-- Published: Friday, 26 February 2016 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1224.30 | -$8.70 | -0.41% |
Silver | $14.72 | -$0.41 | -4.17% |
XAU | 61.89 | -2.57% | +2.26% |
HUI | 161.54 | -3.71% | +1.78% |
GDM | 523.92 | -2.79% | +2.10% |
JSE Gold | 2061.06 | +26.89 | +15.43% |
USD | 98.09 | +0.69 | +1.51% |
Euro | 109.36 | -0.89 | -1.75% |
Yen | 87.75 | -0.75 | -1.15% |
Oil | $32.78 | -$0.29 | +10.59% |
10-Year | 1.762% | +0.065 | +0.80% |
Bond | 165.71875 | -1.625 | -0.47% |
Dow | 16639.97 | -0.34% | +1.51% |
Nasdaq | 4590.47 | +0.18% | +1.91% |
S&P | 1948.05 | -0.19% | +1.58% |
The Metals:
Gold fell $21.52 to as low as $1211.48 by late morning in New York before it bounced back higher in early afternoon trade, but it still ended with a loss of 0.71%. Silver slipped to as low as $14.672 and ended with a loss of 2.71%.
Euro gold rose to about €1119, platinum lost $13 to $911, and copper climbed 4 cents to about $2.12.
Gold and silver equities dropped over 3% by late morning before they edged back higher at times, but they still ended with roughly 3% losses.
The Economy:
Report | For | Reading | Expected | Previous |
GDP | Q4 | 1.0% | 0.4% | 0.7% |
GDP Deflator | Q4 | 0.9% | 0.8% | 0.8% |
Personal Income | Jan | 0.5% | 0.4% | 0.3% |
Personal Spending | Jan | 0.5% | 0.3% | 0.1% |
Core PCE Prices | Jan | 0.3% | 0.1% | 0.1% |
Michigan Sentiment | Feb | 91.7 | 91.0 | 90.7 |
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil erased early gains and closed almost 1% lower on end of the week profit taking.
The U.S. dollar index rose while treasuries fell on better than expected economic data.
The Dow, Nasdaq, and S&P traded mixed and ended near unchanged as economic optimism was offset by uncertainty over the oil market.
Among the big names making news in the market Friday were Standard Chartered, Bombardier, State Farm, and Warren Buffett.
GATA Posts:
Clashes over policy at Shanghai G20 meeting
The Statistics:
Activity from: 2/25/2016
Gold Warehouse Stocks: | 6,785,292.953 | +1,911.20 |
Silver Warehouse Stocks: | 154,205,815.541 | -1,654,490.59 |
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 | 760.323 | 24,445,152 | US$29,974m |
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$5,406m |
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$5,975m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$438m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 29.03 | 933,430 | US$1,148m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 188.25: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,692.42: No change from yesterday’s data.
The Miners:
Banro’s (BAA) closed financing, Goldcorp’s (GG) fourth quarter and full year 2015 results, Buenaventura’s (BVN) fourth quarter and full year 2015 results, and Great Panther’s (GPL) terminated option agreement were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Turquoise | TRQ +5.69% $2.23 |
2. Freeport | FCX +4.35% $7.43 |
3. Paramount | PZG +2.54% $1.21 |
LOSERS
1. Goldcorp | GG-12.78% $13.86 |
2. Silver Standard | SSRI -7.51% $5.54 |
3. Harmony | HMY -5.06% $3.00 |
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
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
Additional Resources for today’s Gold Seeker Report can be found:
© Gold Seeker 2016
Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.
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.
| Digg This Article
-- Published: Friday, 26 February 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver End Slightly Lower on the Week
