-- Published: Friday, 28 February 2014 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1324.60 | -$5.90 | +0.08% |
Silver | $21.17 | -$0.11 | -2.93% |
XAU | 99.55 | -0.53% | -3.24% |
HUI | 237.77 | -0.49% | -3.20% |
GDM | 717.61 | -0.49% | -2.60% |
JSE Gold | 1481.56 | +8.99 | -3.44% |
USD | 79.79 | -0.50 | -0.60% |
Euro | 138.00 | +0.91 | +0.44% |
Yen | 98.24 | +0.36 | +0.73% |
Oil | $102.59 | +$0.19 | +0.38% |
10-Year | 2.658% | +0.016 | -2.78% |
Bond | 134.53125 | -0.125 | +1.03% |
Dow | 16321.71 | +0.30% | +1.36% |
Nasdaq | 4308.11 | -0.25% | +1.05% |
S&P | 1859.45 | +0.28% | +1.26% |
The Metals:
Gold dropped $4.68 to $1325.82 in Asia before it rebounded to $1332.92 in London and then fell to as low as $1320.02 in New York, but it then rallied back higher in the last couple of hours of trade and ended with a loss of just 0.44%. Silver slipped to $21.145 in Asia before it rebounded to $21.408 and then also fell back off, but it ended with a loss of just 0.52%.
Euro gold fell to about €960, platinum lost $7 to $1442.00, and copper fell slightly to about $3.19.
Gold and silver equities waffled near unchanged and ended slightly lower.
The Economy:
Report | For | Reading | Expected | Previous |
GDP | Q4 | 2.4% | 2.6% | 3.2% |
GDP Deflator | Q4 | 1.6% | 1.3% | 1.3% |
Chicago PMI | Feb | 59.8 | 56.0 | 59.6 |
Michigan Sentiment | Feb | 81.6 | 81.5 | 81.2 |
Pending Home Sales | Jan | 0.1% | 0.8% | -5.8% |
All of this week’s other economic reports:
Next week’s economic highlights include Personal Income and Spending, Core PCE Prices, the ISM Index, and Construction Spending on Monday, ADP Employment, ISM Services, and the fed’s Beige Book on Wednesday, Initial Jobless Claims, Productivity, Unit Labor Costs, and Factory Orders on Thursday, and February’s jobs data, the Trade Balance, and Consumer Credit on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil turned higher midday and ended with a modest gain on rumors of a shutdown at the Bakken oilfield.
The U.S. dollar index fell as the euro rose on higher than expected inflation in Europe that reduced expectations for more monetary stimulus from the ECB next week.
Treasuries fell as the Dow, Nasdaq, and S&P saw decent gains for most of the day on mixed economic data that points to decent growth along with continued fed stimulus, but stocks then fell back off in late trade and ended mixed on worries about Russia’s intervention in Ukraine.
Armed men take control of two airports in Ukraine The Irish Times
Among the big names making news in the market Friday were Mattel, Riverbed, Apple, PepsiCo, and Jos. A. Bank.
GATA Posts:
Mt. Gox files for bankruptcy, blames hackers for losses
London gold fix study shows signs of decade of manipulation by bullion banks
Koos Jansen: China's gold trade numbers broke all records in 2013
Free Lauri Love! Free Lauri Love!
The Statistics:
Activity from: 2/27/2014
Gold Warehouse Stocks: | 7,177,093.566 | -1,464.16 |
Silver Warehouse Stocks: | 182,830,729.909 | +405,861.62 |
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 | 803.704 | 25,839,887 | US$34,264m |
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$5,887m |
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$474m |
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: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,204.36: No change from yesterday’s data.
The Miners:
Banro’s (BAA) closed financing and Buenaventura’s (BVN) 2013 results were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Primero | PPP +6.58% $6.48 |
2. Solitario | XPL +5.41% $1.56 |
3. Brigus | BRD +4.72% $1.11 |
LOSERS
1. Northern Dynasty | NAK-32.89% $1.00 |
2. Mines Management | MGN -7.48% $1.36 |
3. Golden Minerals | AUMN-4.50% $1.06 |
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, 28 February 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver End Mixed on the Week
