-- Published: Monday, 12 February 2018 | Print | Disqus
| Close | Gain/Loss |
Gold | $1321.30 | +$6.50 |
Silver | $16.52 | +$0.20 |
XAU | 81.08 | +3.49% |
HUI | 180.45 | +3.38% |
GDM | 613.99 | +2.89% |
JSE Gold | 1118.34 | -13.55 |
USD | 90.14 | -0.29 |
Euro | 122.92 | +0.54 |
Yen | 92.02 | -0.07 |
Oil | $59.29 | +$0.09 |
10-Year | 2.857% | +0.002 |
T-Bond | 144.50 | +0.34375 |
Dow | 24601.27 | +1.70% |
Nasdaq | 6981.96 | +1.56% |
S&P | 2656.00 | +1.39% |
The Metals:
Gold gained $11.10 to $1325.90 in early Asian trade before it fell back to $1317.50 in London, but it then climbed to a new session high of $1326.10 in New York and ended with a gain of 0.49%. Silver rose to as high as $16.619 and ended with a gain of 1.23%.
Euro gold remained at about €1075, platinum gained $7 to $968, and copper climbed 5 cents to about $3.09.
Gold and silver equities rose roughly 4% by midafternoon before they edged back lower in late trade, but they still ended about 3% higher on the day.
The Economy:
U.S. runs January budget surplus of $49 billion, Treasury says MarketWatch
Trump Unveils $4.4 Trillion 2019 Budget Proposal Bloomberg
TREASURIES-Yields rise on strong U.S. growth outlook; inflation in focus this week Reuters
Latest budget could make interest rates ‘spike,’ says White House’s Mulvaney MarketWatch
U.S. inflation expectations drop in January: New York Fed survey MarketWatch
Tomorrow brings the NFIB Small Business Optimism Index.
The Markets:
Oil pared early gains but remained slightly higher at the close on comments from Kuwait’s Oil Minister that reflected strong global demand, high compliance to restrained output levels, and little concern over rising US shale output.
The U.S. dollar index fell and treasuries traded mixed while the Dow, Nasdaq, and S&P climbed over 1% higher on hopes for renewed stability after last week’s volatile action.
Among the big names making news in the market today were Apple, Ford, Deutsche Bank, Bitcoin, Barclays, and Wells Fargo.
GATA Posts:
Gold giant Barrick faces grilling after fall to the bottom of the pack
The Economist: Insider trading has been rife on Wall St., academics conclude
Ed Steer's Gold and Silver Digest posted in the clear at GoldSeek
The Statistics:
As of close of business: 2/9/2018
Gold Warehouse Stocks: | 9,098,312.032 | -183,144.973 |
Silver Warehouse Stocks: | 251,417,248.631 | +1,147,786.219 |
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 | 820.707 | 26,386,565 | US$34,886m |
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$5,879m |
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$6,500m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$475m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 5.607 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 262.90: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,767.91: No change from yesterday’s data.
The Miners:
Centerra Gold’s (CG.TO) Investment Incentive Certificate, Acacia’s (ACA.L) dispute with the Tanzanian government, Barrick’s (ABX) upcoming earnings report, and Hecla’s (HL) discoveries were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Avino | ASM +13.71% $1.41 |
2. Americas Silver | USAS +10.83% $3.89 |
3. Taseko | TGB +9.49%$1.73 |
LOSERS
1. Paramount | PZG -2.44% $1.20 |
2. Seabridge | SA -1.89% $10.40 |
3. Nevsun | NSU -0.92% $2.15 |
Winners & Losers tracks NYSE 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: Monday, 12 February 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain With Stocks
