-- Published: Thursday, 19 February 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1207.40 | -$3.80 |
Silver | $16.39 | -$0.06 |
XAU | 74.70 | -2.31% |
HUI | 183.89 | -2.36% |
GDM | 570.47 | -2.40% |
JSE Gold | 1390.15 | +9.87 |
USD | 94.42 | +0.36 |
Euro | 113.61 | -0.43 |
Yen | 84.06 | -0.19 |
Oil | $51.16 | -$0.98 |
10-Year | 2.113% | +0.047 |
Bond | 144.375 | -0.4375 |
Dow | 17985.77 | -0.24% |
Nasdaq | 4924.70 | +0.37% |
S&P | 2097.45 | -0.11% |
The Metals:
Gold climbed $11.75 to $1222.95 at about 7:30AM EST before it fell back off in New York, but it ended with a loss of just 0.31%. Silver rose to as high as $16.795 and ended with a loss of 0.37%.
Euro gold rose to about €1063, platinum lost $5 to $1166, and copper remained at about $2.62.
Gold and silver equities drifted lower for most of trade and ended with over 2% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 2/14 | 283K | 295K | 304K |
Philadelphia Fed | Feb | 5.2 | 8.5 | 6.3 |
Leading Indicators | Jan | 0.2% | 0.3% | 0.4% |
There are no major economic reports due out tomorrow.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil pared notable early losses after the Energy Information Administration reported that crude inventories rose 7.7 million barrels, gasoline inventories rose 500,000 barrels, and distillates fell 3.8 million barrels.
The U.S. dollar rose as the euro fell on worries about Greece.
Treasuries fell on decent economic data.
The Dow and S&P saw slight losses while the Nasdaq rose on mixed earnings reports.
Among the big names making news in the market today were Priceline, Wal-Mart, AmEx, Pinterest, and Sears.
GATA Posts:
Koos Jansen: Why do mainstream analysts distort, minimize China gold demand?
Middlekoop and Macleod see a gold-based reset
The Statistics:
Activity from: 2/18/2015
Gold Warehouse Stocks: | 8,272,621.492 | +16,307.601 |
Silver Warehouse Stocks: | 174,757,415.170 | -323,962.68 |
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 | 767.964 | 24,690,821 | US$29,854m |
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$5,378m |
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$433m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 38.40 | 1,234,459 | US$1,506m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 0.299 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 167.03: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,086.84: +123.33 change from yesterday’s data.
The Miners:
Goldcorp’s (GG) year end results, Richmont’s (RIC) year end results, Golden Star’s (GSS) year end results, Alamos Gold’s (AGI) year end results, Bear Creek’s (BCM.V) Feasibility Study update, and Pan American’s (PAAS) year end results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Richmont | RIC +6.25% $3.40 |
2. Barrick | ABX +4.82% $12.82 |
3. Hecla | HL +2.39% $3.43 |
LOSERS
1. Coeur | CDE -12.55% $6.06 |
2. Paramount | PZG -11.19% $1.27 |
3. Goldcorp | GG -8.40% $21.36 |
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: Thursday, 19 February 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Lower
