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Gold Seeker Closing Report: Gold and Silver Gain Over 1% Again
By: Chris Mullen, Gold-Seeker.com

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

© Gold Seeker 2016

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 -- Published: Thursday, 4 February 2016 | E-Mail  | Print  | Source: GoldSeek.com

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