-- Posted Friday, 8 March 2013 | | Disqus
| Close | Gain/Loss | On Week |
Gold | $1578.10 | +$0.40 | +0.16% |
Silver | $28.95 | $+0.09 | +1.33% |
XAU | 133.29 | +0.52% | UNCH |
HUI | 350.29 | +0.11% | -0.42% |
GDM | 1029.32 | +0.30% | -0.33% |
JSE Gold | 1900.13 | -24.55 | +0.61% |
USD | 82.76 | +0.66 | +0.57% |
Euro | 130.00 | -1.07 | -0.17% |
Yen | 104.10 | -1.39 | -2.61% |
Oil | $91.95 | +$0.39 | +1.40% |
10-Year | 2.056% | +0.065 | +10.96% |
Bond | 142.46875 | -1.00 | -2.38% |
Dow | 14397.07 | +0.47% | +2.18% |
Nasdaq | 3244.36 | +0.38% | +2.35% |
S&P | 1551.18 | +0.45% | +2.17% |
The Metals:
Gold edged up to $1582.40 at about 4AM EST before it plummeted down to $1561.50 after this morning’s jobs report was released, but it then climbed to a new session high of $1583.26 in the next hour and a half of trade and ended with a gain of 0.03%. Silver slipped to as low as $28.341 before it also rallied back higher and ended near its midmorning high of $29.251 with a gain of 0.31%.
Euro gold rose to about €1214, platinum gained $11.75 to $1601.50, and copper remained at about $3.51.
Gold and silver equities fell over 1% at the open, but they quickly recovered back to about unchanged and ended with slight gains.
The Economy:
Report | For | Reading | Expected | Previous |
Nonfarm Payrolls | Feb | 236K | 165K | 119K |
Unemployment Rate | Feb | 7.7% | 7.9% | 7.9% |
Hourly Earnings | Feb | 0.2% | 0.2% | 0.1% |
Average Workweek | Feb | 34.5 | 34.4 | 34.4 |
Wholesale Inventories | Mar | 1.2% | 0.2% | 0.1% |
The BLS net birth/death adjustment added 102,000 payrolls to February’s data. Private Payrolls rose 246,000.
All of this week’s other economic reports:
Next week’s economic highlights include the Treasury Budget on Tuesday, Retail Sales, Import and Export Prices, and Business Inventories on Wednesday, Initial Jobless Claims, PPI, and the Current Account Balance on Thursday, and CPI, 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 rose along with the U.S. dollar index on this morning’s better than expected jobs report.
Treasuries fell as the Dow, Nasdaq, and S&P traded mostly slightly higher on optimism about the labor market.
Among the big names making news in the market Friday were ThyssenKrupp, BMW, and J.C. Penney.
GATA Posts:
Encouragement from Peter Grandich, and a hunch
The Statistics:
Activity from: 3/07/2013
Gold Warehouse Stocks: | 9,959,072.817 | -139,752.925 |
Silver Warehouse Stocks: | 162,587,958.561 | -353,754.45 |
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 | 1243.050 | 39,965,286 | US$63,093m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 138.13 | 4,441,056 | US$7,002m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 152.66 | 4,908,200 | US$8,004m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$565m |
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 1.805 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 214.21: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,646.48: No change from yesterday’s data.
The Miners:
Goldcorp’s (GG) gold focus, Kirkland’s (KGI.TO) convertible unsecured subordinated debentures, and Revett’s (RVM) mine update were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Midway | MDW +18.52% $1.28 |
2. Banro | BAA +11.24% $1.88 |
3. Vista Gold | VGZ +6.37% $2.17 |
LOSERS
1. Pretivm | PVG -4.19% $7.77 |
2. Golden Star | GSS -3.85% $1.50 |
3. Exeter | XRA -2.50% $1.17 |
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 March 2013 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver End Slightly Higher on the Week
