-- Published: Wednesday, 3 February 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1142.10 | +$12.50 |
Silver | $14.65 | +$0.34 |
XAU | 50.01 | +8.15% |
HUI | 132.62 | +8.55% |
GDM | 424.71 | +6.35% |
JSE Gold | 1553.47 | +77.24 |
USD | 97.19 | -1.64 |
Euro | 111.12 | +1.94 |
Yen | 84.88 | +1.50 |
Oil | $32.28 | +$2.40 |
10-Year | 1.881% | +0.017 |
T-Bond | 162.3125 | -0.71875 |
Dow | 16336.66 | +1.13% |
Nasdaq | 4504.23 | -0.28% |
S&P | 1912.53 | +0.50% |
The Metals:
Gold fell $5.21 to $1124.39 in Asia, but it then climbed to as high as $1145.44 in afternoon New York trade and ended with a gain of 1.11%. Silver soared to as high as $14.791 and ended with a gain of 2.38%.
Euro gold fell to about €1028, platinum gained $25 to $878, and copper climbed 4 cents to about $2.10.
Gold and silver equities climbed higher throughout most of trade and ended with roughly 7% gains.
The Economy:
Report | For | Reading | Expected | Previous |
ADP Employment | Jan | 205K | 190K | 267K |
ISM Services | Jan | 53.5 | 55.0 | 55.8 |
Fed's Dudley to MNI: Tightening financial conditions a concern Reuters
Tomorrow brings Initial Jobless Claims, Productivity, Unit Labor Costs, and Factory Orders.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil jumped 8% higher on word that Russia is still talking to OPEC about possible production cuts.
The U.S. dollar index fell markedly on Dudley’s dovish commentary.
Treasuries fell on relief over oil’s rebound.
The Dow, Nasdaq, and S&P traded mixed as economic worries were offset by strength in the energy sector.
Among the big names making news in the market today were Comcast, GM, IAC, Barclays, and Merck.
GATA Posts:
Japanese central banker claims omnipotence for devaluing currency
China's gold production falls as demand rises
TF Metals Report: Connecting the Comex dots
The Statistics:
As of close of business: 2/2/2016
Gold Warehouse Stocks: | 6,515,752.918 | -11,560.635 |
Silver Warehouse Stocks: | 156,274,272.942 | +34,112.66 |
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 | 685.590 | 22,042,391 | US$24,943m |
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$5,057m |
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$5,588m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$410m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 29.16 | 937,489 | US$1,063m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 4.165 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 166.86: +0.41 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,622.82: -4.04 change from yesterday’s data.
The Miners:
AuRico’s (AMI.TO) year-end results, Comstock’s (LODE) permit approvals, Kirkland’s (KGI.TO) one millionth ounce from the Macassa Mine Complex, and Santacruz Silver’s (SCZ.V) operating results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Yamana | AUY +12.22% $2.02 |
2. Richmont | RIC +11.63% $4.03 |
3. Freeport | FCX +11.49% $4.85 |
LOSER
1. McEwen | MUX -1.45% $1.35 |
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, 3 February 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Over 1% and 2%
