• Gold: 1,511.49 -2.75
  • Silver: 17.11 -0.00
  • Euro: 1.109 -0.000
  • USDX: 98.142 -0.094
  • Oil: 54.91 0.14

February 12: Gold and Silver End Slightly Higher

Chris Mullen
|
Tuesday, February 12th
 

Close

Gain/Loss

Gold

$1651.50

+$1.80

Silver

$31.11

+$0.13

XAU

150.62

+0.87%

HUI

398.42

+0.72%

GDM

1164.34

+0.85%

JSE Gold

2213.49

+15.14

USD

80.09

-0.22

Euro

134.53

+0.49

Yen

106.93

+0.96

Oil

$97.51

+$0.48

10-Year

1.982%

+0.036

T-Bond

143.375

-0.50

Dow

14018.70

+0.34%

Nasdaq

3186.49

-0.17%

S&P

1519.43

+0.16%

 
 

The Metals:

 

Gold dropped $10.51 to $1639.19 by a little after 5AM EST, but it then rose to as high as $1653.30 in New York and ended with a gain of 0.11%. Silver slipped to $30.57 in London, but it then climbed to as high as $31.128 and ended with a gain of 0.42%.

 

Euro gold fell to about €1228, platinum jumped $29.25 to $1715.50, and copper remained at about $3.72.

 

Gold and silver equities traded mostly slightly higher and ended with modest gains.

The Economy:

 

Report

For

Reading

Expected

Previous

Treasury Budget

Jan

$2.88B

-$2.0B

-$27.4B

 

Tomorrow brings Retail Sales, Export and Import Prices, and Business Inventories.

 

The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil rose and the U.S. dollar index fell as the yen jumped higher after a G-7 official said the group is concerned about excess moves in the currency.

 

Treasuries fell as the Dow and S&P traded mostly higher on decent earnings reports.

 

Among the big names making news in the market today were Avon, Michael Kors, Barclays, Nasdaq, McGraw-Hill, Cnooc, Wal-Mart, and Apple.

 

GATA Posts:

 

 

G7 nations pledge to coordinate their currency market rigging

U.S. gold is being exported to Asia, especially Hong Kong

New York Sun: The state of the dollar

 

The Statistics:

As of close of business: 2/11/2013

Gold Warehouse Stocks:

10,870,480.021

-

Silver Warehouse Stocks:

158,762,784.841

+649,348.275

 

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

1326.888

42,660,782

US$70,437m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities

139.57

4,487,202

US$7,396m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold

155.73

5,006,795

US$8,164m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$592m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

42.45

1,364,715

US$2,214m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 221.12: +0.42 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,494.50: No change from yesterday’s data.

 

The Miners:

 

McEwen’s (MUX) mine update, Aurizon’s (AZK) shareholder rights plan, NovaGold’s (NG) fourth quarter and year-end financial results, DRDGOLD’s (DRD) dividend, Aurcana’s (AUN.V) new board member, and Avino’s (ASM) January production results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. Tanzanian Royalty

TRX +4.48% $3.50

2. Revett

RVM +4.31% $2.18

3. Vista Gold

VGZ +4.07% $2.30

LOSERS

1. Golden Minerals

AUMN -4.76% $3.20

2. McEwen

MUX -4.70% $2.84

3. Exeter

XRA -3.94% $1.22

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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