-- Published: Friday, 17 February 2017 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1235.60 | -$3.70 | +0.13% |
Silver | $18.00 | -$0.08 | +0.33% |
XAU | 92.56 | -2.01% | -3.00% |
HUI | 214.54 | -2.67% | -1.95% |
GDM | 690.90 | -1.64% | -1.70% |
JSE Gold | 1508.57 | -4.05 | -1.82% |
USD | 100.93 | +0.44 | +0.17% |
Euro | 106.09 | -0.61 | -0.28% |
Yen | 88.58 | +0.28 | +0.40% |
Oil | $53.40 | +$0.04 | -0.85% |
10-Year | 2.425% | -0.025 | +0.66% |
Bond | 151.40625 | +0.59375 | -0.37% |
Dow | 20624.05 | +0.02% | +1.75% |
Nasdaq | 5838.58 | +0.41% | +1.82% |
S&P | 2351.16 | +0.17% | +1.51% |
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:
Report | For | Reading | Expected | Previous |
Leading Indicators | Jan | 0.6% | 0.5% | 0.5% |
All of this week’s other economic reports:
NAHB Housing Market Index - February | 65 v. 67 |
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 http://finance.yahoo.com/
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: | 8,948,247.817 | +1,999.90 |
Silver Warehouse Stocks: | 184,231,953.568 | +870,993.16 |
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$33,676m |
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$5,500m |
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$6,077m |
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: 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.
WINNERS
1. Americas Silver | USAS +2.18% $3.56 |
2. Paramount | PZG +2.11% $1.94 |
3. DRDGOLD | DRD +1.08% $6.54 |
LOSERS
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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-- Published: Friday, 17 February 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver End Slightly Higher on the Week
