-- Published: Monday, 8 February 2016 | Print | Disqus
Gold saw almost 1% losses for much of trade in Asia, but it then climbed higher through most of the rest of the day and ended near its midafternoon high of $1200.65 with a gain of 1.41%. Silver surged to as high as $15.453 and ended with a gain of 1.8%.
Euro gold rose above €1063, platinum gained $15 to $924, and copper remained at about $2.09.
Gold and silver equities rose about 5% by midday before they edged back lower in the last couple hours of trade, but they ended with about 4% gains.
U.S. inflation survey tumbles in red flag for Fed Reuters
Tomorrow brings Wholesale Inventories for December expected at 0.0%.
Charts Courtesy of http://finance.yahoo.com/
Oil fell almost 4% on the lack of progress towards a possible deal to cut production.
The U.S. dollar index dropped as the yen rose along with treasuries on worries about the global economy that sent the Dow, Nasdaq, and S&P over 1% lower.
Among the big names making news in the market today were LinkedIn, Chesapeake, Brixmor, Popolare Milano, and Deutsche Bank.
GATA Chairman Murphy interviewed by Future Money Trends
To cut debt, Glencore will assign future Chilean gold production to Franco-Nevada
GATA secretary will speak at Hong Kong and Singapore conferences in April
Miles Franklin's Schectman, Hoffman plan presentations in Minneapolis, Phoenix
MarketWatch profile of Nanex's Hunsader omits his most important work
Iran wants euro payment for new and outstanding oil sales, source tells Reuters
Financial journalists start to notice the worldwide debt bubble
As of close of business: 2/5/2016
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Johannesburg Securities Exchange (JSE)
New Gold Debentures
Note: Change in Total Tonnes from yesterday’s data: SPDR added 4.841 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 173.03: +1.56 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,610.97: No change from yesterday’s data.
Tahoe’s (TAHO) Arrangement Agreement with Lake Shore (LSG), Lake Shore’s initial resource estimate, and Randgold’s (GOLD) 2015 production results were among the big stories in the gold and silver mining industry making headlines today.
DRD +17.17% $3.89
2. Endeavour Silver
EXK +17.04% $1.58
AUY +10.92% $2.54
FCX -7.22% $5.27
2. Tahoe Resources
TAHO -6.67% $7.84
EGO -3.50% $2.76
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: Monday, 8 February 2016 | E-Mail | Print | Source: GoldSeek.com