• Gold: 1,321.24 0.10
  • Silver: 15.75 -0.04
  • Euro: 1.129 -0.001
  • USDX: 96.916 -0.062
  • Oil: 55.9 1.39

March 12: Gold and Silver Gain Almost 1%

Chris Mullen
|
Tuesday, March 12th
 

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

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© Gold Seeker 2013

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