• Gold: 1,246.94 0.68
  • Silver: 14.69 0.01
  • Euro: 1.135 0.001
  • USDX: 97.1 -0.311
  • Oil: 49.71 0.33

February 13: Gold and Silver Gain Again

Chris Mullen
|
Tuesday, February 13th

 

Close

Gain/Loss

Gold

$1329.30

+$8.00

Silver

$16.57

+$0.05

XAU

81.06

-0.03%

HUI

180.45

UNCH

GDM

615.81

+0.37%

JSE Gold

1170.31

+51.97

USD

89.69

-0.45

Euro

123.51

+0.59

Yen

92.78

+0.76

Oil

$59.19

-$0.10

10-Year

2.829%

-0.028

T-Bond

144.75

+0.34375

Dow

24640.45

+0.16%

Nasdaq

7013.51

+0.45%

S&P

2662.94

+0.26%

 
http://www.goldseek.com/news/2018/2018-02-13_15-31-53.jpg

 

The Metals:

 

Gold gained $9.40 to $1330.70 in London before it fell back to $1322.90 in early New York trade, but it then rallied back higher into the close and ended with a gain of 0.61%. Silver rose to as high as $16.683 and ended with a gain of 0.3%.

 

Euro gold rose to about €1076, platinum gained $4 to $972, and copper climbed 8 cents to about $3.17.

 

Gold and silver equities waffled near unchanged and ended mixed.

 

The Economy:

 

Home Prices in Two-Thirds of U.S. Cities Hit Records  Bloomberg

‘Risks of a recession’ are rising, says head of world’s largest hedge fund  MarketWatch

Record Number of U.S. Small-Business Owners Say It's a Good Time to Expand  Bloomberg

Cleveland Fed's Mester: market rout not impacting economic outlook  Reuters

History suggests strong economy can ward off bear market  Reuters

 

Tomorrow brings CPI, Retail Sales, and Business Inventories.

 

The Markets:

 

Oil edged lower on concerns about growing output from non-OPEC producers.

 

The U.S. dollar index fell and treasuries rose while the Dow, Nasdaq, and S&P erased early losses and ended higher ahead of tomorrow’s inflation data.

 

Among the big names making news in the market today were Under Armour, Bitcoin, Google, Broadcom, Walgreens, PepsiCo, and Caterpillar.

 

GATA Posts:

 

 

VIX manipulation costs investors billions, whistle-blower tells CFTC

 

The Statistics:

As of close of business: 2/12/2018

Gold Warehouse Stocks:

9,125,356.223

+27,044.191

Silver Warehouse Stocks:

251,591,178.662

+173,930.031

 

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

820.707

26,386,565

US$34,966m

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$5,898m

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$6,520m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$477m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 262.90: No change from yesterday’s data.

 

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

 

The Miners:

 

Seabridge Gold’s (SA) updated independent mineral resource estimate, IAMGOLD’s (IAG) increase in reserves and Pre-feasibility Study, and Avino’s (ASM) 2017 year end summary and outlook for 2018 were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Seabridge

SA +4.81% $10.90

2.  Hecla

HL +3.20% $3.87

3.  Sibanye

SBGL +2.76% $4.47

 

LOSERS

1.  Tahoe Resources

TAHO -6.28% $3.88

2.  Pretivm

PVG -3.12% $6.83

3.  Northern Dynasty

NAK -2.68% $1.09

Winners & Losers tracks NYSE 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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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2018

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