Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Closing Report: Gold and Silver Gain While Stocks Chop
By: Chris Mullen, Gold-Seeker.com

The Market Has Its Head Buried Deep In The Sand
By: Dave Kranzler

March Comex Silver "Deliveries"
By: Craig Hemke

Death Valley Snowballs and Fiat Currencies
By: Gary Christenson

There Are Still Pitfalls To Watch Out For In The Metals Complex
By: Avi Gilburt

In broadcast to India, GATA secretary says free market in gold would enrich the country
By: Chris Powell, Secretary/Treasurer, GATA

Is gold a good store of value?
By: Steve Saville, The Speculative Investor

WARNING: U.S. Ponzi Retirement Market In Big Trouble, Protect With Precious Metals
By: Steve St. Angelo, SRSrocco Report

7 Reasons to Be Bullish on Emerging Europe
By: Frank Holmes

Bulls Turn Stocks Higher with a Vengeance
By: Rick Ackerman, Rick's Picks

 
Search

GoldSeek Web

 
Gold Seeker Closing Report: Gold and Silver Gain As Dollar Drops
By: Chris Mullen, Gold-Seeker.com

 -- Published: Thursday, 16 February 2017 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1239.30

+$6.70

Silver

$18.08

+$0.11

XAU

94.46

+1.13%

HUI

220.44

+2.10%

GDM

702.40

+1.39%

JSE Gold

1512.62

+3.20

USD

100.49

-0.58

Euro

106.74

+0.75

Yen

88.30

+0.70

Oil

$53.36

+$0.25

10-Year

2.450%

-0.052

T-Bond

150.6875

+0.75

Dow

20619.77

+0.04%

Nasdaq

5814.90

-0.08%

S&P

2347.22

-0.09%

 
 
http://goldseek.com/news/GoldSeeker/2017/2-16gsr/1.jpg

 

The Metals:

 

Gold gained $9.50 to $1242.10 in late morning New York trade before it drifted back lower in afternoon trade, but it still ended with a gain of 0.54%.  Silver rose to as high as $18.126 and ended with a gain of 0.61%.

 

Euro gold fell to about €1161, platinum gained $3.50 to $1009, and copper fell 3 cents to about $2.74.

 

Gold and silver equities rose roughly 2% in the first half hour of trade and remained near that level for the rest of the day.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Initial Claims

2/11

239K

245K

234K

Housing Starts

Jan

1246K

1220K

1279K

Building Permits

Jan

1285K

1230K

1228K

Philadelphia Fed

Feb

43.3

17.5

23.6

 

Scoring the Fed's Decision: Will It Be Wise To Tighten in March? Bloomberg

 

Tomorrow brings Leading Indicators.

 

The Markets:

 

http://goldseek.com/news/GoldSeeker/2017/2-16gsr/1.png

Charts Courtesy of http://finance.yahoo.com/

 

Oil ended with modest gains “on speculation that OPEC will extend its output cut agreement.”

 

The U.S. dollar index fell on political uncertainty that sent treasuries higher and held the Dow, Nasdaq, and S&P near unchanged.

 

'I inherited a mess': Trump

Risk Rally Eases as U.S. Stocks Slip, Bonds Climb

 

Among the big names making news in the market today were Allianz, Tempur Sealy, Kate Spade, Tesla, and Snap.

 

GATA Posts:

 

 

Kyrgyzstan wants everyone to have 100 grams of gold

Agnico plans to invest $1.2 billion in gold projects in Canada's north

China's holdings of Treasuries dropped in 2016 by most on record

 

The Statistics:

As of close of business: 2/15/2017

Gold Warehouse Stocks:

8,946,247.917

+32,053.547

Silver Warehouse Stocks:

183,360,959.445

-240,556.11

 

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

843.539

27,120,609

US$33,639m

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$5,509m

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$6,087m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$444m

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 2.667 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 202.03: +0.74 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,410.74: No change from yesterday’s data.

 

The Miners:

 

Seabridge Gold’s (SA) updated independent mineral resource estimate and Gold Fields’ (GFI) fatal accident and 2016 earnings were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Seabridge

SA +6.67% $12.00

2.  Barrick

ABX +6.11% $20.50

3.  Goldcorp

GG +6.06% $17.67

 

LOSERS

1.  Northern Dynasty

NAK-11.02% $2.26

2.  Paramount

PZG -5.00% $1.90

3.  Agnico Eagle

AEM-4.69% $47.10

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

 

- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2017

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions.  The author of this report is not a registered financial advisor.  Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate.  The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.  Past results are not necessarily indicative of future results.  Any statements non-factual in nature constitute only current opinions, which are subject to change.  Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein.  Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.


| Digg This Article
 -- Published: Thursday, 16 February 2017 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.