-- Published: Thursday, 11 February 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1244.20 | +$47.70 |
Silver | $15.70 | +$0.42 |
XAU | 58.76 | +6.06% |
HUI | 159.31 | +7.08% |
GDM | 503.46 | +6.01% |
JSE Gold | 1887.32 | +169.78 |
USD | 95.55 | -0.23 |
Euro | 113.22 | +0.38 |
Yen | 89.03 | +0.86 |
Oil | $26.21 | -$1.24 |
10-Year | 1.644% | -0.061 |
T-Bond | 168.50 | +1.4375 |
Dow | 15660.18 | -1.60% |
Nasdaq | 4266.83 | -0.39% |
S&P | 1829.08 | -1.23% |
The Metals:
Gold soared higher throughout most of world trade and ended near its late session high of $1257.51 with a gain of 3.99%. Silver jumped to as high as $15.941 and ended with a gain of 2.75%.
Euro gold rose to about €1099, platinum gained $24 to $955, and copper fell a couple of cents to about $2.01.
Gold and silver equities rose over 6% at the open and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 2/06 | 269K | 280K | 285K |
Yellen Says Fed Evaluating Possibility of Negative Rates Bloomberg
Sweden cuts main interest rate further below zero MarketWatch
Tomorrow brings export and Import Prices, Retail Sales, Business Inventories, and Michigan Sentiment.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell to the lowest since May 2003, the U.S. dollar index dropped, and treasuries rose markedly as the Dow, Nasdaq, and S&P settled roughly 1% lower on lost confidence in the world’s central bankers abilities to support the global economy.
Among the big names making news in the market today were Total, PepsiCo, Morgan Stanley, and Twitter.
GATA Posts:
Investors 'go bananas' for gold bars as global stock markets tumble
Alasdair Macleod: Feb. 5 gold smash failed and gold outlook has improved
World Gold Council celebrates the obvious about gold demand
Canada sells nearly half its gold reserves, 1.3 tonnes -- 1.7 tonnes remain
The Statistics:
As of close of business: 2/10/2016
Gold Warehouse Stocks: | 6,566,356.008 | - |
Silver Warehouse Stocks: | 157,588,616.808 | +316,125.17 |
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 | 702.031 | 22,571,004 | US$28,007m |
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$5,563m |
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$6,180m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$448m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 29.16 | 937,417 | US$1,116m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 174.83: +1.05 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,591.72: -19.25 change from yesterday’s data.
The Miners:
Franco-Nevada’s (FNV) increased financing, Richmont’s (RIC) operational outlook, and First Majestic’s (AG) credit facility were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Harmony | HMY +15.55% $2.75 |
2. Endeavour Silver | EXK +14.29% $1.68 |
3. Eldorado | EGO +13.48% $3.03 |
LOSER
1. Freeport | FCX -1.81% $4.89 |
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, 11 February 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Almost 4% and 3%
