-- Published: Tuesday, 14 February 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1227.40 | +$1.50 |
Silver | $17.94 | +$0.12 |
XAU | 94.27 | -0.26% |
HUI | 215.65 | -0.23% |
GDM | 694.51 | -0.35% |
JSE Gold | 1530.78 | -0.17 |
USD | 101.23 | +0.24 |
Euro | 105.77 | -0.20 |
Yen | 87.55 | -0.39 |
Oil | $53.20 | +$0.27 |
10-Year | 2.470% | +0.036 |
T-Bond | 150.625 | -0.75 |
Dow | 20504.41 | +0.45% |
Nasdaq | 5782.57 | +0.32% |
S&P | 2337.58 | +0.40% |
The Metals:
Gold gained $8.50 to $1234.40 by a little after 8AM EST before it dropped back to $1222.00 in late morning trade, but it then bounced back higher in afternoon trade and ended with a gain of 0.12%. Silver jumped up to $18.072 before it fell back to $17.772, but it then rallied back higher into the close and ended with a gain of 0.67%.
Euro gold rose to about €1161, platinum gained $2 to $998, and copper fell 4 cents to about $2.77.
Gold and silver equities fell over 1% by midmorning before they rallied back higher into the close, but they still ended with modest losses on the day.
The Economy:
Report | For | Reading | Expected | Previous |
PPI | Jan | 0.6% | 0.3% | 0.2% |
Core PPI | Jan | 0.4% | 0.2% | 0.1% |
Text of Yellen’s prepared testimony MarketWatch
Fed on course to raise interest rates at an upcoming meeting: Yellen Reuters
Yellen Sees More Rate Hikes Needed If Economy Stays on Course Bloomberg
Fed’s Lacker calls for ‘significantly higher’ interest rates MarketWatch
Mnuchin Secures Senate Confirmation as Treasury Secretary Bloomberg
Tomorrow brings CPI, Empire Manufacturing, Retail Sales, Capacity Utilization, Industrial Production, Business Inventories, the NAHB Housing Market Index, and Net Long-Term TIC Flows.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil saw slight gains on continued reports of high compliance with regards to pledged production cuts by OPEC producers.
The U.S. dollar index rose and treasuries fell as the Dow, Nasdaq, and S&P climbed to new record highs on Yellen’s confidence in the economy.
Among the big names making news in the market today were Cigna and Anthem, Toshiba, Aetna, Humana, Allergan, and Mattel.
GATA Posts:
Mike Ballanger: Remembering the genius of Hunter Thompson (and GATA)
Greece said considering ditching euro in favor of dollar
The Statistics:
As of close of business: 2/13/2017
Gold Warehouse Stocks: | 8,914,194.370 | +3,086.40 |
Silver Warehouse Stocks: | 183,064,537.985 | +1,326,119.45 |
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 | 840.872 | 27,034,888 | US$33,268m |
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$5,442m |
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$6,013m |
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 4.147 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 201.29: +0.39 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,410.74: No change from yesterday’s data.
The Miners:
Northern Dynasty’s (NAK) response to a “short and distort campaign,” Pretivm’s (PVG) completed note offering, Seabridge Gold’s (SA) acquisition of the Snowstorm project, and Aurcana’s (AUN.V) increased private placement offering were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Great Panther | GPL +3.88% $2.14 |
2. Harmony | HMY +2.97% $2.77 |
3. Seabridge | SA +2.73% $11.30 |
LOSERS
1. Northern Dynasty | NAK -21.38% $2.50 |
2. Nevsun | NSU -2.48% $3.15 |
3. Almaden | AAU -2.38% $1.23 |
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, 14 February 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Edge Higher In Mixed Trade
