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Message: OT - Gold and Silver Gain About 1%

February 13: Gold and Silver Gain About 1%

Chris Mullen
|
Thursday, February 13th

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Gain/Loss

Gold

$1301.70

+$10.80

Silver

$20.51

+$0.31

XAU

99.56

+3.76%

HUI

236.87

+3.73%

GDM

715.92

+3.76%

JSE Gold

1432.34

-18.99

USD

80.29

-0.40

Euro

136.79

+0.84

Yen

97.85

+0.30

Oil

$100.35

-$0.02

10-Year

2.736%

-0.027

Bond

133.03125

+0.78125

Dow

16027.59

+0.40%

Nasdaq

4240.67

+0.94%

S&P

1829.83

+0.58%

The Metals:

Gold edged down to $1286.47 in late Asian trade, but it then climbed to a high as $1302.58 in New York and ended with a gain of 0.84%. Silver rose to as high as $20.528 and ended with a gain of 1.53%.

Euro gold climbed to over €951, platinum gained $11 to $1414, and copper fell slightly to about $3.25.

Gold and silver equities rose throughout most of trade and ended with over 3.7% gains.

The Economy:

Report

For

Reading

Expected

Previous

Initial Claims

2/08

339K

335K

331K

Retail Sales

Jan

-0.4%

0.0%

-0.1%

Retail Sales ex-auto

Jan

0.0%

0.1%

0.3%

Business Inventories

Dec

0.5%

0.4%

0.4%

U.S. 30-Year Mortgage Rates Increase to 4.28% Bloomberg

Tomorrow brings Export and Import Prices, Industrial Production, Capacity Utilization, and Michigan Sentiment.

The Markets:

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

Oil closed barely lower in mixed trade.

The U.S. dollar index fell on poor economic data that sent treasuries higher.

The Dow, Nasdaq, and S&P reversed early losses and ended with decent gains on earnings reports and a big takeover deal.

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