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Gold Seeker Weekly Wrap-Up: Gold and Silver End Slightly Higher on the Week
By: Chris Mullen,

 -- Published: Friday, 17 February 2017 | Print  | Disqus 




On Week





















JSE Gold









































The Metals:


Gold edged down to $1236.60 in Asia before it bounced back to $1243.70 in London, but it then drifted back lower in New York and ended with a loss of 0.3%.  Silver slipped to as low as $17.977 and ended with a loss of 0.44%.


Euro gold rose to about €1165, platinum lost $8 to $1001, and copper fell a couple of cents to about $2.72.


Gold and silver equities fell roughly 2% by late morning and remained near that level for the rest of the day.


The Economy:







Leading Indicators






All of this week’s other economic reports:


Philadelphia Fed - February

43.3 v. 23.6


Housing Starts - January

1246K v. 1279K


Building Permits - January

1285K v. 1228K


Initial Claims - 2/11

239K v. 234K


Net Long-Term TIC Flows - December

$12.9B v. $30.8B


NAHB Housing Market Index - February

65 v. 67


Business Inventories - December

0.4% v. 0.8%


Capacity Utilization - January

75.3% v. 75.6%


Industrial Production - January

-0.3% v. 0.6%


Empire Manufacturing - February

18.7 v. 6.5


Retail Sales - January

0.4% v. 1.0%


Retail Sales ex-auto - January

0.8% v. 0.4%


CPI - January

0.6% v. 0.3%


Core CPI - January

0.3% v. 0.2%


PPI - January

0.6% v. 0.2%


Core PPI - January

0.4% v. 0.1%


Next week’s economic highlights include Existing Home Sales and FOMC Minutes on Wednesday, Initial Jobless Claims and the FHFA Housing Price Index on Thursday, and Michigan Sentiment and New Home Sales on Friday.


The Markets:

Charts Courtesy of


Oil held near unchanged as concerns about ample supplies were offset by recent OPEC cuts.


The U.S. dollar index rose as the pound dropped after retail sales in the U.K. surprisingly fell for a third month.


Treasuries edged higher and the Dow, Nasdaq, and S&P held near unchanged “as investors await details on Trump administration tax and spending plans.”


Among the big names making news in the market Friday were Aetna, Pimco, Uber, Toshiba, and Unilever and Kraft Heinz.


GATA Posts:



John Ing: The primary 'Trump trade' is to buy gold


The Statistics:

Activity from: 2/16/2017

Gold Warehouse Stocks:



Silver Warehouse Stocks:




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




London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities




London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold




Australian Stock Exchange (ASX)

Gold Bullion Securities




Johannesburg Securities Exchange (JSE)

New Gold Debentures




Note: No change in Total Tonnes from yesterday’s data.


COMEX Gold Trust (IAU) Total Tonnes in Trust: 202.03: No change from yesterday’s data.


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


The Miners:


Freeport’s (FCX) force majeure declaration and Northern Dynasty’s (NAK) response to short seller claims were among the big stories in the gold and silver mining industry making headlines Friday.


1.  Americas Silver

USAS +2.18% $3.56

2.  Paramount

PZG +2.11% $1.94


DRD +1.08% $6.54



1.  Yamana

AUY -10.17% $3.09

2.  Taseko

TGB -9.40% $1.35

3.  Harmony

HMY -6.71% $2.78

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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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 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. 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’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.


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