Gold Seeker Closing Report: Gold and Silver End Higher In Mixed Trade
| Close | Gain/Loss |
Gold | $1353.40 | +$1.30 |
Silver | $16.88 | +$0.01 |
XAU | 85.48 | -0.02% |
HUI | 189.36 | -0.02% |
GDM | 645.96 | +4.90% |
JSE Gold | 1197.05 | +23.79 |
USD | 88.58 | -0.37 |
Euro | 125.02 | +0.44 |
Yen | 94.27 | +0.78 |
Oil | $61.34 | +$0.74 |
10-Year | 2.902% | -0.009 |
T-Bond | 143.90625 | +0.53125 |
Dow | 25200.37 | +1.23% |
Nasdaq | 7256.43 | +1.58% |
S&P | 2731.20 | +1.21% |
The Metals:
Gold gained $4.90 to $1357.00 in late Asian trade before it drifted back to $1348.60 in London and then bounced back above unchanged in early New York trade ahead of another dip into midday, but it then rallied back higher into the close and ended with a gain of 0.1%. Silver swayed between $16.976 and $16.648 and ended with a gain of 0.06%.
Euro gold fell to about EUR1082, platinum gained $4 to $999, and copper climbed a penny to about $3.25.
Gold and silver equities fell over 2% by midmorning, but they then bounced back higher in afternoon trade and ended near unchanged on the day.
U.S. wholesale prices also reflect higher inflation in January, PPI finds MarketWatch
U.S. weekly jobless claims rebound from near 45-year lows Reuters
Three Gauges Show Prices Rising in U.S. Production Pipeline Bloomberg
U.S. factory output fails to grow for second straight month Reuters
Home-builder sentiment stays very strong in February, NAHB says MarketWatch
Tomorrow brings Housing Starts, Import and Export Prices, and Consumer Sentiment.
The Markets:
Oil rose over 1% as the U.S. dollar index fell on concerns about the current account and the budget deficit.
Treasuries saw decent gains as interest rates pared back some of their recent steep advances.
The Dow, Nasdaq, and S&P ended over 1% higher on bargain hunting.
Among the big names making news in the market today were Atari, Bombardier, Antares Pharma, Amag Pharma, Cisco, and Amazon.
GATA Posts:
Ted Butler: No manipulation after all?
The Statistics:
As of close of business: 2/14/2018
Gold Warehouse Stocks: | 9,108,086.938 | -190.24 |
Silver Warehouse Stocks: | 252,497,766.408 | -232,938.104 |
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(R) Gold Shares | 823.658 | 26,481,433 | US$35,809m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb?rse (Deutsche B?rse - Xetra) | Gold Bullion Securities | 138.13 | 4,441,056 | US$6,005m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb?rse (Deutsche B?rse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 152.66 | 4,908,200 | US$6,636m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$484m |
Note: No change in Total Tonnes from yesterday's data.
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.
Comstock's (LODE) new director, First Majestic's (AG) over-allotment option, and Hecla's (HL) 2017 results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Goldcorp | GG +4.47% $13.79 |
2. Tahoe Resources | TAHO +4.21% $4.21 |
3. DRDGOLD | DRD +2.36% $3.03 |
LOSERS
1. Kinross | KGC -6.79% $3.98 |
2. Avino | ASM -4.20% $1.37 |
3. New Gold | NGD -3.87% $2.73 |
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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