• Gold: 1,292.14 0.38
  • Silver: 16.50 0.07
  • Euro: 1.177 0.001
  • USDX: 93.69 -0.133
  • Oil: 72.44 1.05

February 12: Gold and Silver Gain With Stocks

Chris Mullen
|
Monday, February 12th

 

Close

Gain/Loss

Gold

$1321.30

+$6.50

Silver

$16.52

+$0.20

XAU

81.08

+3.49%

HUI

180.45

+3.38%

GDM

613.99

+2.89%

JSE Gold

1118.34

-13.55

USD

90.14

-0.29

Euro

122.92

+0.54

Yen

92.02

-0.07

Oil

$59.29

+$0.09

10-Year

2.857%

+0.002

T-Bond

144.50

+0.34375

Dow

24601.27

+1.70%

Nasdaq

6981.96

+1.56%

S&P

2656.00

+1.39%

 
http://www.goldseek.com/news/2018/2018-02-12_14-01-37.jpg

 

The Metals:

 

Gold gained $11.10 to $1325.90 in early Asian trade before it fell back to $1317.50 in London, but it then climbed to a new session high of $1326.10 in New York and ended with a gain of 0.49%. Silver rose to as high as $16.619 and ended with a gain of 1.23%.

 

Euro gold remained at about €1075, platinum gained $7 to $968, and copper climbed 5 cents to about $3.09.

 

Gold and silver equities rose roughly 4% by midafternoon before they edged back lower in late trade, but they still ended about 3% higher on the day.

 

The Economy:

 

U.S. runs January budget surplus of $49 billion, Treasury says  MarketWatch

Trump Unveils $4.4 Trillion 2019 Budget Proposal  Bloomberg

TREASURIES-Yields rise on strong U.S. growth outlook; inflation in focus this week  Reuters

Latest budget could make interest rates ‘spike,’ says White House’s Mulvaney  MarketWatch

U.S. inflation expectations drop in January: New York Fed survey  MarketWatch

 

Tomorrow brings the NFIB Small Business Optimism Index.

 

The Markets:

 

Oil pared early gains but remained slightly higher at the close on comments from Kuwait’s Oil Minister that reflected strong global demand, high compliance to restrained output levels, and little concern over rising US shale output.

 

The U.S. dollar index fell and treasuries traded mixed while the Dow, Nasdaq, and S&P climbed over 1% higher on hopes for renewed stability after last week’s volatile action.

 

Among the big names making news in the market today were Apple, Ford, Deutsche Bank, Bitcoin, Barclays, and Wells Fargo.

 

GATA Posts:

 

 

Gold giant Barrick faces grilling after fall to the bottom of the pack

The Economist: Insider trading has been rife on Wall St., academics conclude

Ed Steer's Gold and Silver Digest posted in the clear at GoldSeek

 

The Statistics:

As of close of business: 2/9/2018

Gold Warehouse Stocks:

9,098,312.032

-183,144.973

Silver Warehouse Stocks:

251,417,248.631

+1,147,786.219

 

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$34,886m

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$5,879m

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$6,500m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$475m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 5.607 tonnes.

 

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:

 

Centerra Gold’s (CG.TO) Investment Incentive Certificate, Acacia’s (ACA.L) dispute with the Tanzanian government, Barrick’s (ABX) upcoming earnings report, and Hecla’s (HL) discoveries were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Avino

ASM +13.71% $1.41

2.  Americas Silver

USAS +10.83% $3.89

3.  Taseko

TGB +9.49%$1.73

 

LOSERS

1.  Paramount

PZG -2.44% $1.20

2.  Seabridge

SA -1.89% $10.40

3.  Nevsun

NSU -0.92% $2.15

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

 

- 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 2018

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