-- Published: Monday, 22 February 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1207.50 | -$21.80 |
Silver | $15.16 | -$0.20 |
XAU | 61.46 | +1.55% |
HUI | 160.19 | +0.93% |
GDM | 514.16 | +0.34% |
JSE Gold | 1745.38 | -40.20 |
USD | 97.38 | +0.75 |
Euro | 110.27 | -1.02 |
Yen | 88.64 | -0.19 |
Oil | $31.48 | +$1.84 |
10-Year | 1.766% | +0.018 |
T-Bond | 166.34375 | -0.25 |
Dow | 16620.66 | +1.40% |
Nasdaq | 4570.60 | +1.47% |
S&P | 1945.50 | +1.45% |
The Metals:
Gold fell $27.17 to $1202.13 on London before it bounced back higher in morning New York trade, but it still ended with a loss of 1.77%. Silver slipped to as low as $14.93 and ended with a loss of 1.3%.
Euro gold fell to about €1095, platinum lost $16.50 to $922.50, and copper climbed 4 cents to about $2.12.
Gold and silver equities saw about 2% losses at the open, but they then rallied back higher for most of the rest of trade and ended with about 1% gains.
The Economy:
The U.S. States Where Recession Is Already a Reality Bloomberg
Foreign central banks dump cash at U.S. Federal Reserve Reuters
Flash U.S. manufacturing PMI flashes warning sign MarketWatch
Tomorrow brings the Case-Shiller 20-city Index, Consumer Confidence, and Existing Home Sales.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil gained over 6% after the IEA projected that US shale oil production could fall this year and next.
The U.S. dollar index rose as the pound fell on talk that the UK will exit the EU.
Treasuries fell as the Dow, Nasdaq, and S&P closed over 1% higher on relief over oil’s rebound.
Among the big names making news in the market today were United Technologies, Valeant, HSBC, Apple, Allergan, and Goldman Sachs.
GATA Posts:
Douglas Pollitt: Just 30 tonnes of gold can be troublesome these days
Will next weekend bring 'the big reset'?
Sensitive data removed from China central bank report on capital flows
The Statistics:
As of close of business: 2/19/2016
Gold Warehouse Stocks: | 6,669,383.072 | -64.3 |
Silver Warehouse Stocks: | 155,195,855.039 | -7,072.828 |
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 | 732.963 | 23,565,481 | US$28,531m |
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$5,379m |
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$5,937m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$434m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 29.15 | 937,294 | US$1,133m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 19.332 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 184.50: +3.00 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,671.69: No change from yesterday’s data.
The Miners:
IAMGOLD’s (IAG) exploration update, Barrick’s (ABX) study results and tender offer, Richmont’s (RIC fourth quarter results, AngloGold’s (AU) fourth quarter results, Great Panther’s (GPL) updated Mineral Resource Estimate, and Santacruz Silver’s (SCZ.V) commissioning status were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Freeport | FCX +14.6% $7.93 |
2. Buenaventura | BVN +4.44% $5.41 |
3. AngloGold | AU +4.23% $11.34 |
LOSERS
1. Richmont | RIC -8.33% $4.40 |
2. Endeavour Silver | EXK -7.34% $1.64 |
3. DRDGOLD | DRD -7.14% $3.25 |
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: Monday, 22 February 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Over 1%
