-- Published: Thursday, 18 February 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1236.80 | +$28.60 |
Silver | $15.49 | +$0.22 |
XAU | 61.55 | +4.86% |
HUI | 161.43 | +4.86% |
GDM | 517.10 | +5.22% |
JSE Gold | 1657.07 | -139.56 |
USD | 96.90 | +0.06 |
Euro | 110.92 | -0.35 |
Yen | 88.28 | +0.63 |
Oil | $30.77 | +$0.11 |
10-Year | 1.759% | -0.060 |
T-Bond | 166.4375 | +1.875 |
Dow | 16413.43 | -0.25% |
Nasdaq | 4487.53 | -1.03% |
S&P | 1917.83 | -0.47% |
The Metals:
Gold held near unchanged in Asia before it dipped $6.90 to $1201.30 in London, but it then marched steadily higher throughout most of trade in New York and ended near its late session high of $1239.68 with a gain of 2.37%. Silver rose to as high as $15.543 and ended with a gain of 1.44%.
Euro gold climbed over €1114, platinum gained $2.50 to $943.50, and copper remained at about $2.08.
Gold and silver equities fell roughly 2% at the open, but they then rallied back higher for most of the rest of the day and ended with about 5% gains.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 2/13 | 262K | 274K | 269K |
Philadelphia Fed | Feb | -2.8 | -2.9 | -3.5 |
Leading Indicators | Jan | -0.2% | -0.2% | -0.3% |
Tomorrow brings CPI for January.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil erased most of its early gains after the Energy Information Administration reported that crude inventories rose 2.1 million barrels, gasoline inventories rose 3 million barrels, and distillates rose 1.4 million barrels.
The U.S. dollar index traded mostly slightly higher on steady economic data.
Treasuries rose as the Dow, Nasdaq, and S&P failed to add on to yesterday’s rally.
Among the big names making news in the market today were Anglo American, Uber, Dish, IBM, and Wal-Mart.
GATA Posts:
Alasdair Macleod: The true role of gold
Interviews with GATA Chairman Murphy and GoldMoney founder Turk
Negative interest rates a 'dangerous experiment' as monetary policy hits buffers
The Statistics:
As of close of business: 2/17/2016
Gold Warehouse Stocks: | 6,669,447.372 | +2,360.35 |
Silver Warehouse Stocks: | 155,980,989.102 | -1,128,225.34 |
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 | 710.954 | 22,857,891 | US$27,655m |
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$5,414m |
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$5,977m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$443m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 29.15 | 937,335 | US$1,135m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 180.39: +1.20 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,671.69: -38.5 change from yesterday’s data.
The Miners:
Primero’s (PPP) fourth quarter and full year 2015 financial results, Gold Fields’ (GFI) earnings, and Pan American’s (PAAS) fourth quarter and full year 2015 financial results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Coeur | CDE +11.61% $3.75 |
2. B2Gold | BTG +9.80% $1.12 |
3. Fortuna | FSM +9.73% $3.61 |
LOSERS
1. Gold Fields | GFI -4.72% $4.04 |
2. Primero | PPP -3.97% $1.45 |
3. Freeport | FCX -0.14% $7.15 |
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, 18 February 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Gains Over 2% 
