-- Published: Friday, 16 February 2018 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1348.70 | -$4.70 | +2.58% |
Silver | $16.68 | -$0.20 | +2.21% |
XAU | 83.23 | -2.63% | +6.23% |
HUI | 184.95 | -2.33% | +5.96% |
GDM | 631.75 | -2.20% | +5.84% |
JSE Gold | 1204.14 | +7.09 | +6.38% |
USD | 89.15 | +0.57 | -1.42% |
Euro | 124.12 | -0.90 | +1.42% |
Yen | 94.00 | -0.27 | +2.07% |
Oil | $61.68 | +$0.34 | +4.19% |
10-Year | 2.871% | -0.031 | +0.56% |
Bond | 144.28125 | +0.28125 | +0.39% |
Dow | 25219.38 | +0.08% | +4.25% |
Nasdaq | 7239.47 | -0.23% | +5.31% |
S&P | 2732.22 | +0.04% | +4.30% |
The Metals:
Gold gained $8.30 to $1361.70 in Asia, but it then fell to as low as $1345.00 in New York and ended with a loss of 0.35%. Silver slipped to as low as $16.618 and ended with a loss of 1.18%.
Euro gold rose to about €1087, platinum gained $5 to $1004, and copper remained at about $3.25.
Gold and silver equities fell almost 4% by midafternoon before they rallied back higher into the close, but they still ended over 2% lower on the day.
The Economy:
U.S. Consumer Sentiment Jumps as Tax Cuts Blunt Stock Drop Bloomberg
U.S. import prices increase more than expected in January Reuters
Housing starts soar in January, building permits hit 10 1/2-year high MarketWatch
The Markets:
Oil edged higher as strong demand expectations overcame supply concerns.
The U.S. dollar index rose on profit taking as shorts covered bets that profited from what was almost the worst week in over a year.
Treasuries saw modest gains as the Dow, Nasdaq, and S&P erased decent gains seen midday and ended near unchanged on political uncertainty.
Among the big names making news in the market Friday were Waymo, Campbell, Coca-Cola, GE, Tesla, and GM.
GATA Posts:
Whistle-blower got $30 million for exposing JPMorganChase
Eric Sprott covers rising rates, falling dollar, strength in monetary metals
GATA secretary explains cowardice of gold mining industry, financial news media
Market rigging is getting old and will fail eventually, GATA's Steer says
Gold defied expectations to rise on inflation report, Turk says
The Statistics:
Activity from: 2/15/2018
Gold Warehouse Stocks: | 9,102,010.723 | -6,076.215 |
Silver Warehouse Stocks: | 253,236,427.958 | +738,622.84 |
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 | 821.298 | 26,405,541 | US$35,697m |
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$6,013m |
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$6,645m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$484m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 2.36 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 264.33: +1.43 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,767.91: No change from yesterday’s data.
The Miners:
Yamana’s (AUY) outlook, 2017 results, and dividend, and Turquoise Hill’s (TRQ) power cancellation notification were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Hecla | HL +1.79% $3.98 |
2. Almaden | AAU +0.53% $0.9551 |
3. NOVAGOLD | NG +0.24% $4.17 |
LOSERS
1. Yamana | AUY -9.57% $3.12 |
2. Sandstorm | SAND-6.03% $4.83 |
3. McEwen | MUX -5.39% $2.28 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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-- Published: Friday, 16 February 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 2% on the Week
