-- Published: Tuesday, 9 February 2016 | Print | Disqus
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.
Tomorrow brings the Treasury Budget for January.
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.
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
As of close of business: 2/8/2016
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 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.
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.
1. Lake Shore
LSG +5.36% $1.18
2. Tahoe Resources
TAHO +1.02% $7.92
DRD -13.37% $3.37
AUY -7.09% $2.36
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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-- Published: Tuesday, 9 February 2016 | E-Mail | Print | Source: GoldSeek.com