• Gold: 1,201.20 2.18
  • Silver: 14.47 0.20
  • Euro: 1.177 0.003
  • USDX: 94.118 -0.067
  • Oil: 72.25 -0.01

February 16: Gold and Silver Gain Over 2% on the Week

Chris Mullen
|
Friday, February 16th

 

Close

Gain/Loss

On Week

Gold

$1348.70

-$4.70

+2.58%

Silver

$16.68

-$0.20

+2.21%

XAU

83.23

-2.63%

+6.23%

HUI

184.95

-2.33%

+5.96%

GDM

631.75

-2.20%

+5.84%

JSE Gold

1204.14

+7.09

+6.38%

USD

89.15

+0.57

-1.42%

Euro

124.12

-0.90

+1.42%

Yen

94.00

-0.27

+2.07%

Oil

$61.68

+$0.34

+4.19%

10-Year

2.871%

-0.031

+0.56%

Bond

144.28125

+0.28125

+0.39%

Dow

25219.38

+0.08%

+4.25%

Nasdaq

7239.47

-0.23%

+5.31%

S&P

2732.22

+0.04%

+4.30%

 
http://www.goldseek.com/news/2018/2018-02-16_14-03-15.jpg

 

The Metals:

 

Gold gained $8.30 to $1361.70 in Asia, but it then fell to as low as $1345.00 in New York and ended with a loss of 0.35%. Silver slipped to as low as $16.618 and ended with a loss of 1.18%.

 

Euro gold rose to about €1087, platinum gained $5 to $1004, and copper remained at about $3.25.

 

Gold and silver equities fell almost 4% by midafternoon before they rallied back higher into the close, but they still ended over 2% lower on the day.

 

The Economy:

 

U.S. Consumer Sentiment Jumps as Tax Cuts Blunt Stock Drop  Bloomberg

U.S. import prices increase more than expected in January  Reuters

Housing starts soar in January, building permits hit 10 1/2-year high  MarketWatch

 

The Markets:

 

Oil edged higher as strong demand expectations overcame supply concerns.

 

The U.S. dollar index rose on profit taking as shorts covered bets that profited from what was almost the worst week in over a year.

 

Treasuries saw modest gains as the Dow, Nasdaq, and S&P erased decent gains seen midday and ended near unchanged on political uncertainty.

 

Among the big names making news in the market Friday were Waymo, Campbell, Coca-Cola, GE, Tesla, and GM.

 

GATA Posts:

 

 

Whistle-blower got $30 million for exposing JPMorganChase

Eric Sprott covers rising rates, falling dollar, strength in monetary metals

GATA secretary explains cowardice of gold mining industry, financial news media

Market rigging is getting old and will fail eventually, GATA's Steer says

Gold defied expectations to rise on inflation report, Turk says

 

The Statistics:

Activity from: 2/15/2018

Gold Warehouse Stocks:

9,102,010.723

-6,076.215

Silver Warehouse Stocks:

253,236,427.958

+738,622.84

 

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

821.298

26,405,541

US$35,697m

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$6,013m

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$6,645m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$484m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 2.36 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 264.33: +1.43 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,767.91: No change from yesterday’s data.

 

The Miners:

 

Yamana’s (AUY) outlook, 2017 results, and dividend, and Turquoise Hill’s (TRQ) power cancellation notification were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1.  Hecla

HL +1.79% $3.98

2.  Almaden

AAU +0.53% $0.9551

3.  NOVAGOLD

NG +0.24% $4.17

 

LOSERS

1.  Yamana

AUY -9.57% $3.12

2.  Sandstorm

SAND-6.03% $4.83

3.  McEwen

MUX -5.39% $2.28

Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.

 

- Chris Mullen, Gold Seeker Report

 

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© Gold Seeker 2018

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

 

 

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