-- Published: Thursday, 9 February 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1231.50 | -$9.00 |
Silver | $17.67 | -$0.10 |
XAU | 94.02 | -2.80% |
HUI | 215.98 | -2.51% |
GDM | 696.02 | -2.08% |
JSE Gold | 1568.29 | -43.94 |
USD | 100.61 | +0.34 |
Euro | 106.64 | -0.32 |
Yen | 88.36 | -0.96 |
Oil | $53.00 | +$0.66 |
10-Year | 2.395% | +0.044 |
T-Bond | 152.09375 | -1.1875 |
Dow | 20172.40 | +0.59% |
Nasdaq | 5715.18 | +0.58% |
S&P | 2307.87 | +0.58% |
The Metals:
Gold waffled between $1243.70 and $1236.80 in London before it edged up to $1244.20 by a little before 10AM EST, but it then dropped to as low as $1230.40 in afternoon trade and ended with a loss of 0.73%. Silver slipped to as low as $17.619 and ended with a loss of 0.56%.
Euro gold fell to about €1155, platinum remained at $1013, and copper fell a penny to about $2.67.
Gold and silver equities dropped roughly 2% in the first hour of trade and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 2/04 | 234K | 250K | 246K |
Wholesale Inventories | Dec | 1.0% | 1.0% | 1.0% |
Fed's Bullard says rates can remain low through 2017 Reuters
Mortgage rates fall again as Trump trade fizzles out MarketWatch
BlackRock’s Larry Fink sees ‘dark shadows’ in markets MarketWatch
Tomorrow brings Export and Import Prices, Michigan Sentiment, and the Treasury Budget.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose over 1% more in continued reaction to yesterday’s surprise decline in gasoline inventories.
The U.S. dollar index saw decent gains and treasuries fell as the Dow, Nasdaq, and S&P climbed higher “after President Donald Trump said long-awaited details on promised tax cuts would emerge within weeks.”
Among the big names making news in the market today were Thomson Reuters, Coca-Cola, UniCredit, Total, Whole Foods, Anthem, and Twitter.
GATA Posts:
Germany brings its gold stash home sooner than planned
The Statistics:
As of close of business: 2/8/2017
Gold Warehouse Stocks: | 8,983,447.470 | +47,862.91 |
Silver Warehouse Stocks: | 182,067,145.199 | +1,189,997.73 |
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 | 832.577 | 26,768,192 | US$33,104m |
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$5,484m |
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$442m |
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 5.629 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 200.30: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,410.74: No change from yesterday’s data.
The Miners:
Alamos Gold’s (AGI) closed financing, Gold Standard’s (GSV) assay results, Fortuna’s (FSM) closed financing, and Coeur’s (CDE) fourth quarter results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Nevsun | NSU +0.97% $3.12 |
LOSERS
1. Coeur | CDE -21.88% $9.39 |
2. Gold Fields | GFI -6.70% $3.34 |
3. First Majestic | AG -4.94% $10.20 |
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: Thursday, 9 February 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Almost 1% While Stocks Rise on Trump Talk
