Please Note: US Markets are closed on Monday in observance of Presidents’ Day. Canadian markets are closed too for a variety of holidays.
Close | Gain/Loss | On Week | |
Gold | $1722.10 | -$6.30 | +0.15% |
Silver | $33.17 | -$0.31 | -0.90% |
XAU | 192.82 | -1.49% | -0.97% |
HUI | 520.72 | -1.24% | -0.61% |
GDM | 1505.72 | -1.22% | -0.53% |
JSE Gold | 2831.64 | +28.01 | -3.21% |
USD | 79.36 | +0.02 | +0.30% |
Euro | 131.48 | +0.16 | -0.17% |
Yen | 125.73 | -1.05 | -2.40% |
Oil | $103.24 | +$0.93 | +4.63% |
10-Year | 2.010% | +0.017 | +2.08% |
Bond | 142.09375 | -0.1875 | -0.48% |
Dow | 12949.87 | +0.35% | +1.16% |
Nasdaq | 2951.78 | -0.27% | +1.65% |
S&P | 1361.23 | +0.23% | +1.38% |
The Metals:
Gold bumped up to $1735.40 at about 8:30AM EST before it fell all of the way back to $1717.12 by late morning in New York and then bounced back higher in afternoon trade, but it still ended with a loss of 0.36%. Silver slipped to as low as $33.05 before it also bounced back higher, but it still ended with a loss of 0.93%.
Euro gold fell to about €1309, platinum gained $8.70 to $1628, and copper fell 9 cents to about $3.72.
Gold and silver equities fell about 1.5% by early afternoon and remained near that level for the rest of the day.
Report | For | Reading | Expected | Previous |
CPI | Jan | 0.2% | 0.3% | 0.0% |
Core CPI | Jan | 0.2% | 0.1% | 0.1% |
Leading Indicators | Jan | 0.4% | 0.5% | 0.5% |
Senate OKs payroll tax cut extension, sends to Obama Reuters
All of this week’s other economic reports:
Philadelphia Fed - February |
PPI - January |
Core PPI - January |
Building Permits - January |
Housing Starts - January |
Initial Claims - 2/11 |
NAHB Housing Market Index - February |
Capacity Utilization - January |
Industrial Production - January |
Net Long-Term TIC Flows - December |
Empire Manufacturing - February |
Business Inventories - December |
Import Prices - January |
Import Prices ex-oil - January |
Export Prices - January |
Export Prices ex-ag. - January |
Retail Sales - January |
Next week’s economic highlights include Existing Home Sales on Tuesday, Initial Jobless Claims on Thursday, and Michigan Sentiment and New Home Sales on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose on continued concerns about Iran.
The U.S. dollar index waffled near unchanged in quiet trade.
Treasuries fell as the Dow and S&P rose on optimism over a deal for Greece over the weekend.
Among the big names making news in the market Friday were Citigroup, Yelp, Amazon, and Gilead.
GATA Posts:
Italian police seize $6 trillion of fake U.S. T-bonds
Another misplaced sneer about gold from The Wall Street Journal
Gold Switzerland's interview with Embry covers gold market manipulation
Import data implies gold buying by China's central bank
Hide your gold in the attic and central banking does the rest
The Statistics:
Activity from: 2/16/2012
Gold Warehouse Stocks: | 11,431,131 | -450 |
Silver Warehouse Stocks: | 128,808,936 | -322,200 |
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) | SPDR® Gold Shares | 1281.285 | 41,194,582 | US$70,549m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 118.63 | 3,813,918 | US$6,556m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 126.23 | 4,058,350 | US$6,985m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 472,783 | US$788m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 40.37 | 1,297,879 | US$2,235m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 3.023 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 179.27: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,591.72: No change from yesterday’s data.
Freeport’s (FCX) plans to extend its contract with Indonesia's government, Gold Fields’ (GFI) quarterly results, and Extorre’s (XG) cancelled bought deal financing were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Mag Silver | MVG+5.71% $9.25 |
2. Solitario | XPL +5.00% $1.68 |
3. Kimber | KBX +2.65% $1.16 |
LOSERS
1. Extorre | XG -6.03% $8.26 |
2. Franco Nevada | FNV -4.13% $42.25 |
3. Rubicon | RBY -3.64% $3.71 |
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:
- http://www.capitalupdates.com
- http://www.goldseek.com
- http://www.silverseek.com
- http://www.goldreview.com
© Gold Seeker 2012
Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.
Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.
About the author
