• Gold: 1,339.42 -0.60
  • Silver: 14.84 -0.01
  • Euro: 1.122 0.001
  • USDX: 97.558 0.072
  • Oil: 52.1 -0.47

Gold Seeker Closing Report: Gold and Silver End Mixed

|
February 6, 2012 - 5:23pm

 

 

Close

Gain/Loss

Gold

$1720.20

-$5.30

Silver

$33.63

+$0.01

XAU

200.36

+0.01%

HUI

540.57

-0.16%

GDM

1561.29

-0.25%

JSE Gold

2908.19

+35.23

USD

79.03

+0.07

Euro

131.31

-0.24

Yen

130.59

+0.03

Oil

$96.91

-$0.93

10-Year

1.901%

-0.048

T-Bond

143.28125

+0.875

Dow

12845.13

-0.13%

Nasdaq

2901.99

-0.13%

S&P

1344.33

-0.04%

 

The Metals:

 

Gold fell to as low as $1711.97 by about 8:30AM EST before it rebounded in New York, but it still ended with a loss of 0.31%.Silver slipped to as low as $33.003 in London, but it then climbed to as high as $33.824 in New York and ended with a gain of 0.03%.

 

Euro gold fell to about €1311, platinum gained $4 to $1621.50, and copper fell 4 cents to about $3.86.

 

Gold and silver equities waffled near unchanged and ended mixed.

 

The Economy:

 

There were no major economic reports today.Tomorrow at 3PM EST brings Consumer Credit for December expected at $8.5 billion.

 

The Markets:

 

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

 

Oil fell as the U.S. dollar index and treasuries rose on continued concern about Greece that sent the Dow, Nasdaq, and S&P lower.

 

Greeks delay bailout talks as Merkel demands action Reuters

 

Among the big names making news in the market today were HCA, Verizon, Boeing, Humana, USG, and Goldman Sachs.

 

GATA Posts:

 

Murray Pollitt's final commentary: Money mountain

Alasdair Macleod: The fallacy of economic growth

'Confiscation' page added to GATA's Internet site

Lars Schall: No more gold answers from Volcker

 

The Statistics:

Activity from: 2/03/2012

Gold Warehouse Stocks:

11,366,441

-157,445

Silver Warehouse Stocks:

130,895,960

+33,801

 

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

1277.135

41,061,167

US$70,554m

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

Gold Bullion Securities

115.35

3,708,632

US$6,384m

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

ETFS Physical Gold

126.23

4,058,350

US$6,985m

Australian Stock Exchange (ASX)

Gold Bullion Securities

14.21

472,842

US$787m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

40.37

1,298,036

US$2,251m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 177.68: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,649.15: +27.21 change from yesterday’s data.

 

The Miners:

 

Tanzanian Royalty’s (TRX) assay results, Golden Star’s (GSS) drill results, Goldcorp’s (GG) dividend, SEMAFO’s (SMF.TO) exploration budget, Allied Nevada’s (ANV) equipment orders, Great Basin’s (GBG) operating results, Rubicon’s (RBY) bought deal financing, Randgold’s (GOLD) fourth quarter results, Harmony’s (HMY) second quarter results, and U.S. Silver’s (USA.TO) appointment of Mr. Tom Ryley as a Director of the Corporation were among big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.Mines MGMT

MGN +1.92% $2.12

2.Harmony

HMY +1.69% $12.62

3.Randgold

GOLD+1.58% $118.01

 

LOSERS

1.Rubicon

RBY-5.34% $4.08

2.Jaguar

JAG -5.16% $6.61

3.Vista Gold

VGZ-5.07% $3.56

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 2012

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.

 

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About Chris Mullen

Chris Mullen has been the Chief Content Manager of GoldSeek.com, SilverSeek.com, UraniumSeek.com, GoldReview.com, CapitalUpdates.com, and Gold-Seeker.com since 2004. Sign up for free email lists from these sites at http://email.goldseek.com/

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