• Gold: 1,249.11 0.32
  • Silver: 18.18 -0.00
  • Euro: 1.059 0.000
  • USDX: 100.98 -0.3
  • Oil: 54.38 0.46

February 16: Gold and Silver Gain As Dollar Drops

Chris Mullen
|
Thursday, February 16th
 

Close

Gain/Loss

Gold

$1239.30

+$6.70

Silver

$18.08

+$0.11

XAU

94.46

+1.13%

HUI

220.44

+2.10%

GDM

702.40

+1.39%

JSE Gold

1512.62

+3.20

USD

100.49

-0.58

Euro

106.74

+0.75

Yen

88.30

+0.70

Oil

$53.36

+$0.25

10-Year

2.450%

-0.052

T-Bond

150.6875

+0.75

Dow

20619.77

+0.04%

Nasdaq

5814.90

-0.08%

S&P

2347.22

-0.09%

 
 
http://goldseek.com/news/GoldSeeker/2017/2-16gsr/1.jpg

 

The Metals:

 

Gold gained $9.50 to $1242.10 in late morning New York trade before it drifted back lower in afternoon trade, but it still ended with a gain of 0.54%. Silver rose to as high as $18.126 and ended with a gain of 0.61%.

 

Euro gold fell to about €1161, platinum gained $3.50 to $1009, and copper fell 3 cents to about $2.74.

 

Gold and silver equities rose roughly 2% in the first half hour of trade and remained near that level for the rest of the day.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Initial Claims

2/11

239K

245K

234K

Housing Starts

Jan

1246K

1220K

1279K

Building Permits

Jan

1285K

1230K

1228K

Philadelphia Fed

Feb

43.3

17.5

23.6

 

Scoring the Fed's Decision: Will It Be Wise To Tighten in March? Bloomberg

 

Tomorrow brings Leading Indicators.

 

The Markets:

 

http://goldseek.com/news/GoldSeeker/2017/2-16gsr/1.png

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

 

Oil ended with modest gains “on speculation that OPEC will extend its output cut agreement.”

 

The U.S. dollar index fell on political uncertainty that sent treasuries higher and held the Dow, Nasdaq, and S&P near unchanged.

 

'I inherited a mess': Trump

Risk Rally Eases as U.S. Stocks Slip, Bonds Climb

 

Among the big names making news in the market today were Allianz, Tempur Sealy, Kate Spade, Tesla, and Snap.

 

GATA Posts:

 

 

Kyrgyzstan wants everyone to have 100 grams of gold

Agnico plans to invest $1.2 billion in gold projects in Canada's north

China's holdings of Treasuries dropped in 2016 by most on record

 

The Statistics:

As of close of business: 2/15/2017

Gold Warehouse Stocks:

8,946,247.917

+32,053.547

Silver Warehouse Stocks:

183,360,959.445

-240,556.11

 

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

843.539

27,120,609

US$33,639m

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$5,509m

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$6,087m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$444m

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 2.667 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 202.03: +0.74 change from yesterday’s data.

 

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

 

The Miners:

 

Seabridge Gold’s (SA) updated independent mineral resource estimate and Gold Fields’ (GFI) fatal accident and 2016 earnings were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. Seabridge

SA +6.67% $12.00

2. Barrick

ABX +6.11% $20.50

3. Goldcorp

GG +6.06% $17.67

 

 

LOSERS

1. Northern Dynasty

NAK-11.02% $2.26

2. Paramount

PZG -5.00% $1.90

3. Agnico Eagle

AEM -4.69% $47.10

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

 

- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2017

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