Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Over 1% and 4% on the Week
| Close | Gain/Loss | On Week |
Gold | $1331.80 | -$18.20 | -1.32% |
Silver | $16.60 | -$0.64 | -4.65% |
XAU | 83.88 | -4.25% | -7.12% |
HUI | 188.03 | -4.41% | -7.54% |
GDM | 642.62 | -2.88% | -5.89% |
JSE Gold | 1228.89 | -15.95 | -6.41% |
USD | 89.16 | +0.57 | +0.07% |
Euro | 124.59 | -0.60 | +0.28% |
Yen | 90.85 | -0.59 | -1.22% |
Oil | $65.45 | -$0.35 | -1.45% |
10-Year | 2.838% | +0.059 | +6.73% |
Bond | 145.00 | -1.5625 | -2.58% |
Dow | 25520.96 | -2.54% | -4.12% |
Nasdaq | 7240.95 | -1.96% | -3.53% |
S&P | 2762.13 | -2.12% | -3.85% |
The Metals:
Gold fell $22.50 to as low as $1327.50 in late morning New York trade before it bounced back higher in afternoon trade, but it still ended with a loss of 1.35%. Silver slipped to as low as $16.554 and ended with a loss of 3.71%.
Euro gold fell to about EUR1069, platinum lost $16.50 to $988.50, and copper fell a few cents to about $3.19.
Gold and silver equities fell roughly 3% in the first 45 minutes of trade and remained near that level for the rest of the day.
U.S. factory orders post fifth straight monthly increase Reuters
U.S. Consumer Sentiment Tops Estimates on Jobs and Income Bloomberg
U.S. hiring accelerates; annual wage growth strongest since 2009 Reuters
U.S. adds 200,000 jobs with wage growth fastest in more than 8 years MarketWatch
U.S. Added 200,000 Jobs in January; Wages Rise Most Since 2009 Bloomberg
Next week's economic highlights include the ISM non-manufacturing index on Monday, International Trade on Tuesday, Consumer Credit on Wednesday, Initial Jobless Claims on Thursday, and Wholesale Trade on Friday.
The Markets:
Oil fell as the U.S. dollar index jumped higher and treasuries dropped after this morning's stronger than expected jobs data sent interest higher and the Dow, Nasdaq, and S&P roughly 2% lower.
Among the big names making news in the market Friday were Deutsche Bank, Exxon, Dell and VMware, Amazon, Google, and Apple.
GATA Posts:
Is U.S. waging a 'cold war' to weaken the dollar?
All trapped gold miners in S. Africa rescued unhurt
Nearly a thousand gold miners trapped underground in South Africa
Ted Butler: CFTC's long silver investigation missed what the agency just fined
Russian banks increase gold purchases at record pace
The Statistics:
Activity from: 2/1/2018
Gold Warehouse Stocks: | 9,265,378.582 | +7,523.10 |
Silver Warehouse Stocks: | 246,499,496.630 | +238,791.66 |
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 | 841.353 | 27,050,351 | US$36,271m |
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$5,912m |
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$6,533m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$478m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 261.31: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,736.88: No change from yesterday's data.
Yamana Gold's (AUY) fatal accident and Banro's (BAA) consolidated plan of compromise and reorganization were among the big stories in the gold and silver mining industry making headlines Friday.
No "winners" today.
LOSERS
1. Gold Standard | GSV-12.97% $1.61 |
2. Alexco | AXU -10.00% $1.35 |
3. Freeport | FCX -7.61% $17.97 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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