-- Posted Tuesday, 12 March 2013 | | Disqus
| Close | Gain/Loss |
Gold | $1593.30 | +$12.20 |
Silver | $29.15 | +$0.17 |
XAU | 136.28 | +2.50% |
HUI | 357.34 | +2.26% |
GDM | 1051.08 | +2.49% |
JSE Gold | 1950.97 | +29.11 |
USD | 82.57 | -0.03 |
Euro | 130.34 | -0.11 |
Yen | 104.19 | +0.33 |
Oil | $92.54 | +$0.48 |
10-Year | 2.023% | -0.033 |
T-Bond | 143.09375 | +0.65625 |
Dow | 14450.06 | +0.02% |
Nasdaq | 3242.32 | -0.32% |
S&P | 1552.48 | -0.24% |
The Metals:
Gold held near unchanged in Asia, but it then jumped higher at about 7AM EST and ended near its late morning New York high of $1598.21 with a gain of 0.77%. Silver surged to as high as $29.35 and ended with a gain of 0.59%.
Euro gold rose to almost €1223, platinum lost $10.70 to $1591.30, and copper climbed 4 cents to about $3.54.
Gold and silver equities rose over 2% in the first hour of trade and remained near that level for the rest of the day.
The Economy:
GOP budget takes aim again at Obamacare, Medicaid Yahoo
Job Openings Increase as U.S. Labor Market Improves Bloomberg
Small business confidence, capital spending plans rise Reuters
Tomorrow brings Retail Sales, Import and Export Prices, Business Inventories, and the Treasury Budget.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose for a fourth straight session on steady demand figures.
The U.S. dollar index ended slightly lower after the yen bounced higher on minutes from the Bank of Japan’s latest meeting.
Treasuries found decent gains as the Dow, Nasdaq, and S&P traded mostly slightly lower on worries about whether or not the recent rally can continue.
Among the big names making news in the market today were AIG, Apple, VeriFone, GM, and Cabela’s.
The Statistics:
As of close of business: 3/11/2013
Gold Warehouse Stocks: | 9,788,073.315 | -75,685.392 |
Silver Warehouse Stocks: | 162,061,751.665 | -162,359.98 |
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 | 1236.729 | 39,762,084 | US$62,749m |
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$7,076m |
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$572m |
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: 213.49: -0.22 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,646.48: No change from yesterday’s data.
The Miners:
Paramount’s (PZG) drill results, Nevsun’s (NSU) index change, Midway’s (MDW) year end results, Alamos Gold’s (AGI) application to remove the second Aurizon poison pill and prevent payment of the improper break fee to Hecla, Rubicon’s (RBY) consent to the request of Wabauskang First Nation, and Endeavour Silver’s (EWK) record earnings were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Endeavour Silver | EXK +12.46% $6.50 |
2. Rubicon | RBY +11.96% $2.34 |
3. Northern Dynasty | NAK +10.39% $3.40 |
LOSERS
1. Avino | ASM -3.61% $1.60 |
2. ITH | THM -1.41% $1.40 |
3. Solitario | XPL -1.38% $1.53 |
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 Tuesday, 12 March 2013 | Digg This Article | Source: GoldSeek.com