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Gold Seeker Closing Report: Gold and Silver End Slightly Lower
By: Chris Mullen, Gold-Seeker.com

 -- Published: Tuesday, 9 February 2016 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1187.80

-$2.40

Silver

$15.23

-$0.08

XAU

54.34

-4.28%

HUI

145.58

-4.41%

GDM

471.96

-2.39%

JSE Gold

1832.06

-17.77

USD

96.02

-0.71

Euro

112.92

+0.99

Yen

86.93

+0.60

Oil

$27.94

-$1.75

10-Year

1.729%

-0.006

T-Bond

166.03125

UNCH

Dow

16014.38

-0.08%

Nasdaq

4268.76

-0.35%

S&P

1852.21

-0.07%

 
 

 

The Metals:

 

Gold edged down to $1185.75 in Asia before it chopped up to $1198.93 in early afternoon New York trade, but it then fell back off into the close and ended with a loss of 0.2%.  Silver slipped to as low as $15.184 and ended with a loss of 0.52%.

 

Euro gold fell to about €1052, platinum gained $4.5o to $928.50, and copper fell 5 cents to about $2.04.

 

Gold and silver equities waffled near unchanged for most of the morning, but they then fell back off in the last few hours of trade and ended with roughly 3% losses.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Wholesale Inventories

Dec

-0.1%

0.0%

-0.4%

 

Tomorrow brings the Treasury Budget for January.

 

The Markets:

 

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

 

Oil fell almost 6% after the Energy Information Administration cut its 2016 price forecasts.

 

The U.S. dollar index fell on continued concerns about the global economy that sent treasuries higher.

 

The Dow, Nasdaq, and S&P ended slightly lower in mixed trade.

 

Among the big names making news in the market today were Deutsche Bank, Viacom, and Coca-Cola.

 

GATA Posts:

 

 

German-language interview with 'Big Reset' author Willem Middelkoop

Six London Metal Exchange members resign, including Rio Tinto

Ronan Manly: January smash in London silver fix arose from broken promises

The probability of negative U.S. rates is on the rise

 

The Statistics:

As of close of business: 2/8/2016

Gold Warehouse Stocks:

6,562,148.908

+47,824.99

Silver Warehouse Stocks:

156,604,925.168

+545,646.393

 

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

703.518

22,618,819

US$26,936m

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$5,304m

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$5,864m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$426m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

29.16

937,427

US$1,114m

Note: Change in Total Tonnes from yesterday’s data: SPDR added 5.056 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 173.78: +0.75 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,610.97: No change from yesterday’s data.

 

The Miners:

 

AngloGold’s (AU) need for troops in Ghana and Richmont’s (RIC) updated Mineral Reserves and Resources were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Lake Shore

LSG +5.36% $1.18

2.  Tahoe Resources

TAHO +1.02% $7.92

 

LOSERS

1.  DRDGOLD

DRD -13.37% $3.37

2.  Yamana

AUY -7.09% $2.36

3.  Alamos

AGI -7.06% $3.82

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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© Gold Seeker 2016

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 -- Published: Tuesday, 9 February 2016 | E-Mail  | Print  | Source: GoldSeek.com

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