-- Published: Friday, 7 February 2014 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1267.10 | +$9.70 | +1.78% |
Silver | $20.03 | +$0.09 | +4.54% |
XAU | 92.22 | +3.14% | +1.66% |
HUI | 218.58 | +2.72% | +0.83% |
GDM | 663.10 | +2.94% | +1.95% |
JSE Gold | 1287.74 | -3.60 | -1.00% |
USD | 80.65 | -0.24 | -0.78% |
Euro | 136.35 | +0.43 | +1.10% |
Yen | 97.78 | -0.19 | -0.18% |
Oil | $99.88 | +$2.04 | +2.45% |
10-Year | 2.675% | -0.027 | +0.26% |
Bond | 133.28125 | +0.25 | -0.44% |
Dow | 15794.08 | +1.06% | +0.61% |
Nasdaq | 4125.86 | 1.69% | +0.54% |
S&P | 1797.02 | +1.33% | +0.81% |
The Metals:
Gold spiked up to $1268.62 after this morning’s jobs report before it fell back to $1257.82 in the next hour of trade, but it then rallied back higher into the close and ended near its earlier high with a gain of 0.77%. Silver surged to as high as $20.037 and ended with a gain of 0.45%.
Euro gold rose to about €929, platinum gained $6 to $1379, and copper climbed a couple of cents to about $3.24.
Gold and silver equities rose throughout most of trade and ended with about 3% gains.
The Economy:
Report | For | Reading | Expected | Previous |
Nonfarm Payrolls | Jan | 113K | 175K | 75K |
Unemployment Rate | Jan | 6.6% | 6.7% | 6.7% |
Hourly Earnings | Jan | 0.2% | 0.2% | 0.0% |
Average Workweek | Jan | 34.4 | 34.4 | 34.4 |
Consumer Credit | Dec | $18.8B | $11.5B | $12.4B |
The BLS net birth/death adjustment subtracted 307,000 payrolls from January’s data. Private Payrolls rose 142,000.
All of this week’s other economic reports:
Next week’s economic highlights include JOLTS Job Openings data and Wholesale Inventories on Tuesday, the Treasury Budget on Wednesday, Initial Jobless Claims, Retail Sales, and Business Inventories on Thursday, and Export and Import Prices, Industrial Production, Capacity Utilization, and Michigan Sentiment on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose to the highest this year on more cold weather forecasts that raised demand expectations.
The U.S. dollar index fell and treasuries jumped higher on this morning’s worse than expected jobs data.
The Dow, Nasdaq, and S&P rose on thoughts that today’s poor jobs report was just due to bad weather.
Among the big names making news in the market Friday were Google, Merck, Apple, and Baytex Energy.
GATA Posts:
Is Bundesbank repatriating only 1 tonne per week for the next six years?
Germany's high court suspects that ECB bond buying is illegal
The Statistics:
Activity from: 2/06/2014
Gold Warehouse Stocks: | 7,143,618.108 | +36,708.31 |
Silver Warehouse Stocks: | 181,755,485.892 | +2,519,863.069 |
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) AND Mexico Stock Exchange (BMV) | SPDR® Gold Shares | 797.053 | 25,626,058 | US$32,254m |
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$5,607m |
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$454m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 41.25 | 1,326,273 | US$1,676m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 162.58: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,045.79: -44.89 change from yesterday’s data.
The Miners:
Vista Gold’s (VGZ) filing, Harmony’s (HMY) fatalities, and Bear Creek’s (BSM.V) Notice of Intent to Submit a Claim to Arbitration were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Tanzanian Royalty | TRX +10.71% $2.17 |
2. Silver Standard | SSRI +10.02% $9.11 |
3. Pretivm | PVG +8.11% $6.13 |
LOSERS
1. Avino | ASM -4.50% $1.91 |
2. Nevsun | NSU -1.55% $3.81 |
3. Northern Dynasty | NAK -0.78% $1.27 |
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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-- Published: Friday, 7 February 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Almost 2% and 5% on the Week
