-- Published: Friday, 21 February 2014 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1323.50 | -$0.20 | +0.37% |
Silver | $21.81 | -$0.02 | +1.68% |
XAU | 102.88 | -0.48% | +0.88% |
HUI | 245.62 | -0.34% | +1.17% |
GDM | 736.75 | -0.29% | +0.99% |
JSE Gold | 1534.37 | +34.31 | +1.75% |
USD | 80.27 | -0.01 | +0.19% |
Euro | 137.39 | +0.20 | +0.29% |
Yen | 97.53 | -0.22 | -0.72% |
Oil | $102.20 | -$0.55 | +1.89% |
10-Year | 2.734% | -0.020 | -0.44% |
Bond | 133.15625 | +0.4375 | +0.14% |
Dow | 16103.30 | -0.19% | -0.32% |
Nasdaq | 4263.41 | -0.10% | +0.46% |
S&P | 1836.25 | -0.19% | -0.13% |
The Metals:
Gold fell $7.46 to $1316.24 in Asia before it rebounded to $1325.23 by a little after 8AM EST and end then dropped back to $1319.36 in the next few hours of trade, but it then climbed to a new session high of $1328.04 in afternoon trade and ended with a loss of just 0.02%. Silver slipped to $21.59 in Asia, but it then rose to as high as $21.936 in New York and ended with a loss of just 0.09%.
Euro gold fell towards €963, platinum gained $11 to $1425, and copper remained at about $3.26.
Gold and silver equities fell over 1% by late morning before they rallied back higher in early afternoon trade, but they still ended with slight losses on the day.
The Economy:
Report | For | Reading | Expected | Previous |
Existing Home Sales | Jan | 4.62M | 4.70M | 4.87M |
All of this week’s other economic reports:
NAHB Housing Market Index - February | 46 v. 56 |
Next week’s economic highlights include the Case-Shiller 20-city Index, the FHFA Housing Price Index, and Consumer Confidence on Tuesday, New Home Sales on Wednesday, Initial Jobless Claims and Durable Goods Orders on Thursday, and GDP, Chicago PMI, Michigan Sentiment, and Pending Home Sales on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell on warmer weather for much of the US that reduced demand expectations.
The U.S. dollar index ended slightly lower in mixed trade on poor housing data that sent treasuries higher.
The Dow, Nasdaq, and S&P ended slightly lower in mixed trade.
Among the big names making news in the market Friday were Dish, Fannie Mae, Juniper, Brookdale Senior Living and Emeritus, Hewlett-Packard, Allstate, and Groupon.
GATA Posts:
Peter Boehringer: More evasions from the Bundesbank on Germany's gold in the U.S.
The Statistics:
Activity from: 2/20/2014
Gold Warehouse Stocks: | 7,165,262.418 | +1,286.00 |
Silver Warehouse Stocks: | 180,370,753.729 | -65,463.95 |
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$33,838m |
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$5,871m |
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$475m |
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: 164.24: +0.61 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,081.70: -68.81 change from yesterday’s data.
The Miners:
B2Gold’s (BTG) exploration results, Eldorado’s (EGO) 2013 results, and Avino’s (ASM) agreement for a brokered public offering were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Solitario | XPL +22.76% $1.51 |
2. Turquoise | TRQ +5.59% $3.59 |
3. Timmins | TGD +3.38% $1.53 |
LOSERS
1. Avino | ASM -7.69% $2.40 |
2. Northern Dynasty | NAK -6.21% $1.51 |
3. Mines Management | MGN -4.84% $1.18 |
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, 21 February 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver End Modestly Higher on the Week
