-- Published: Wednesday, 25 February 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1204.60 | +$4.40 |
Silver | $16.54 | +$0.29 |
XAU | 75.51 | +2.07% |
HUI | 187.57 | +1.91% |
GDM | 579.21 | +2.06% |
JSE Gold | 1332.59 | +0.42 |
USD | 94.19 | -0.26 |
Euro | 113.64 | +0.21 |
Yen | 84.15 | +0.10 |
Oil | $50.99 | +$1.71 |
10-Year | 1.969% | -0.019 |
Bond | 147.03125 | +0.875 |
Dow | 18224.57 | +0.08% |
Nasdaq | 4967.13 | -0.02% |
S&P | 2113.86 | -0.08% |
The Metals:
Gold climbed $11.68 to $1211.88 in Asia before it fell back to $1201.17 in early afternoon New York trade, but it then bounced back higher into the close and ended with a gain of 0.37%. Silver rose to as high as $16.733 and ended with a gain of 1.79%.
Euro gold rose to about €1060, platinum gained $8 to $1168, and copper remained at about $2.64.
Gold and silver equities rose about 2% by late morning and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
New Home Sales | Jan | 481K | 470K | 482K |
U.S. mortgage applications fall in latest week: MBA Reuters
Tomorrow brings Initial Jobless Claims, CPI, Durable Goods Orders, and the FHFA Housing Price Index.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
“Crude oil futures rose on Wednesday after Saudi Arabia's oil minister said oil demand was growing and data showed Chinese factories were producing more than expected.”
The U.S. dollar remained weak on dovish fed expectations that sent treasuries higher.
The Dow, Nasdaq, and S&P waffled near unchanged in relatively quiet trade.
Among the big names making news in the market today were Warren Buffet, Walmart, Maersk, and Target.
GATA Posts:
King Report: Banks suspected of rigging gold likely do it for central banks
The disappeared: Chicago police detain Americans at abuse-laden 'black site'
BNY Mellon in settlement talks over forex fraud, sources tell Reuters
New York Sun: Janet Yellen's audit
The Statistics:
Activity from: 2/24/2015
Gold Warehouse Stocks: | 8,337,403.742 | +64,300.00 |
Silver Warehouse Stocks: | 176,895,203.150 | +504,045.49 |
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$29,862m |
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$5,353m |
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$432m |
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: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,131.48: No change from yesterday’s data.
The Miners:
Midway’s (MDW) joint venture with Barrick, Eurasian’s (EMXX) corporate update, and Vista Gold’s (VGZ) agency agreement were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Primero | PPP +5.15% $3.47 |
2. Agnico Eagle | AEM +5.14% $32.12 |
3. Avino | ASM +4.96% $1.48 |
LOSERS
1. SilverCrest | SVLC -1.63% $1.21 |
2. NovaGold | NG -1.34% $3.67 |
3. Rubicon | RBY -0.88% $1.12 |
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: Wednesday, 25 February 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain With Oil
