Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page >> News >> Story  Disclaimer 
Latest Headlines

GoldSeek Radio: Michael Pento, Ryan Walsh and Chris Waltzek

Technical Scoop - Weekend Update January 21 2019
By: David Chapman

Semiconductor Sector: Watch the Early Bird in 2019
By: Gary Tanashian

Bull in the China Shop
By: John Mauldin

No, Barron's, the gold supply can be and has been increased much -- with imaginary metal
By: Chris Powell

Gold Stocks Remain in a Downtrend
By: Jordan Roy-Byrne CMT, MFTA

U.S. SHALE OIL INDUSTRY: Not In The Business To Make Money, But To Take Money
By: Steve St. Angelo

Brexit, EU, Germany, China and Yellow Vests In 2019 – Something Wicked This Way Comes
By: GoldCore

Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Almost 1% and 2% on the Week
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 1 18 2019
By: Ira Epstein


GoldSeek Web

Gold Seeker Closing Report: Gold and Silver Gain With Stocks and Oil
By: Chris Mullen,

 -- Published: Thursday, 12 February 2015 | Print  | Disqus 



















JSE Gold
































The Metals:


Gold jumped up to $1229.51 in late Asian trade before it chopped back down to $1219.91 by early afternoon in New York, but it then bounced back higher in the last few hours of trade and ended with a gain of 0.19%.  Silver rose to as high as $16.988 and ended with a gain of 0.42%.


Euro gold fell to about €1071, platinum gained $5 to $1196, and copper climbed 6 cents to about $2.60.


Gold and silver equities rose over 1% in the first 20 minutes of trade before they fell to see slight losses at times, but they then edged back higher in late trade and ended near their early highs.


The Economy:







Initial Claims





Retail Sales





Retail Sales ex-auto





Business Inventories






Tomorrow brings Export and Import Prices and Michigan Sentiment.


The Markets:


Charts Courtesy of


Oil rose almost 5% as the U.S. dollar fell markedly on worse than expected economic data that sent treasuries higher, but bonds then fell back off into the close as the Dow, Nasdaq, and S&P rose on optimism about a ceasefire between Russian separatists and Ukrainian forces.


Among the big names making news in the market today were TripAdvisor, Expedia, Tesla, GM, and Time.


The Commentary:


“While much of the western world bankers keep pushing on a string, economic slowdown becomes more widespread. Here in the U.S., the “Don’t Worry, Be Happy” crowd on Wall Street continues to speak about economic expansion when the only thing expanding is their avoidance of economic reality.


U.S. Stock Market – I continue to believe major swings up and down almost daily, is a signal the great bull-run is coming to an end. All sorts of fundamental and technical analogies say so. It may be a few weeks or even a few months before the ultimate top, but leaving the punch bowl now and hailing a cab is as good as time as any.


U.S. Bonds – Continue to avoid High-Yield (Junk) bonds like the plague. Treasuries may be the lesser of two evils versus equities, but ownership of neither is better IMHO than heavy ownership of both.


U.S. Dollar – While more players appear ahead in the race to debase their currencies, the appearance of victory for Uncle Sam shall in fact be dearly paid for down the road.


Gold - $1,300 has proven indeed to be key resistance. The gold cartel (whose headquarters is the Comex) have been all over the short side the last couple of weeks. I’m not going to debate their existence; as anyone who watches daily trading sees the sudden, unexplained sudden falls and knows it’s no accident or coincidence.


But whether manipulated or not, the fact is, much of the technical gains made from the start of the New Year have been damaged (and if history is any indication, it shall be a process to overcome them and get back to challenging $1,300).” - Peter Grandich,


GATA Posts:



India smugglers, and their bodies, take a break from gold

Central banks are boosting their gold reserves


The Statistics:

Activity from: 2/11/2015

Gold Warehouse Stocks:



Silver Warehouse Stocks:




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




London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities




London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold




Australian Stock Exchange (ASX)

Gold Bullion Securities




Johannesburg Securities Exchange (JSE)

New Gold Debentures




Note: No change in Total Tonnes from yesterday’s data.


COMEX Gold Trust (IAU) Total Tonnes in Trust: 167.75: No change from yesterday’s data.


Silver Trust (SLV) Total Tonnes in Trust: 9,963.31: No change from yesterday’s data.


The Miners:


Primero’s (PPP) fourth quarter results, Timmins Gold’s (TGD) drill results, Gold Fields’ (GFI) quarterly results, Coeur’s (CDE) repurchased notes, and Hecla’s (HL) reserves were among the big stories in the gold and silver mining industry making headlines today.



1.  Richmont

RIC +7.30% $3.38

2.  Agnico Eagle

AEM +5.65% $32.51

3.  Freeport

FCX +4.89% $19.47



1.  Gold Fields

GFI -7.59% $5.04


DRD -3.98% $2.17


IAG -2.95% $2.31

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


- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

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

© Gold Seeker 2015

Note: This article may be reproduced provided the article, in full, is used and mention to 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. 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’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.


| Digg This Article
 -- Published: Thursday, 12 February 2015 | E-Mail  | Print  | Source:

comments powered by Disqus


Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to >> Story

E-mail Page  | Print  | Disclaimer 

© 1995 - 2019 Supports

©, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


The views contained here may not represent the views of, Gold Seek LLC, its affiliates or advertisers., Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of, Gold Seek LLC, is strictly prohibited. In no event shall, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.