-- Published: Friday, 12 February 2016 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1238.30 | -$5.90 | +5.51% |
Silver | $15.72 | +$0.02 | +4.52% |
XAU | 60.64 | +3.20% | +9.66% |
HUI | 163.58 | +2.68% | +10.65% |
GDM | 516.92 | +2.74% | +10.39% |
JSE Gold | 1941.01 | +53.69 | +16.41% |
USD | 95.97 | +0.42 | -1.07% |
Euro | 112.57 | -0.67 | +0.82% |
Yen | 88.29 | -0.68 | +3.26% |
Oil | $29.44 | +$3.23 | -4.69% |
10-Year | 1.748% | +0.104 | -5.41% |
Bond | 166.65625 | -1.6875 | +2.01% |
Dow | 15973.84 | +2.00% | -1.43% |
Nasdaq | 4337.51 | +1.66% | -0.59% |
S&P | 1864.78 | +1.95% | -0.81% |
The Metals:
Gold dipped $11.30 to $1232.90 in early New York trade before it bounced back higher into the close, but it still ended with a loss of 0.47%. Silver slipped to as low as $15.616 and ended with a gain of 0.13%.
Euro gold rose about €1100, platinum lost $2 to $953, and copper climbed a couple of cents to about $2.03.
Gold and silver equities waffled near unchanged for most of the morning, but they then climbed higher in afternoon trade and ended with about 3% gains.
The Economy:
Report | For | Reading | Expected | Previous |
Export Prices | Jan | -0.8% | - | -1.1% |
Export Prices ex-ag. | Jan | -0.8% | - | -1.1% |
Import Prices | Jan | -1.1% | - | -1.1% |
Import Prices ex-oil | Jan | -0.2% | - | -0.3% |
Retail Sales | Jan | 0.2% | 0.2% | 0.2% |
Retail Sales ex-auto | Jan | 0.1% | 0.0% | 0.1% |
Business Inventories | Dec | 0.1% | 0.1% | -0.1% |
Michigan Sentiment | Feb | 90.7 | 92.7 | 92.0 |
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil jumped over 12% higher on renewed hopes that OPEC will reach a deal to cut production.
The U.S. dollar index rose and treasuries fell as the Dow, Nasdaq, and S&P climbed about 2% on better than expected economic data that reduced the financial fears that dominated the week.
Among the big names making news in the market Friday were Commerzbank, Victoria's Secret, Deutsche Bank, Intercept, and Chesapeake.
GATA Posts:
Allister Heath: This crisis has been caused by arrogant central banks
An interview with George Taber, author of 'Chasing Gold'
Bron Suchecki moves from Perth Mint to Monetary Metals
The King Report: Strategic buying of S&P futures is managing stock market decline
Bitcoin's future threatened by software schism
Bank of Japan loses control as QE hits the limits
The Statistics:
Activity from: 2/11/2016
Gold Warehouse Stocks: | 6,566,999.008 | +643.00 |
Silver Warehouse Stocks: | 157,865,977.961 | +277,361.153 |
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 | 716.011 | 23,020,458 | US$28,536m |
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$5,487m |
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$6,058m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$445m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 29.16 | 937,417 | US$1,116m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 13.98 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 174.83: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,591.72: No change from yesterday’s data.
The Miners:
Gold Standard’s (GSV) closed private placement financing, Mines Management’s (MGN) Record of Decision, and Great Panther’s (GPL) fine were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Coeur | CDE +18.09% $3.33 |
2. Freeport | FCX +13.09% $5.53 |
3. First Majestic | AG +7.18% $4.33 |
LOSERS
1. McEwen | MUX -1.24% $1.59 |
2. Gold Resource | GORO-1.17% $1.69 |
3. Harmony | HMY -0.36% $2.74 |
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, 12 February 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Gain About 5% on the Week
