-- Published: Tuesday, 11 February 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1289.90 | +$15.30 |
Silver | $20.20 | +$0.15 |
XAU | 98.67 | +3.81% |
HUI | 234.86 | +4.20% |
GDM | 709.88 | +3.70% |
JSE Gold | 1399.06 | +32.41 |
USD | 80.62 | -0.01 |
Euro | 136.40 | -0.05 |
Yen | 97.45 | -0.37 |
Oil | $99.94 | -$0.12 |
10-Year | 2.719% | +0.041 |
Bond | 132.78125 | -0.50 |
Dow | 15994.77 | +1.22% |
Nasdaq | 4191.04 | +1.03% |
S&P | 1819.75 | +1.11% |
The Metals:
Gold climbed $12.78 to $1287.38 at about 8AM EST before it fell back to $1276.23 in the next 45 minutes of trade, but it then rose to a new session high of $1292.22 by late morning in New York and ended with a gain of 1.2%. Silver slipped back to $19.939 before it rebounded to $20.27 and then fell back off in early afternoon trade, but it still ended with a gain of 0.75%.
Euro gold jumped to almost €946, platinum gained $3 to $1384, and copper remained at about $3.22.
Gold and silver equities rose over 4% by late morning and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
JOLTS - Job Openings | Dec | 3.99M | - | 4.033M |
Wholesale Inventories | Dec | 0.3% | 0.6% | 0.5% |
Yellen says Fed on track to keep trimming stimulus Reuters
Yellen Says Recovery in Labor Market Far From Complete Bloomberg
House Republicans aim to pass 'clean' debt limit bill: source Reuters
Home Prices Rose in Fewer U.S. Markets in Fourth Quarter Bloomberg
Tomorrow at 2PM EST brings the Treasury Budget for January expected at -$10.0 billion.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ended slightly lower in mixed trade while the U.S. dollar index waffled near unchanged after Yellen’s testimony before the House Financial Services Committee.
Treasuries remained lower after today’s $30 billion 3-year note auction sold at a yield of 0.715% with a bid to cover of 3.42.
The Dow, Nasdaq, and S&P climbed over 1% higher after Yellen’s pledge to continue her predecessor’s economic policy at the fed.
Among the big names making news in the market today were Tesla, CVS, Barclays, and McDonald’s.
GATA Posts:
Bundesbank delays gold repatriation schedule
China's 500-tonne gold gap fuels talk of stockpiling
TF Metals Report: Trends of the latest bank participation report
Sprott praises GATA consultant Speck's 'The Gold Cartel'
The Statistics:
Activity from: 2/10/2014
Gold Warehouse Stocks: | 7,118,444.923 | -26,858.445 |
Silver Warehouse Stocks: | 182,559,696.854 | +270,845.16 |
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$32,836m |
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$5,732m |
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$463m |
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: 163.18: +0.60 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,045.79: No change from yesterday’s data.
The Miners:
Timmins Gold’s (TGD) closed offering, Richmont’s (RIC) updated corporate mineral reserve and resource estimates, and Rubicon’s (RBY) gold streaming agreement and construction update were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Paramount | PZG +9.45% $1.39 |
2. Primero | PPP +9.42% $6.62 |
3. Harmony | HMY +9.19% $3.09 |
LOSERS
1. Alexco | AXU -14.08% $1.77 |
2. Almaden | AAU -3.45% $1.68 |
3. Midway | MDW -1.54% $1.28 |
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: Tuesday, 11 February 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain About 1%
