Gold Seeker Closing Report: Gold and Silver End Mixed

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

Global Gold ETF Holdings

[WGC Sponsored ETF’s]

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

LOSERS

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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Additional Resources for today’s Gold Seeker Report can be found:

• http://www.capitalupdates.com
• http://www.goldseek.com
• http://www.silverseek.com
• http://www.goldreview.com

©Gold Seeker 2012

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