-- Published: Tuesday, 23 February 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1225.00 | +$17.50 |
Silver | $15.26 | +$0.10 |
XAU | 62.38 | +1.50% |
HUI | 163.86 | +2.29% |
GDM | 523.90 | +4.63% |
JSE Gold | 1822.07 | +76.69 |
USD | 97.45 | +0.07 |
Euro | 110.16 | -0.12 |
Yen | 89.19 | +0.60 |
Oil | $31.87 | -$1.52 |
10-Year | 1.745% | -0.021 |
T-Bond | 166.78125 | +0.59375 |
Dow | 16431.78 | -1.14% |
Nasdaq | 4503.58 | -1.47% |
S&P | 1921.27 | -1.25% |
The Metals:
Gold gained $18.94 to $1226.44 by late morning in New York before it edged back lower in early afternoon trade, but it still ended with a gain of 1.45%. Silver rose to as high as $15.303 and ended with a gain of 0.66%.
Euro gold rose to about €1112, platinum gained $17 to $939.50, and copper fell slightly to about $2.11.
Gold and silver equities rose roughly 3% in the first 20 minutes of trade and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Case-Shiller 20-city Index | Dec | 5.7% | 5.8% | 5.7% |
Consumer Confidence | Feb | 92.2 | 97.3 | 97.8 |
Existing Home Sales | Jan | 5.47M | 5.30M | 5.45M |
Tomorrow brings New Home Sales.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell over 4% “after Saudi Oil Minister Ali Al-Naimi ruled out any production cuts.”
The U.S. dollar index held near unchanged and treasuries rose as the Dow, Nasdaq, and S&P fell over 1% on renewed worries about the oil market.
Among the big names making news in the market today were Macy’s, Hugo Boss, BHP, Standard Chartered, Home Depot, Time, and JPMorgan.
GATA Posts:
Robert Appel: Technical analysis is just a weapon against the gold market
Gold hedging returns as Harmony, Acacia lock in profit margins
New York Sun: Ronald Reagan's gold
The Statistics:
As of close of business: 2//2016
Gold Warehouse Stocks: | 6,672,850.053 | +3,468.17 |
Silver Warehouse Stocks: | 155,499,604.519 | +303,749.48 |
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 | 752.294 | 24,186,990 | US$29,534m |
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$5,436m |
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$6,013m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$439m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 29.15 | 937,283 | US$1,145m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 19.331 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 187.50: +3.00 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,692.42: +20.73 change from yesterday’s data.
The Miners:
Pretivm’s (PVG) offering, Eurasian’s (EMXX) royalty purchases, Gold Standard’s (GSV) exploration program, and Hecla’s (HL) 2015 sales were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Primero | PPP +11.72% $1.62 |
2. AngloGold | AU +5.73% $11.99 |
3. Harmony | HMY +5.62% $2.82 |
LOSERS
1. Pretivm | PVG -10.67% $4.52 |
2. Freeport | FCX -8.70% $7.24 |
3. MAG Silver | MVG -8.84% $7.30 |
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: Tuesday, 23 February 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Roughly 1%
