-- Published: Tuesday, 7 February 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1233.00 | -$1.70 |
Silver | $17.71 | -$0.02 |
XAU | 95.29 | -0.93% |
HUI | 218.11 | -0.83% |
GDM | 704.38 | -0.06% |
JSE Gold | 1568.28 | +21.97 |
USD | 100.35 | +0.48 |
Euro | 106.86 | -0.62 |
Yen | 89.01 | -0.46 |
Oil | $52.17 | -$0.84 |
10-Year | 2.389% | -0.024 |
T-Bond | 152.15625 | +0.625 |
Dow | 20090.29 | +0.19% |
Nasdaq | 5674.22 | +0.19% |
S&P | 2293.08 | +0.02% |
The Metals:
Gold dropped $6.80 to $1227.90 by a little after 8AM EST before it bounced back to $1235.70 in early afternoon trade, but it then drifted back lower into the close and ended with a loss of 0.14%. Silver slipped to $17.559 before it rallied back to $17.788 and then also fell back off, but it ended with a loss of just 0.11%.
Euro gold rose to about €1154, platinum lost $7 to $1003, and copper fell a couple of cents to about $2.65.
Gold and silver equities fell almost 2% by midafternoon before they edged back higher in the last 90 minutes of trade, but they still ended with almost 1% losses on the day.
The Economy:
Report | For | Reading | Expected | Previous |
Trade Balance | Dec | -$44.3B | -$45.0B | -$45.7B |
Consumer Credit | Dec | $14.2B | $19.4B | $25.2B |
Monthly jobs openings were little changed in December CNBC
There are no major economic reports due out tomorrow.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell almost a dollar more as the U.S. dollar index jumped higher overnight after “Federal Reserve Bank of Philadelphia President Patrick Harker said Monday he could support raising short-term interest rates at the central bank’s next meeting in March.”
Treasuries remained higher after today’s $24 billion 3-year note auction sold at yield of 1.423% with a bid to cover of 2.78.
The Dow, Nasdaq, and S&P waffled near unchanged and ended slightly higher on continued wariness about Trump’s policies.
Among the big names making news in the market today were Apple, GM, Michael Kors, AMD, and Pandora.
GATA Posts:
Short selling of silver astounds Sprott's Embry in KWN interview
The Statistics:
As of close of business: 2/6/2017
Gold Warehouse Stocks: | 8,936,326.000 | -11,340.82 |
Silver Warehouse Stocks: | 180,257,558.079 | +23,408.312 |
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 | 818.653 | 26,320,503 | US$32,398m |
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$5,480m |
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$6,051m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$443m |
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 4.148 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:
Gold Reserve’s (GRZ.V) court ruling, Banro’s (BAA) mine incident, Golden Star’s (GSS) closed offering, Paramount’s (PZG) private placement, and Excellon’s (EXN.TO) offtake arrangements were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Vista Gold | VGZ +4.67% $1.12 |
2. DRDGOLD | DRD +2.18% $6.09 |
3. Randgold | GOLD +2.18% $92.95 |
LOSERS
1. Freeport | FCX -3.00% $15.52 |
2. USA Silver | USAS -2.92% $3.33 |
3. Gold Resource | GORO-2.62% $5.95 |
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: Tuesday, 7 February 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Lower After Dollar Pop
