-- Published: Tuesday, 25 February 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1340.60 | +$2.80 |
Silver | $21.86 | -$0.15 |
XAU | 101.60 | -1.57% |
HUI | 243.69 | -1.13% |
GDM | 732.68 | -1.26% |
JSE Gold | 1520.16 | -28.40 |
USD | 80.16 | -0.05 |
Euro | 137.40 | +0.07 |
Yen | 97.88 | +0.30 |
Oil | $101.83 | -$0.99 |
10-Year | 2.701% | -0.049 |
Bond | 133.625 | +0.78125 |
Dow | 16179.66 | -0.17% |
Nasdaq | 4287.58 | -0.13% |
S&P | 1845.12 | -0.13% |
The Metals:
Gold fell $6.38 to $1331.42 at about 5:45AM EST before it climbed to as high as $1343.58 by late morning in New York, but it then drifted back lower in the last half hour of trade and ended with a gain of just 0.21%. Silver slipped to $21.679 before it rallied back to $22.007, but it then fell back off in late trade and ended with a loss of 0.68%.
Euro gold rose to almost €976, platinum remained at $1435, and copper fell slightly to about $3.24.
Gold and silver equities traded mostly slightly lower and ended with about 1% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Case-Shiller 20-city Index | Dec | 13.4% | 13.6% | 13.7% |
FHFA Housing Price Index | Dec | 0.8% | - | -0.1% |
Consumer Confidence | Feb | 78.1 | 80.8 | 79.4 |
Tomorrow at 10AM EST brings New Home Sales for January expected at 400,000.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell ahead of tomorrow’s inventory report.
The U.S. dollar index dropped on more poor economic data.
Treasuries remained higher after today’s $32 billion 2-year note auction sold at a yield of 0.34% with a bid to cover of 3.60.
The Dow, Nasdaq, and S&P ended slightly lower in mixed trade.
Among the big names making news in the market today were T-Mobile, JPMorgan, Macy’s, and Home Depot.
GATA Posts:
Predictably enough, Wall Street Journal shills for gold price rigging
Bitcoin exchange Mt. Gox disappears in blow to virtual currency
Metal delivery failure complaints piling up against Tulving
Embry praises Dimitri Speck's book 'The Gold Cartel'
'Pony' botnet steals bitcoins, digital currencies, security firm says
The Statistics:
Activity from: 2/24/2014
Gold Warehouse Stocks: | 7,170,727.918 | +321.50 |
Silver Warehouse Stocks: | 182,037,819.569 | +100,365.21 |
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 | 801.605 | 25,772,417 | US$34,498m |
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$5,960m |
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$8,004m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$482m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 41.25 | 1,326,273 | US$1,676m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 3.297 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 164.24: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,159.49: +11.97 change from yesterday’s data.
The Miners:
Sandstorm’s (SAND) exercised mine option with SilverCrest (SVLC), Golden Star’s (GSS) changes to its board of directors, Kirkland’s (KGI.TO) drill results, Silver Bull’s (SVBL) water permits, Mines Management’s (MGN) permitting, and Paramount’s (PZG) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. B2Gold | BTG +1.74% $2.92 |
2. Almaden | AAU +1.19% $1.70 |
3. Eldorado | EGO +0.85% $7.08 |
LOSERS
1. Allied Nevada | ANV -9.31% $5.26 |
2. Solitario | XPL -8.48% $1.51 |
3. Midway | MDW -7.03% $1.19 |
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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-- Published: Tuesday, 25 February 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Mixed
