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Gold Seeker Closing Report: Gold and Silver Fall Over 1%
By: Chris Mullen, Gold-Seeker.com

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

© Gold Seeker 2016

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 -- Published: Monday, 22 February 2016 | E-Mail  | Print  | Source: GoldSeek.com

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