Close | Gain/Loss | On Week | |
Gold | $1711.80 | +$11.40 | +0.01% |
Silver | $34.17 | +$0.37 | -0.58% |
XAU | 186.85 | -0.55% | -3.79% |
HUI | 509.92 | +0.10% | -2.57% |
GDM | 1475.66 | -0.10% | -2.98% |
JSE Gold | 2541.95 | -14.10 | -4.35% |
USD | 79.99 | +0.83 | +0.72% |
Euro | 131.15 | -1.57 | -0.67% |
Yen | 121.35 | -1.25 | -0.78% |
Oil | $107.40 | +$0.82 | +0.66% |
10-Year | 2.038% | +0.024 | +2.62% |
Bond | 141.75 | -0.375 | -0.64% |
Dow | 12922.02 | +0.11% | -0.43% |
Nasdaq | 2988.34 | +0.60% | +0.41% |
S&P | 1370.87 | +0.36% | +0.09% |
The Metals:
Gold edged up to $1706.18 in Asia before it fell to $1680.47 by a little after 9AM EST, but it then rose to a new session high of $1714.10 in New York and ended with a gain of 0.67%.Silver slipped to $33.22 before it also rallied back higher and ended near its early afternoon high of $34.36 with a gain of 1.09%.
Euro gold rose to about €1306, platinum gained $26.50 to $1678.50, and copper climbed 5 cents to about $3.84.
Gold and silver equities waffled near unchanged and ended mixed.
Report | For | Reading | Expected | Previous |
Trade Balance | Jan | -$52.6B | -$48.2B | -$50.4B |
Nonfarm Payrolls | Feb | 227K | 206K | 284K |
Unemployment Rate | Feb | 8.3% | 8.3% | 8.3% |
Hourly Earnings | Feb | 0.1% | 0.2% | 0.1% |
Average Workweek | Feb | 34.5 | 34.5 | 34.5 |
Wholesale Inventories | Jan | 0.4% | 0.6% | 1.1% |
The BLS net birth/death adjustment added 91,000 payrolls to February’s data. Private Payrolls rose 233,000.
ISDA declares Greek credit event, CDS payments triggered Reuters
All of this week’s other economic reports:
Initial Claims - 3/03 |
Consumer Credit - January |
Productivity - Q4 |
Unit Labor Costs - Q4 |
ADP Employment - February |
ISM Services - February |
Factory Orders - January |
Next week’s economic highlights include the Treasury Budget on Monday, Retail Sales, Business Inventories, and a FOMC Rate Decision on Tuesday, Import and Export Prices and the Current Account Balance on Wednesday, Initial Jobless Claims, Empire Manufacturing, PPI, the Philadelphia Fed, and Net Long-Term TIC Flows on Thursday, and CPI, Industrial Production, Capacity Utilization, and Michigan Sentiment on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose along with the U.S. dollar index on this morning’s better than expected jobs report that sent treasuries lower and the Dow, Nasdaq, and S&P higher.
Among the big names making news in the market Friday were Boeing, Starbucks, UPS, Quest Software, and Freddie Mac.
GATA Posts:
Peter Brimelow: Gold bugs digging out, again
Banks shouldn't be both judge and jury on credit defaults
German newspaper faults secrecy around Germany's gold in New York
The Statistics:
Activity from: 3/08/2012
Gold Warehouse Stocks: | 11,405,980 | -34,879 |
Silver Warehouse Stocks: | 130,938,581 | +461,506 |
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 | 1293.676 | 41,592,971 | US$70,154m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 118.63 | 3,813,918 | US$6,520m |
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 | 472,671 | US$782m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 39.75 | 1,278,132 | US$2,160m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 182.36: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,763.25: No change from yesterday’s data.
Kinross Gold’s (KGC) professorship, Indonesia’s mine deals, and Freeport’s (FCX) redemption of senior notes were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1.Tanzanian Royalty | TRX +5.02% $4.39 |
2.Midway | MDW +5.00% $1.68 |
3.Eurasian | EMXX +4.72% $2.62 |
LOSERS
1.Claude | CGR -5.93% $1.11 |
2.Timmins | TGD -4.17% $2.53 |
3.Mag Silver | MVG-3.19% $10.03 |
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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- http://www.goldreview.com
©Gold Seeker 2012
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