-- Published: Friday, 3 February 2017 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1219.00 | +$3.70 | +2.36% |
Silver | $17.46 | -$0.01 | +1.99% |
XAU | 92.92 | -0.21% | +3.73% |
HUI | 212.12 | +0.09% | +4.58% |
GDM | 681.72 | +0.45% | +5.61 |
JSE Gold | 1530.18 | -24.17 | +6.47% |
USD | 99.76 | -0.03 | -0.81% |
Euro | 107.79 | +0.18 | +0.77% |
Yen | 88.73 | +0.11 | +2.11% |
Oil | $53.83 | +$0.29 | +1.24% |
10-Year | 2.491% | +0.021 | +0.40% |
Bond | 150.25 | -0.3125 | -0.06% |
Dow | 20071.46 | +0.94% | -0.11% |
Nasdaq | 5666.77 | +0.54% | +0.11% |
S&P | 2297.42 | +0.73% | +0.12% |
The Metals:
Gold fell $4.76 to $1210.54 at about 8AM EST before it shot to as high as $1221.29 by midmorning in New York and then fell back off at times, but it still ended with a gain of 0.3%. Silver rose to as high as $17.538 and ended with a loss of 0.06%.
Euro gold rose to about €1131, platinum gained $4 to $1001, and copper fell 7 cents to about $2.62.
Gold and silver equities waffled near unchanged and ended mixed.
The Economy:
Report | For | Reading | Expected | Previous |
Nonfarm Payrolls | Jan | 227K | 170K | 157K |
Unemployment Rate | Jan | 4.8% | 4.7% | 4.7% |
Hourly Earnings | Jan | 0.1% | 0.3% | 0.2% |
Average Workweek | Jan | 34.4 | 34.3 | 34.4 |
Factory Orders | Dec | 1.3% | 1.4% | -2.3% |
ISM Services | Jan | 56.5 | 57.0 | 56.6 |
The BLS net birth/death adjustment subtracted 247,000 payrolls from January’s data. Private Payrolls rose 237,000.
All of this week’s other economic reports:
Next week’s economic highlights include the Trade Balance and Consumer Credit on Tuesday, Initial Jobless Claims and Wholesale Inventories on Thursday, and Export and Import Prices, Michigan Sentiment, and the Treasury Budget on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil edged higher on “expectations that output cuts by major producers will continue to chip away at global oversupply.”
The U.S. dollar index ended lower in mixed trade on worries about fading wage growth.
Treasuries fell as the Dow, Nasdaq, and S&P followed the financials higher after President Trump ordered a review of Dodd-Frank.
Among the big names making news in the market Friday were Uber, Snapchat, Amazon, Fitbit, GoPro, and Nordstrom.
GATA Posts:
Decision reinstating silver-rigging suit against JPM posted by Avery Goodman
Silver-rigging anti-trust lawsuits against JPMorganChase reinstated
Justice Department tries to stall discovery in silver price-fixing case
The Statistics:
Activity from: 2/2/2017
Gold Warehouse Stocks: | 8,946,731.150 | +18,572.867 |
Silver Warehouse Stocks: | 179,009,677.907 | +716,839.80 |
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 | 811.218 | 26,081,475 | US$31,683m |
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$5,409m |
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$5,988m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$438m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 35.73 | 1,148,868 | US$1,391m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 1.481 tonnes
COMEX Gold Trust (IAU) Total Tonnes in Trust: 199.91: -0.49 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,410.74: -4.25 change from yesterday’s data.
The Miners:
Pretivm’s (PVG) acceleration of commissioning of the Brucejack Mine, Freeport’s (FCX) status update, and Randgold’s (GOLD) production guidance were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Sandstorm | SAND +3.87% $4.56 |
2. Almaden | AAUN +3.45% $1.20 |
3. Alamos | AGI +2.87% $8.24 |
LOSERS
1. Freeport | FCX -5.83% $15.83 |
2. Turquoise | TRQ -3.78% $3.56 |
3. Alexco | AXU -1.55% $1.90 |
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, 3 February 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Roughly 2% on the Week
