• Gold: 1,261.31 6.25
  • Silver: 17.20 0.37
  • Euro: 1.123 0.003
  • USDX: 96.974 -0.168
  • Oil: 51.12 0.27

February 14: Gold and Silver Edge Higher In Mixed Trade

Chris Mullen
|
Tuesday, February 14th
 

Close

Gain/Loss

Gold

$1227.40

+$1.50

Silver

$17.94

+$0.12

XAU

94.27

-0.26%

HUI

215.65

-0.23%

GDM

694.51

-0.35%

JSE Gold

1530.78

-0.17

USD

101.23

+0.24

Euro

105.77

-0.20

Yen

87.55

-0.39

Oil

$53.20

+$0.27

10-Year

2.470%

+0.036

T-Bond

150.625

-0.75

Dow

20504.41

+0.45%

Nasdaq

5782.57

+0.32%

S&P

2337.58

+0.40%

 
 
http://goldseek.com/news/GoldSeeker/2017/2-14gsr/1.jpg

The Metals:

 

Gold gained $8.50 to $1234.40 by a little after 8AM EST before it dropped back to $1222.00 in late morning trade, but it then bounced back higher in afternoon trade and ended with a gain of 0.12%. Silver jumped up to $18.072 before it fell back to $17.772, but it then rallied back higher into the close and ended with a gain of 0.67%.

 

Euro gold rose to about €1161, platinum gained $2 to $998, and copper fell 4 cents to about $2.77.

 

Gold and silver equities fell over 1% by midmorning before they rallied back higher into the close, but they still ended with modest losses on the day.

The Economy:

 

Report

For

Reading

Expected

Previous

PPI

Jan

0.6%

0.3%

0.2%

Core PPI

Jan

0.4%

0.2%

0.1%

 

Text of Yellen’s prepared testimony MarketWatch

Fed on course to raise interest rates at an upcoming meeting: Yellen Reuters

Yellen Sees More Rate Hikes Needed If Economy Stays on Course Bloomberg

Fed’s Lacker calls for ‘significantly higher’ interest rates MarketWatch

Mnuchin Secures Senate Confirmation as Treasury Secretary Bloomberg

 

Tomorrow brings CPI, Empire Manufacturing, Retail Sales, Capacity Utilization, Industrial Production, Business Inventories, the NAHB Housing Market Index, and Net Long-Term TIC Flows.

 

The Markets:

 

http://goldseek.com/news/GoldSeeker/2017/2-14gsr/1.png

Charts Courtesy of http://finance.yahoo.com/

 

Oil saw slight gains on continued reports of high compliance with regards to pledged production cuts by OPEC producers.

 

The U.S. dollar index rose and treasuries fell as the Dow, Nasdaq, and S&P climbed to new record highs on Yellen’s confidence in the economy.

 

Among the big names making news in the market today were Cigna and Anthem, Toshiba, Aetna, Humana, Allergan, and Mattel.

 

GATA Posts:

 

 

Mike Ballanger: Remembering the genius of Hunter Thompson (and GATA)

Greece said considering ditching euro in favor of dollar

 

The Statistics:

As of close of business: 2/13/2017

Gold Warehouse Stocks:

8,914,194.370

+3,086.40

Silver Warehouse Stocks:

183,064,537.985

+1,326,119.45

 

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

840.872

27,034,888

US$33,268m

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$5,442m

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$6,013m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$441m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

35.73

1,148,868

US$1,391m

Note: Change in Total Tonnes from yesterday’s data: SPDR added 4.147 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 201.29: +0.39 change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 10,410.74: No change from yesterday’s data.

 

The Miners:

 

Northern Dynasty’s (NAK) response to a “short and distort campaign,” Pretivm’s (PVG) completed note offering, Seabridge Gold’s (SA) acquisition of the Snowstorm project, and Aurcana’s (AUN.V) increased private placement offering were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. Great Panther

GPL +3.88% $2.14

2. Harmony

HMY +2.97% $2.77

3. Seabridge

SA +2.73% $11.30

LOSERS

1. Northern Dynasty

NAK -21.38% $2.50

2. Nevsun

NSU -2.48% $3.15

3. Almaden

AAU -2.38% $1.23

Winners & Losers tracks NYSE and AMEX 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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© Gold Seeker 2017

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