Housing Market Index on Tuesday, Housing Starts, Building Permits, PPI, and FOMC Minutes on Wednesday, and Initial Jobless Claims, CPI, Existing Home Sales, the Philadelphia Fed, and Leading Economic Indicators on Thursday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil dropped on concerns about weak fuel demand.
The U.S. dollar index found slight gains as the yen fell after a Group of 20 official said the latest draft of the nations’ statement doesn’t echo the Group of Seven view that exchange rates shouldn’t be a target of policy.
Treasuries fell on decent economic data that sent the Dow, Nasdaq, and S&P modestly higher at times, but stocks then fell back off in the last couple of hours of trade and ended mixed on news that Wal-Mart’s sales dropped sharply at the start of the year.
Among the big names making news in the market Friday were Wal-Mart, SAC, Herbalife, Zynga, Electronic Arts, and Under Armour.
GATA Posts:
New U.S. sanction killing Iran-Turkey gold trade, bankers tell Reuters
The Statistics:
Activity from: 2/14/2013
Gold Warehouse Stocks: | 10,819,794.343 | -115,567.408 |
Silver Warehouse Stocks: | 160,242,898.324 | -350,997.75 |
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 | 1322.975 | 42,534,954 | US$68,536m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 139.22 | 4,476,186 | US$7,196m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 154.87 | 4,979,223 | US$8,119m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$576m |
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 3.01 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 221.12: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,521.57: +27.07 change from yesterday’s data.
The Miners:
Aurizon’s (AZK) drill results and Barrick’s (ABX) write-down were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Tanzanian Royalty | TRX +4.71% $3.56 |
2. Solitario | XPL +3.66% $1.70 |
3. Comstock | LODE +2.09% $1.95 |
LOSERS
1. Almaden | AAU -9.13% $2.19 |
2. Sandstorm | SAND-8.39% $10.86 |
3. Pretivm | PVG -8.06% $8.90 |
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, 15 February 2013 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall About 4% and 5% on the Week
