Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

GoldSeek.com Radio: John Williams and Louis Navellier, and your host Chris Waltzek
By: radio.GoldSeek.com

Technical Scoop - Weekend Update Nov 19
By: David Chapman

Zero Hedge invites Financial Times to heed GATA's urging on gold suppression
By: Chris Powell

The Great Retirement Con
By: Adam Taggart

Perspective on the Gold/Oil Ratio, Macro Fundamentals and a Gold Sector Bottom
By: Gary Tanashian

Global Silver Investment Demand Maybe Down, But Still Double Pre-2008 Market Crash Level
By: Steve St. Angelo

Secular Bull Stock Market?
By: Gary Savage

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

Ira Epstein's Metals Video 11 17 2017
By: Ira Epstein

Next-Generation Crazy: The Fed Plans For The Coming Recession
By: John Rubino

 
Search

GoldSeek Web

 
Gold Seeker Closing Report: Gold and Silver Gain Over 1% While Stocks and Oil Drop – Miners Shine
By: Chris Mullen, Gold-Seeker.com

 -- Published: Monday, 6 February 2017 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1234.70

+$15.70

Silver

$17.73

+$0.27

XAU

96.19

+3.51%

HUI

219.92

+3.68%

GDM

705.26

+3.43%

JSE Gold

1546.31

+16.13

USD

99.87

+0.11

Euro

107.54

-0.31

Yen

89.55

+0.73

Oil

$53.01

-$0.82

10-Year

2.413%

-0.078

T-Bond

151.4375

+1.40625

Dow

20052.42

-0.09%

Nasdaq

5663.55

-0.06%

S&P

2292.56

-0.21%

 
 
http://goldseek.com/news/GoldSeeker/2017/2-6gsr/1.jpg

 

The Metals:

 

Gold gained $5.98 to $1224.98 in early Asian trade and rose to as high as $1230.08 in London before it pared back in midmorning New York trade, but it then rallied back higher again into the close and ended near its late session high of $1235.52 with a  gain of 1.29%.  Silver rose to as high as $17.748 and ended with a gain of 1.55%.

 

Euro gold rose to about €1148, platinum gained $9 to $1010, and copper climbed 3 cents to about $2.65.

 

Gold and silver equities rose over 1% at the open before they fell back towards unchanged in the next 20 minutes of trade, but they rallied back higher for most of the rest of the day and ended with about 3.5% gains.

 

The Economy:

 

Goldman Sachs Economists Are Starting to Worry About President Trump  Bloomberg

Trump and trade: U.S. deficits back in limelight  MarketWatch

Fed's U.S. employment yardstick rebounds in January  MarketWatch

 

Tomorrow brings the Trade Balance and Consumer Credit.

 

The Markets:

 

http://goldseek.com/news/GoldSeeker/2017/2-6gsr/1.png

Charts Courtesy of http://finance.yahoo.com/

 

Oil fell 1.5% on oversupply concerns.

 

The U.S. dollar index ended modestly higher as the euro dropped after “European Central Bank President Mario Draghi said that despite signs of improving economic conditions, the region’s economy was not yet strong enough to withdraw stimulus.”

 

Treasuries saw notable gains as the Dow, Nasdaq, and S&P dropped on worries about “the timing and scope of promised pro-growth policies from the Trump administration.”

 

Among the big names making news in the market today were Deutsche Bank, Tiffany, Facebook, Google, Tyson Foods, and Hasbro.

 

GATA Posts:

 

 

Deutsche Bank purchases ads to apologize for 'serious errors'

China stocked up on Swiss gold as turbulent year came to a close

London gold traders to open vaults in transparency push

U.K.-based class action planned against worldwide gold and silver rigging

 

The Statistics:

As of close of business: 2/3/2017

Gold Warehouse Stocks:

8,947,666.820

+935.67

Silver Warehouse Stocks:

180,234,149.767

+1,224,471.86

 

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

814.505

26,187,147

US$31,822m

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$5,457m

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$6,034m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$441m

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 3.287 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 199.91: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,410.74: No change from yesterday’s data.

 

The Miners:

 

Randgold’s (GOLD) fourth quarter results, B2Gold’s (BTG) 2016 production results, and Hecla’s (HL) fourth quarter results release date were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Pretivm

PVG +13.45% $12.40

2.  Gold Resource

GORO +9.50% $6.11

3.  NovaGold

NG +9.38% $5.95

 

LOSERS

1.  New Gold

NGD -1.03% $2.88

2.  Nevsun

NSU -0.96% $3.08

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

 

- 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 2017

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com 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. Gold-Seeker.com 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 Gold-Seeker.com’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: Monday, 6 February 2017 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com 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 GoldSeek.com. 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 GoldSeek.com, its affiliates or advertisers. GoldSeek.com 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 GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.