-- Published: Wednesday, 15 February 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1232.60 | $5.20 |
Silver | $17.97 | $0.03 |
XAU | 93.40 | -0.91% |
HUI | 215.90 | +0.12% |
GDM | 693.08 | -0.14% |
JSE Gold | 1509.42 | -21.36 |
USD | 101.07 | -0.16 |
Euro | 106.05 | +0.27 |
Yen | 87.65 | +0.14 |
Oil | $53.11 | -$0.09 |
10-Year | 2.502% | +0.032 |
T-Bond | 150.03125 | -0.59375 |
Dow | 20611.86 | +0.52% |
Nasdaq | 5819.44 | +0.64% |
S&P | 2349.25 | +0.50% |
The Metals:
Gold fell $10 to $1217.40 by a little after 8:30AM EST, but it then rallied back higher for most of the rest of trade and ended with a gain of 0.42%. Silver slipped to as low as $17.76 before it jumped back to $17.982 and then chopped back lower at times, but it still ended with a gain of 0.17%.
Euro gold rose to about €1163, platinum gained $7.50 to $1005.50, and copper remained at about $2.77.
Gold and silver equities fell nearly 2% at the open, but they then rallied back to roughly unchanged by midday and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
CPI | Jan | 0.6% | 0.3% | 0.3% |
Core CPI | Jan | 0.3% | 0.2% | 0.2% |
Retail Sales | Jan | 0.4% | 0.1% | 1.0% |
Retail Sales ex-auto | Jan | 0.8% | 0.4% | 0.4% |
Empire Manufacturing | Feb | 18.7 | 7.0 | 6.5 |
Capacity Utilization | Jan | 75.3% | 75.5% | 75.6% |
Industrial Production | Jan | -0.3% | 0.0% | 0.6% |
Business Inventories | Dec | 0.4% | 0.4% | 0.8% |
NAHB Housing Market Index | Feb | 65 | 68 | 67 |
Markets Learn to Live With a More Hawkish Yellen Bloomberg
Fed's Rosengren sees 'at least' three rate hikes per year Reuters
U.S. data points to strengthening domestic demand and inflation Reuters
U.S. home refinance activity falls despite lower mortgage rates Reuters
Tomorrow brings Initial Jobless Claims, Housing Starts, Building Permits, and the Philadelphia Fed.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil edged lower after the Energy Information Administration reported that crude inventories rose 9.5 million barrels, gasoline inventories rose 2.8 million barrels, and distillates fell 700,000 barrels.
The U.S. dollar index erased early gains and ended lower on uncertainty over whether or not upcoming economic data will be strong enough to warrant a rate hike in March.
Treasuries fell as the Dow, Nasdaq, and S&P rose to new record highs again on optimism that recent economic strength can continue.
Among the big names making news in the market today were SodaStream, Groupon, Evoke Pharma, Verizon and Yahoo, and PepsiCo.
GATA Posts:
Now devout Muslims can help bullion banks and central banks short gold
GoldMoney's brain trust discusses the new year's market outlook
Ted Butler sees explosive potential in silver futures market positioning
The Statistics:
As of close of business: 2/14/2017
Gold Warehouse Stocks: | 8,914,194.370 | - |
Silver Warehouse Stocks: | 183,601,515.555 | +536,977.57 |
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$33,096m |
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$5,464m |
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$6,042m |
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: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 201.29: 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) feasibility study, Pan American’s (PAAS) error correction, and Golden Minerals’ (AUMN) Preliminary Economic Assessment were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Harmony | HMY +2.89% $2.85 |
2. Americas Siler | USAS +2.76% $3.35 |
3. Alamos | AGI +2.01% $8.63 |
LOSERS
1. Pan American | PAAS -7.00% $19.39 |
2. First Majestic | AG -3.75% $10.02 |
3. Pretivm | PVG -3.33% $11.31 |
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: Wednesday, 15 February 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Erase Early Losses and End Higher
