-- Published: Monday, 13 February 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1225.90 | -$8.10 |
Silver | $17.82 | -$0.12 |
XAU | 94.51 | -0.95% |
HUI | 216.16 | -1.21% |
GDM | 697.05 | -0.79% |
JSE Gold | 1530.95 | -5.58 |
USD | 100.99 | +0.23 |
Euro | 105.97 | -0.43 |
Yen | 87.95 | -0.39 |
Oil | $52.93 | -$0.93 |
10-Year | 2.434% | +0.025 |
T-Bond | 151.46875 | -0.4375 |
Dow | 20412.16 | +0.70% |
Nasdaq | 5763.96 | +0.52% |
S&P | 2328.25 | +0.52% |
The Metals:
Gold fell $14.60 to $1219.40 in late morning New York trade before it rallied back higher into the close, but it still ended with a loss of 0.66%. Silver slipped to as low as $17.759 and ended with a loss of 0.67%.
Euro gold fell to about €1157, platinum lost $11 to $996, and copper climbed 2 more cents to about $2.81.
Gold and silver equities fell roughly 1% at the open and remained near that level for the rest of the day.
The Economy:
Yellen Unlikely to Rule Out March Hike in Capitol Hill Testimony Bloomberg
U.S. inflation expectations at highest level since 2015: NY Fed Reuters
Why Yellen will hold her interest-rate cards close in front of Congress MarketWatch
Tomorrow brings PPI.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil dropped almost 2% on concerns about rising US production.
The U.S. dollar index rose and treasuries fell as the Dow, Nasdaq, and S&P climbed to new record highs on renewed optimism over President Trump’s pro-growth policies.
Among the big names making news in the market today were Tesla, Boeing, Allergan, and Chemours.
GATA Posts:
Western central bank gold is running low, von Greyerz tells KWN
Ed Steer's Gold & Silver Daily letter for Saturday posted at GoldSeek
Russia notes that German gold in U.S. was just a mirage
The Statistics:
As of close of business: 2/10/2017
Gold Warehouse Stocks: | 8,911,107.970 | -72,339.50 |
Silver Warehouse Stocks: | 181,738,418.535 | - |
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 | 836.725 | 26,901,543 | US$32,876m |
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$5,435m |
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$6,002m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$440m |
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: 200.90: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,410.74: No change from yesterday’s data.
The Miners:
McEwen’s (MUX) proposed arrangement with Lexam Gold, B2Gold’s (BTG) exploration update, and Silver Standard’s (SSRI) project sale were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Taseko | TGB +6.71% $1.59 |
2. New Gold | NGD +4.00% $3.12 |
3. Almaden | AAU +2.44% $1.26 |
LOSERS
1. Northern Dynasty | NAK -5.36% $3.18 |
2. Alexco | AXU -4.10% $1.87 |
3. Eldorado | EGO -2.90% $3.68 |
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: Monday, 13 February 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall While Stocks Climb To New Highs
