Please Note: US Markets are closed on Monday in observance of Presidents’ Day. Canadian markets are closed too for a variety of holidays.
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.
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.
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.
Activity from: 2/16/2012
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Johannesburg Securities Exchange (JSE)
New Gold Debentures
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.
1. Mag Silver
XPL +5.00% $1.68
KBX +2.65% $1.16
XG -6.03% $8.26
2. Franco Nevada
FNV -4.13% $42.25
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
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© Gold Seeker 2012
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