Gold Seeker Closing Report: Gold and Silver Gain Almost 2%
| Close | Gain/Loss |
Gold | $1352.10 | +$22.80 |
Silver | $16.87 | +$0.30 |
XAU | 85.50 | +5.49% |
HUI | 189.40 | +4.96% |
GDM | 641.91 | +4.24% |
JSE Gold | 1173.26 | +2.95 |
USD | 88.95 | -0.74 |
Euro | 124.58 | +1.07 |
Yen | 93.49 | +0.71 |
Oil | $60.60 | +$1.41 |
10-Year | 2.911% | +0.082 |
T-Bond | 143.50 | -1.0625 |
Dow | 24893.49 | +1.03% |
Nasdaq | 7143.62 | +1.86% |
S&P | 2698.63 | +1.34% |
The Metals:
Gold gained $7.60 to $1336.90 in Asia before it dropped back down to $1318.50 just after this morning's inflation data was released, but it then soared back higher for most of the rest of trade and ended near its early afternoon high of $1355.50 with a gain of 1.72%. Silver rose to as high as $16.929 and ended with a gain of 1.81%.
Euro gold rose to about EUR1085, platinum gained $23 to $995, and copper climbed another 7 cents to about $3.24.
Gold and silver equities rose roughly 5% by midafternoon and remained near that level into the close.
CPI, Retail Data Not Pretty But May Overstate U.S. Economic Pain Bloomberg
Inflation pickup a challenge for Fed chief Powell Reuters
U.S. business inventories rise more than expected in December Reuters
CPI surges 0.5% in January, but yearly rate of inflation unchanged MarketWatch
January retail sales post biggest decline in 11 months CNBC
U.S. Consumer Prices Rise More Than Forecast on Apparel Costs Bloomberg
U.S. mortgage applications fall as home loan rates hit four-year high: MBA Reuters
The Markets:
Oil gained over 2% after the Energy Information Administration reported that crude inventories rose 1.8 million barrels, gasoline inventories rose 3.6 million barrels, and distillates rose 500,000 barrels.
The U.S. dollar index fell along with treasuries as the Dow, Nasdaq, and S&P erased opening losses and ended over 1% higher on expectations for the fed to continue to take a gradual approach towards raising interest rates.
Among the big names making news in the market today were Fannie Mae, Amazon, Uber, and Bitcoin.
GATA Posts:
Idaho House votes not to tax income from gold and silver sales
The Statistics:
As of close of business: 2/13/2018
Gold Warehouse Stocks: | 9,108,277.178 | -17,079.045 |
Silver Warehouse Stocks: | 252,730,704.512 | +1,139,525.85 |
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$35,380m |
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$5,989m |
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$6,619m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$486m |
Note: Change in Total Tonnes from yesterday's data: SPDR added 2.951 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.
Golden Star's (GSS) drill results, Gold Fields' (GFI) 2017 earnings, and Silvercorp's (SVM) exploration results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. NOVAGOLD | NG +11.86% $4.15 |
2. Harmony | HMY +11.83% $2.08 |
3. Alexco | AXU +11.24% $1.44 |
LOSER
1. Gold Standard | GSV -0.56% $1.76 |
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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