-- Published: Thursday, 4 February 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1155.70 | +$13.60 |
Silver | $14.86 | +$0.21 |
XAU | 52.62 | +5.22% |
HUI | 139.87 | +5.47% |
GDM | 446.79 | +5.37% |
JSE Gold | 1710.88 | +157.41 |
USD | 96.53 | -0.66 |
Euro | 112.08 | +1.15 |
Yen | 85.65 | +0.89 |
Oil | $31.72 | -$0.56 |
10-Year | 1.864% | -0.017 |
T-Bond | 162.84375 | +0.46875 |
Dow | 16416.58 | +0.49% |
Nasdaq | 4509.55 | +0.12% |
S&P | 1915.45 | +0.15% |
The Metals:
Gold gained $15.25 to $1157.35 by midafternoon in New York before it edged back lower in the last hour of trade, but it still ended with a gain of 1.19%. Silver rose to as high as $14.90 and ended with a gain of 1.43%.
Euro gold rose to about €1031, platinum gained $25 to $903, and copper climbed 3 cents to about $2.13.
Gold and silver equities rose over 6% in the first 45 minutes of trade before they drifted back lower in late trade, but they still ended over 5% higher on the day.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 1/30 | 285K | 275K | 277K |
Productivity | Q4 | -3.0% | -1.7% | 2.1% |
Unit Labor Costs | Q4 | 4.5% | 3.8% | 1.9% |
Factory Orders | Dec | -2.9% | -2.6% | -0.7% |
Tomorrow brings January’s jobs data, the Trade Balance, and Consumer Credit.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil pared yesterday’s 8% gain on uncertainty about future production levels.
The U.S. dollar index fell markedly again and treasuries rose on doubts over more interest rate hikes by the fed.
The Dow, Nasdaq, and S&P traded mixed and ended near unhanged on economic unrest.
Among the big names making news in the market today were Citadel, Kohl’s, Conoco, and Viacom.
GATA Posts:
London gold market wrestles over future: 'People want the physical, not paper'
USA Watchdog's Greg Hunter interviews Hugo Salinas Price on gold revaluation
NY Fed prez hints it's one-and-done for interest rate hikes
Gold figures heavily in Lars Schall's tremendous interview with Ronnie Stoeferle
The Statistics:
As of close of business: 2/3/2016
Gold Warehouse Stocks: | 6,515,752.918 | - |
Silver Warehouse Stocks: | 156,277,430.325 | +3,157.383 |
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 | 690.051 | 22,185,845 | US$25,645m |
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$5,129m |
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$5,665m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$415m |
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 4.461 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 170.56: +3.70 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,610.97: -11.85 change from yesterday’s data.
The Miners:
Centerra Gold’s (CG.TO) parliamentary resolution, Golden Star’s (GSS) drill results, Lake Shore’s (LSG) drill results, Primero’s (PPP) legal claim, and Tahoe’s (TAHO) dividend were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Freeport | FCX +17.94% $5.72 |
2. Royal Gold | RGLD +12.84% $35.94 |
3. Kinross | KGC +11.54% $2.03 |
LOSERS
1. Primero | PPP -28.14% $1.89 |
2. Richmont | RIC -1.99% $3.95 |
3. Pretivm | PVG -1.45% $4.76 |
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, 4 February 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Over 1% Again
