February 15: Gold and Silver Erase Early Losses and End Higher
Gold fell $10 to $1217.40 by a little after 8:30AM EST, but it then rallied back higher for most of the rest of trade and ended with a gain of 0.42%. Silver slipped to as low as $17.76 before it jumped back to $17.982 and then chopped back lower at times, but it still ended with a gain of 0.17%.
Euro gold rose to about €1163, platinum gained $7.50 to $1005.50, and copper remained at about $2.77.
Gold and silver equities fell nearly 2% at the open, but they then rallied back to roughly unchanged by midday and remained near that level for the rest of the day.
Retail Sales ex-auto
NAHB Housing Market Index
Tomorrow brings Initial Jobless Claims, Housing Starts, Building Permits, and the Philadelphia Fed.
Charts Courtesy of http://finance.yahoo.com/
Oil edged lower after the Energy Information Administration reported that crude inventories rose 9.5 million barrels, gasoline inventories rose 2.8 million barrels, and distillates fell 700,000 barrels.
The U.S. dollar index erased early gains and ended lower on uncertainty over whether or not upcoming economic data will be strong enough to warrant a rate hike in March.
Treasuries fell as the Dow, Nasdaq, and S&P rose to new record highs again on optimism that recent economic strength can continue.
Among the big names making news in the market today were SodaStream, Groupon, Evoke Pharma, Verizon and Yahoo, and PepsiCo.
As of close of business: 2/14/2017
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Johannesburg Securities Exchange (JSE)
New Gold Debentures
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 201.29: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,410.74: No change from yesterday’s data.
Alamos Gold’s (AGI) feasibility study, Pan American’s (PAAS) error correction, and Golden Minerals’ (AUMN) Preliminary Economic Assessment were among the big stories in the gold and silver mining industry making headlines today.
HMY +2.89% $2.85
2. Americas Siler
USAS +2.76% $3.35
AGI +2.01% $8.63
1. Pan American
2. First Majestic
AG -3.75% $10.02
PVG -3.33% $11.31
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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