-- Published: Friday, 5 February 2016 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1173.60 | +$17.90 | +5.04% |
Silver | $15.04 | +$0.18 | +5.40% |
XAU | 55.30 | +5.09% | +20.32% |
HUI | 147.84 | +5.70% | +22.38% |
GDM | 468.25 | +4.72% | +18.74% |
JSE Gold | 1667.42 | -43.46 | +16.91% |
USD | 97.01 | +0.48 | -2.57% |
Euro | 111.65 | -0.38 | +3.06% |
Yen | 85.50 | -0.11 | +3.50% |
Oil | $30.89 | $0.83 | -8.12% |
10-Year | 1.848% | -0.016 | -4.30% |
Bond | 163.375 | +0.625 | +1.40% |
Dow | 16204.83 | -1.29% | -1.59% |
Nasdaq | 4363.14 | -3.25% | -5.44% |
S&P | 1880.02 | -1.85% | -3.10% |
The Metals:
Gold gained $4.74 to $1160.44 in London before it dropped down to $1145.24 after the release of this morning’s jobs data, but it then stormed back higher into the close and ended with a gain of 1.55%. Silver surged to as high as $15.043 and ended with a gain of 1.21%.
Euro gold rose above €1052, platinum gained $6 to $909, and copper fell 4 cents to about $2.09.
Gold and silver equities fell nearly 4% in the first 15 minutes of trade, but they then rallied back higher for most of the rest of the day and ended with about 5% gains.
The Economy:
Report | For | Reading | Expected | Previous |
Nonfarm Payrolls | Jan | 151K | 188K | 262K |
Unemployment Rate | Jan | 4.9% | 5.0% | 5.0% |
Hourly Earnings | Jan | 0.5% | 0.3% | 0.0% |
Average Workweek | Jan | 34.6 | 34.5 | 34.5 |
Trade Balance | Dec | -$43.4B | -$43.5B | -$42.2B |
Consumer Credit | Dec | $21.3B | $16.5B | $14.0B |
The BLS net birth/death adjustment subtracted 233,000 payrolls from January’s data. Private Payrolls rose 158,000.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell almost 3% and the U.S. dollar index rose along with treasuries on mixed jobs data.
The Dow, Nasdaq, and S&P fell on poor earnings reports.
Among the big names making news in the market Friday were Volkswagen, Hess, LinkedIn, and Tyson Foods.
GATA Posts:
TF Metals Report: Gold magically flows back into GLD
Venezuela's central bank in talks with Deutsche Bank on gold swap
Koos Jansen: Shanghai Gold Exchange appears to report monthly withdrawals
Alasdair Macleod: Shorting the yuan is dangerous
Inflation-wracked Venezuela orders bank notes by the planeload
Ambrose Evans-Pritchard: Dollar tumbles as Fed rescues China in the nick of time
The Statistics:
Activity from: 2/4/2016
Gold Warehouse Stocks: | 6,515,752.918 | - |
Silver Warehouse Stocks: | 155,759,802.725 | -517,627.60 |
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 | 693.621 | 22,300,607 | US$25,644m |
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$5,129m |
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$5,673m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$421m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 29.16 | 937,469 | US$1,076m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 3.57 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 171.47: +0.91 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,610.97: No change from yesterday’s data.
The Miners:
WINNERS
1. Kinross | KGC +13.3% $2.30 |
2. AngloGold | AU +11.08% $10.73 |
3. Silver Standard | SSRI +10.63% $5.41 |
LOSERS
1. Primero | PPP -14.29% $1.62 |
2. Tahoe Resources | TAHO -2.33% $8.40 |
3. Paramount | PZG -0.92% $1.08 |
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, 5 February 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 5% on the Week
