Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 1% and 2% on the Week
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 11 17 2017
By: Ira Epstein

Next-Generation Crazy: The Fed Plans For The Coming Recession
By: John Rubino

COT Gold, Silver and US Dollar Index Report - November 17, 2017
By: GoldSeek.com

Gold Miners’ Q3’17 Fundamentals
By: Adam Hamilton, CPA

Bonfire of the Absurdities
By: John Mauldin

The Social Security Inflation Lag Calendar - Partial Indexing Part 1
By: Daniel R. Amerman, CFA

Rob From The Middle Class Economics
By: Gary Christenson

GoldSeek Radio Nugget: John Williams and Chris Waltzek
By: radio.GoldSeek.com

The Metals Market Is A Mess And Will Likely Continue To Frustrate You
By: Avi Gilburt

 
Search

GoldSeek Web

 
Gold Seeker Closing Report: Gold Gains While Oil Drops
By: Chris Mullen, Gold-Seeker.com

 -- Published: Thursday, 26 February 2015 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1208.40

+$3.80

Silver

$16.54

UNCH

XAU

76.16

+1.02%

HUI

190.08

+1.47%

GDM

584.54

+1.08%

JSE Gold

1357.11

+24.52

USD

95.30

+1.11

Euro

111.96

-1.68

Yen

83.72

-0.43

Oil

$48.17

-$2.82

10-Year

2.016%

+0.047

Bond

146.5625

-0.3125

Dow

18214.42

-0.06%

Nasdaq

4987.88

+0.42%

S&P

2110.74

-0.15%

 
 

 

The Metals:

 

Gold climbed $15.32 to $1219.92 in London before it fell back off in New York, but it still ended with a gain of 0.32%.  Silver rose to as high as $16.889 and ended unchanged on the day.

 

Euro gold rose to about €1079, platinum gained $4 to $1172, and copper climbed 5 cents to about $2.69.

 

Gold and silver equities rose over 1% at the open and remained near that level for the rest of the day.

 

The Economy:

 

Report

For

Reading

Expected

Previous

CPI

Jan

-0.7%

-0.6%

-0.3%

Core CPI

Jan

0.2%

0.1%

0.1%

Durable Goods

Jan

2.8%

1.7%

-3.7%

Durable Goods -ex trans.

Jan

0.3%

0.5%

-0.9%

Initial Claims

2/21

313K

290K

282K

FHFA Housing Price Index

Dec

0.8%

-

0.7%

 

Tomorrow brings GDP, Chicago PMI, Michigan Sentiment, and Pending Home Sales.

 

The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil fell over 5% on ample inventories as the U.S. dollar jumped higher on mostly better than expected economic data that sent treasuries lower.

 

The Dow, Nasdaq, and S&P traded mixed in uncertain trade.

 

Among the big names making news in the market today were Goldman Sachs, Ibovespa, and IBM.

 

The Commentary:

U.S. Stock Market - The old saying “they don’t ring bells at tops and bottoms” isn’t true; well at least this time around for U.S. stocks. The coming celebration and TOUT-TV (CNBC) extravaganza of the NASDAQ hitting 5,000 shall be a better market top signal than any lines one can draw on charts or argue fundamentally.

U.S. Bonds – Only one iron-clad rule here – avoid junk bonds (so-called high-yield) at all costs!

U.S. Dollar – Starting to see some negative momentum divergences on the charts but too early to think major top for U.S. Dollar. But the Fat Lady’s limo is nearing the building.

Gold – Despite an onslaught of bear attacks and the usual hate commentaries in the media, it continues to build a massive base that should allow much higher prices in the second half of the year.

Copper – I mentioned recently it was groping for a bottom. The groping is over as the bottom appears in.

Oil – Coin flip on which way the next $10 move is and seeing what happen to Aaron Rodgers on his last coin flip, I just leave oil alone for now.” - Peter Grandich, http://moneytalks.net/peters-content.html

GATA Posts:

 

 

Mark O'Byrne: 12 reasons why Ritholtz and many experts are mistaken on gold

Dollar Vigilante cites GATA in review of complaints about gold market rigging

 

The Statistics:

Activity from: 2/25/2015

Gold Warehouse Stocks:

8,337,371.592

-32.15

Silver Warehouse Stocks:

176,895,203.150

-

 

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$29,948m

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$5,373m

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$434m

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: 166.43: -0.45 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,131.48: No change from yesterday’s data.

 

The Miners:

 

Comstock’s (LODE) drill results, Great Panther’s (GPL) Letter Agreement to acquire Cangold, Silver Bear’s (SBR.TO) updated Mineral Resource estimate, and SilverCrest’s (SVLC) leave of absence were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Allied Nevada

ANV +8.42% $1.03

2.  Gold Fields

GFI +4.54% $4.61

3.  New Gold

NGD +4.51% $3.71

 

LOSERS

1.  Pan American

PAAS -2.04% $9.58

2.  Fortuna

FSM -1.82% $4.31

3.  Freeport

FCX -1.81% $21.11

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

 

- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2015

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

 

 

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions.  The author of this report is not a registered financial advisor.  Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate.  The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.  Past results are not necessarily indicative of future results.  Any statements non-factual in nature constitute only current opinions, which are subject to change.  Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein.  Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.

 


| Digg This Article
 -- Published: Thursday, 26 February 2015 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.