-- Published: Friday, 14 February 2014 | Print | Disqus
Please Note: US and Canadian markets are closed on Monday for a variety of holidays.
| Close | Gain/Loss | On Week |
Gold | $1318.60 | +$16.90 | +4.06% |
Silver | $21.45 | +$0.94 | +7.09% |
XAU | 101.98 | +2.43% | +10.58% |
HUI | 242.78 | +2.50% | +11.07% |
GDM | 729.54 | +1.91% | +10.02% |
JSE Gold | 1507.94 | +75.60 | +17.10% |
USD | 80.12 | -0.17 | -0.66% |
Euro | 136.99 | +0.22 | +0.47% |
Yen | 98.24 | +0.40 | +0.47% |
Oil | $100.30 | -$0.05 | +0.42% |
10-Year | 2.746% | +0.010 | +2.65% |
Bond | 132.96875 | -0.03125 | -0.23% |
Dow | 16154.39 | +0.79% | +2.28% |
Nasdaq | 4244.02 | +0.08% | +2.86% |
S&P | 1838.63 | +0.48% | +2.32% |
The Metals:
Gold climbed to as high as $1320.35 at about 10AM EST before it chopped back lower at times, but it still ended with a gain of 1.3%. Silver surged to as high as $21.454 and ended with a gain of 4.58%.
Euro gold rose above €962, platinum gained $10 to $1424, and copper climbed slightly to about $3.26.
Gold and silver equities rose over 3% about an hour into trade before they fell back off a bit into midday, but they then edged back higher in early afternoon trade and ended with about 2% gains.
The Economy:
Report | For | Reading | Expected | Previous |
Export Prices | Jan | 0.2% | - | 0.4% |
Export Prices ex-ag. | Jan | 0.2% | - | 0.5% |
Import Prices | Jan | 0.1% | - | 0.2% |
Import Prices ex-oil | Jan | 0.3% | - | -0.1% |
Industrial Production | Jan | -0.3% | 0.3% | 0.3% |
Capacity Utilization | Jan | 78.5% | 79.4% | 78.9% |
Michigan Sentiment | Feb | 81.2 | 80.2 | 81.2 |
All of this week’s other economic reports:
Next week’s economic highlights include Empire Manufacturing, Net Long-Term TIC Flows, and the NAHB Housing Market Index on Tuesday, Housing Starts, Building Permits, PPI, and FOMC Minutes on Wednesday, Initial Jobless Claims, CPI, the Philadelphia Fed, and Leading Economic Indicators on Thursday, and Existing Home Sales on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ended slightly lower in mixed trade.
The U.S. dollar index fell as the euro rose on strong GDP data in France and Germany.
Treasuries fell on decent consumer confidence data that sent the Dow, Nasdaq, and S&P higher.
Among the big names making news in the market Friday were Jos. A. Bank and Eddie Bauer, Occidental Petroleum, Under Armour, and AIG.
GATA Posts:
Eric Sprott on the upward reversals in gold and silver
GoldCore's O'Byrne: Gold's technicals support positive fundamentals -- 9 key charts
TF Metals Report: Still looking good
Alasdair Macleod: China's gold demand
Finance Ministry in Netherlands denies what its central bank president admitted
Bron Suchecki: Fractional reserve bullion banking and gold bank runs: a run or a stroll?
Gold will spike when 'tapering' is stopped, Celente tells Sprott Money News
The Statistics:
Activity from: 2/13/2014
Gold Warehouse Stocks: | 7,125,720.173 | +2,199.93 |
Silver Warehouse Stocks: | 181,524,096.579 | +378,295.59 |
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 | 806.348 | 25,924,889 | US$34,203m |
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$5,850m |
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$473m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 41.25 | 1,326,273 | US$1,676m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 7.496 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 163.63: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,090.68: No change from yesterday’s data.
The Miners:
Goldcorp’s (GG) support for the creation of the Goldcorp Research and Innovation Chair in Natural Resources and Energy Law at Université Laval, Comstock’s (LODE) revolving credit facility, and Silvercorp’s (SVM) dividend were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Mines Management | MGN +25% $1.20 |
2. Great Panther | GPL +17.14% $1.23 |
3. Allied Nevada | ANV +10.79% $5.75 |
LOSERS
1. Comstock | LODE -0.98% $2.03 |
2. Nevsun | NSU -0.75% $3.99 |
3. MAG Silver | MVG -0.65% $7.61 |
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, 14 February 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Gain About 4% and 7% on the Week
