-- Published: Tuesday, 24 February 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1200.20 | -$1.90 |
Silver | $16.25 | -$0.07 |
XAU | 74.00 | -0.31% |
HUI | 184.12 | -0.52% |
GDM | 567.87 | -0.37% |
JSE Gold | 1332.17 | -2.56 |
USD | 94.45 | -0.13 |
Euro | 113.45 | +0.10 |
Yen | 84.12 | -0.04 |
Oil | $49.28 | -$0.17 |
10-Year | 1.988% | -0.071 |
Bond | 146.1875 | +0.84375 |
Dow | 18209.19 | +0.51% |
Nasdaq | 4968.12 | +0.14% |
S&P | 2115.48 | +0.28% |
The Metals:
Gold dropped $10.35 to $1191.75 by a little after 10AM EST before it bounced back to $1202.64 in the next 40 minutes of trade and then fell back off again into midday, but it then rallied back higher in afternoon trade and ended with a loss of just 0.16%. Silver slipped to as low as $16.137 in late morning New York trade, but it then climbed back higher in the last 4 hours of the day and ended with a loss of just 0.43%.
Euro gold fell to about €1058, platinum remained at $1160, and copper climbed 5 cents to about $2.64.
Gold and silver equities fell about 1% at the open before they rose to see slight gains by late morning, but they then edged back lower into midday and ended with modest losses.
The Economy:
Report | For | Reading | Expected | Previous |
Case-Shiller 20-city Index | Dec | 4.5% | 4.3% | 4.3% |
Consumer Confidence | Feb | 96.4 | 99.6 | 103.8 |
Yellen Signals Fed to Be Flexible After Guidance Changes Bloomberg
Fed's Yellen describes transition to 'meeting by meeting' debate on rate hike Reuters
U.S. services sector activity jumps in February: Markit Reuters
Tomorrow brings New Home Sales for January expected at 470,000.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose in early trade “on news that production had stopped at Libya's largest oilfield,” but it then fell back off in late trade and ended slightly lower ahead of tomorrow’s supply data.
The U.S. dollar edged lower and treasuries climbed higher after Yellen’s testimony did not increase expectations for the timing of the fed’s interest rate hike.
The Dow, Nasdaq, and S&P traded mostly slightly higher on relative calm in Europe.
Among the big names making news in the market today were Bank of Montreal, Home Depot, and JPMorgan.
GATA Posts:
Big banks face scrutiny over pricing of metals
The Statistics:
Activity from: 2/23/2015
Gold Warehouse Stocks: | 8,273,103.742 | +514.40 |
Silver Warehouse Stocks: | 176,391,157.660 | +866,068.90 |
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 | 771.249 | 24,796,426 | US$29,558m |
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$5,304m |
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$430m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 38.40 | 1,234,459 | US$1,506m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 166.88: -1.05 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,131.48: +44.64 change from yesterday’s data.
The Miners:
Lake Shore’s (LSG) drill results, Turquoise Hill’s (TRQ) sale of its remaining stake in SouthGobi Resources Ltd., and SEMAFO’s (SMF.TO) up and running mill were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. MAG Silver | MVG +8.55% $6.98 |
2. First Majestic | AG +5.93% $5.72 |
3. Freeport | FCX +3.06% $21.22 |
LOSERS
1. Coeur | CDE -5.02% $5.49 |
2. IAMGOLD | IAG -4.20% $2.28 |
3. Hecla | HL -2.40% $3.26 |
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, 24 February 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Lower
