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Gold Seeker Closing Report: Gold Gains Over 2%
By: Chris Mullen, Gold-Seeker.com

 -- 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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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2016

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Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions.  The author of this report is not a registered financial advisor.  Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate.  The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.  Past results are not necessarily indicative of future results.  Any statements non-factual in nature constitute only current opinions, which are subject to change.  Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein.  Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.


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 -- Published: Thursday, 18 February 2016 | E-Mail  | Print  | Source: GoldSeek.com

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