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Gold Seeker Closing Report: Gold and Silver Gain About 1% and 2%
By: Chris Mullen, Gold-Seeker.com

 -- Published: Thursday, 20 February 2014 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1323.70

+$13.50

Silver

$21.83

+$0.39

XAU

103.38

+3.92%

HUI

246.44

+3.89%

GDM

738.90

+3.50%

JSE Gold

1500.06

-21.43

USD

80.28

+0.09

Euro

137.19

-0.17

Yen

97.74

+0.01

Oil

$102.92

-$0.39

10-Year

2.754%

+0.020

Bond

132.75

-0.21875

Dow

16133.23

+0.58%

Nasdaq

4267.54

+0.70%

S&P

1839.78

+0.60%

 
 

 

The Metals:

 

Gold saw modest gains in Asia before it dropped back to $1307.61 by a little before 8AM EST, but it then climbed to as high as $1324.98 in New York and ended with a gain of 1.03%.  Silver rose to as high as $21.90 and ended with a gain of 1.82%.

 

Euro gold rose to almost €965, platinum gained $4.20 to $1414, and copper remained at about $3.26.

 

Gold and silver equities rose throughout most of trade and ended with almost 4% gains.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Initial Claims

2/15

336K

335K

339K

CPI

Jan

0.1%

0.2%

0.2%

Core CPI

Jan

0.1%

0.1%

0.1%

Philadelphia Fed

Feb

-6.3

7.4

9.4

Leading Indicators

Jan

0.3%

0.4%

0.0%

 

Foreclosure Starts Fall to 2006 Level as Home Prices Rise Bloomberg

 

Tomorrow at 10AM EST brings Existing Home Sales for January expected at 4,700,000.

 

The Markets:

 

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

 

Oil remained modestly lower after the Energy Information Administration reported that crude inventories rose 1.0 million barrels, gasoline inventories fell 300,000 barrels, and distillates fell 300,000 barrels.

 

The U.S. dollar index saw slight gains as the euro fell on poor economic data out of Europe.

 

Treasuries fell as the Dow, Nasdaq, and S&P climbed higher on decent economic data and positive company news.

 

Among the big names making news in the market today were TransCanada, Allstate, Wal-Mart, and WhatsApp.

 

GATA Posts:

 

 

TF Metals Report: Gold is NOT flowing back into GLD

Customs data shows gold flow from London to Hong Kong through Switzerland

Australian comics satirize the failure of central banking

 

The Statistics:

Activity from: 2/19/2014

Gold Warehouse Stocks:

7,163,976.418

-

Silver Warehouse Stocks:

180,436,217.029

-229,248.351

 

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

795.610

25,579,642

US$33,660m

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$5,841m

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 subtracted 5.641 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 163.63: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,150.51: No change from yesterday’s data.

 

The Miners:

 

Timberline’s (TLR) extension, Semafo’s (SMF.TO) drilling, Richmont’s (RIC) 2013 results, McEwen’s (MUX) expansion, Alamos Gold’s (AGI) 2013 results, Pan American’s (PAAS) 2013 results, Avino’s (ASM) closed offering, and Coeur’s (CDE) 2013 results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Great Panther

GPL +12.17% $1.29

2.  Alexco

AXU +10.58% $2.09

3.  McEwen

MUX +9.76% $3.15

 

LOSERS

1.  Rubicon

RBY -20.48% $1.32

2.  Avino

ASM -5.80% $2.60

3.  Alamos

AGI -1.29% $9.97

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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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2014

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

 

 

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions.  The author of this report is not a registered financial advisor.  Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate.  The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.  Past results are not necessarily indicative of future results.  Any statements non-factual in nature constitute only current opinions, which are subject to change.  Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein.  Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.

 


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 -- Published: Thursday, 20 February 2014 | E-Mail  | Print  | Source: GoldSeek.com

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