-- Posted Monday, 18 March 2013 | | Disqus
| Close | Gain/Loss |
Gold | $1605.30 | +$13.70 |
Silver | $28.89 | +$0.16 |
XAU | 134.77 | +0.23% |
HUI | 353.79 | +0.43% |
GDM | 1039.38 | +0.38% |
JSE Gold | 1940.37 | -12.63 |
USD | 82.67 | +0.45 |
Euro | 129.61 | -1.16 |
Yen | 104.92 | -0.03 |
Oil | $93.74 | +$0.29 |
10-Year | 1.956% | -0.040 |
T-Bond | 143.375 | +1.625 |
Dow | 14452.06 | -0.43% |
Nasdaq | 3237.59 | -0.35% |
S&P | 1552.10 | -0.55% |
The Metals:
Gold jumped up to $1608.58 in early Asian trade before it fell back to $1591.99 in the next few hours of trade, but it then climbed to a new session high of $1611.00 in New York and ended with a gain of 0.86%. Silver surged to as high as $29.045 and ended with a gain of 0.56%.
Euro gold jumped to almost €1242, platinum lost $11.95 to $1573.30, and copper dropped 10 cents to about $3.42.
Gold and silver equities traded mostly slightly higher and ended with modest gains.
The Economy:
Report | For | Reading | Expected | Previous |
NAHB Housing Market Index | Mar | 44 | 48 | 46 |
Tomorrow at 8:30AM EST brings Housing Starts for February expected at 911,000 and Building Permits expected at 925,000.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ended slightly higher in mixed trade.
The U.S. dollar index and treasuries climbed higher as the euro fell markedly on worries about Cyprus that sent the Dow, Nasdaq, and S&P lower.
“Cypriot ministers scrambled to revise a plan to seize money from bank deposits before a parliamentary vote on Tuesday that will either secure the island's financial rescue or threaten its default.
The weekend announcement that Cyprus would impose a tax on bank accounts as part of a 10 billion euro ($13 billion) bailout by the European Union broke with previous practice that depositors' savings were sacrosanct. The euro and stock markets fell on concern the euro zone crisis was reigniting.
Before Tuesday's vote, which is too close to call and would send reverberations across the currency zone if lost, the government was working to soften the blow to smaller savers by tilting more of the tax towards those with deposits greater than 100,000 euros ($130,000).
The decision to target bank accounts stunned Cypriots, and police sealed off parliament in Nicosia as about 400 people staged a noisy protest outside, aggrieved that their small island of one million people should be singled out for such treatment.”
Among the big names making news in the market today were Airbus, Goldman Sachs, J.C. Penney, Charter Communications, BP, Bank of America, Hewlett-Packard, RBC, Hyundai, Apple, and SAC Capital.
GATA Posts:
Is any money safe except gold kept outside the corrupt and busted banking system?
The Statistics:
As of close of business: 3/15/2013
Gold Warehouse Stocks: | 9,736,098.224 | -198.55 |
Silver Warehouse Stocks: | 163,622,652.413 | +34,599.04 |
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 | 1232.996 | 39,642,064 | US$63,233m |
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$7,132m |
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$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 3.311 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 211.63: -1.90 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,733.66: +30.06 change from yesterday’s data.
The Miners:
Gold Resource’s (GORO) production results, Banro’s (BAA) filed technical report, McEwen’s (MUX) mineral resource and reserve estimates, Vista Gold’s (VGZ) updated mineral resource estimate, Gold Fields’ (GFI) appointment of three new senior executives, Orko’s (OK.V) meeting materials, and Aurizon’s (AZK) reiterated rejection of Alamos Gold’s (AGI) offer were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Revett | RVM +5.71% $2.22 |
2. McEwen | MUX +2.18% $2.81 |
3. First Majestic | AG +2.08% $16.66 |
LOSERS
1. Golden Minerals | AUMN-6.92% $2.69 |
2. Solitario | XPL -5.19% $1.46 |
3. Comstock | LODE -4.02% $1.91 |
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 Monday, 18 March 2013 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Almost 1%
