Gold Seeker Closing Report: Gold and Silver Gain Again
| Close | Gain/Loss |
Gold | $1329.30 | +$8.00 |
Silver | $16.57 | +$0.05 |
XAU | 81.06 | -0.03% |
HUI | 180.45 | UNCH |
GDM | 615.81 | +0.37% |
JSE Gold | 1170.31 | +51.97 |
USD | 89.69 | -0.45 |
Euro | 123.51 | +0.59 |
Yen | 92.78 | +0.76 |
Oil | $59.19 | -$0.10 |
10-Year | 2.829% | -0.028 |
T-Bond | 144.75 | +0.34375 |
Dow | 24640.45 | +0.16% |
Nasdaq | 7013.51 | +0.45% |
S&P | 2662.94 | +0.26% |
The Metals:
Gold gained $9.40 to $1330.70 in London before it fell back to $1322.90 in early New York trade, but it then rallied back higher into the close and ended with a gain of 0.61%. Silver rose to as high as $16.683 and ended with a gain of 0.3%.
Euro gold rose to about EUR1076, platinum gained $4 to $972, and copper climbed 8 cents to about $3.17.
Gold and silver equities waffled near unchanged and ended mixed.
Home Prices in Two-Thirds of U.S. Cities Hit Records Bloomberg
'Risks of a recession' are rising, says head of world's largest hedge fund MarketWatch
Record Number of U.S. Small-Business Owners Say It's a Good Time to Expand Bloomberg
Cleveland Fed's Mester: market rout not impacting economic outlook Reuters
History suggests strong economy can ward off bear market Reuters
Tomorrow brings CPI, Retail Sales, and Business Inventories.
The Markets:
Oil edged lower on concerns about growing output from non-OPEC producers.
The U.S. dollar index fell and treasuries rose while the Dow, Nasdaq, and S&P erased early losses and ended higher ahead of tomorrow's inflation data.
Among the big names making news in the market today were Under Armour, Bitcoin, Google, Broadcom, Walgreens, PepsiCo, and Caterpillar.
GATA Posts:
VIX manipulation costs investors billions, whistle-blower tells CFTC
The Statistics:
As of close of business: 2/12/2018
Gold Warehouse Stocks: | 9,125,356.223 | +27,044.191 |
Silver Warehouse Stocks: | 251,591,178.662 | +173,930.031 |
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 | 820.707 | 26,386,565 | US$34,966m |
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$5,898m |
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$6,520m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$477m |
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.
Seabridge Gold's (SA) updated independent mineral resource estimate, IAMGOLD's (IAG) increase in reserves and Pre-feasibility Study, and Avino's (ASM) 2017 year end summary and outlook for 2018 were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Seabridge | SA +4.81% $10.90 |
2. Hecla | HL +3.20% $3.87 |
3. Sibanye | SBGL +2.76% $4.47 |
LOSERS
1. Tahoe Resources | TAHO -6.28% $3.88 |
2. Pretivm | PVG -3.12% $6.83 |
3. Northern Dynasty | NAK -2.68% $1.09 |
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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