Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Closing Report: Gold and Silver Gain About 1%
By: Chris Mullen, Gold Seeker Report

Northern Vertex Files Preliminary Economic Assessment Report for the Moss Gold Mine in NW Arizona
By: Northern Vertex Mining Corp.

Does The CoT Structure Prohibit A Rally?
By: Craig Hemke

Harry Dent’s Gold Prediction Invalidated
By: Przemyslaw Radomski, CFA

SELLING OUT OF PRECIOUS METALS AND BUYING BITCOIN…. Very Bad Idea
By: Steve St. Angelo

The Bitcoin Bubble Explained in 4 Charts
By: Jake Weber

VXX Sends an Awesome Message from Another Galaxy
By: Rick Ackerman

Geopolitical Risk Highest “In Four Decades” – Gold Demand in Germany and Globally to Remain Robust
By: GoldCore

Asian Metals Market Update: November-22-2017
By: Chintan Karnani, Insignia Consultants

Gold Seeker Closing Report: Gold and Silver Gain With Stocks
By: Chris Mullen, Gold Seeker Report

 
Search

GoldSeek Web

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

 -- Published: Monday, 29 February 2016 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1240.00

+$15.70

Silver

$14.91

+$0.19

XAU

63.91

+3.26%

HUI

167.49

+3.68%

GDM

535.99

+2.26%

JSE Gold

2081.97

+20.91

USD

98.23

+0.14

Euro

108.81

-0.50

Yen

88.68

+0.95

Oil

$33.75

+$0.97

10-Year

1.740%

-0.022

T-Bond

166.03125

+0.40625

Dow

16516.50

-0.74%

Nasdaq

4557.94

-0.71%

S&P

1932.23

-0.81%

 
 
http://goldseek.com/news/GoldSeeker/2016/2-29gsr/1.jpg

 

The Metals:

 

Gold rose almost 1% in London before it fell back to nearly unchanged at about 8:30AM EST, but it then climbed to a new session high of $1241.02 in New York and ended with a gain of 1.28%.  Silver rose to as high as $14.913 and ended with a gain of 1.29%.

 

Euro gold rose to about €1140, platinum gained $23 to $934, and copper remained at about $2.12.

 

Gold and silver equities rose roughly 2% in the first half hour of trade before they drifted back a bit into midday, but they then rallied back higher again in the last few hours of trade and ended with about 3% gains.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Chicago PMI

Feb

47.6

52.0

55.6

Pending Home Sales

Jan

-2.5%

0.7%

0.9%

 

China Reserve-Ratio Cut Signals Growth Takes Priority Over Yuan  Bloomberg

 

Tomorrow brings Construction Spending and the ISM Index.

 

The Markets:

 

http://goldseek.com/news/GoldSeeker/2016/2-29gsr/1.png

Charts Courtesy of http://finance.yahoo.com/

 

Oil rose 3% on new stimulative measures out of China and continued talk over possible output freezes.

 

The U.S. dollar index saw slight gains as the euro fell on expectations for a dovish ECB at their meeting next week.

 

Treasuries traded modestly higher as the Dow, Nasdaq, and S&P fell in afternoon trade on worries about interest rates and the economy.

 

Among the big names making news in the market today were Valeant, RBC, and IBM.

 

GATA Posts:

 

 

OMG: London Times acknowledges increasing vulnerability of gold derivatives

Eurozone slides back into deflation

India imposes gold sales tax on top of record import duty

 

The Statistics:

As of close of business: 2/26/2016

Gold Warehouse Stocks:

6,784,971.453

-321.50

Silver Warehouse Stocks:

154,260,612.670

+54,797.129

 

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

762.405

24,512,080

US$30,261m

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$5,475m

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$6,058m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$445m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

29.03

933,399

US$1,152m

Note: Change in Total Tonnes from yesterday’s data: SPDR added 2.082 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 188.52: +0.27 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,692.42: No change from yesterday’s data.

 

The Miners:

 

Gold Reserve’s (GRZ.V) Memorandum of Understanding with the Bolivarian Republic of Venezuela, Endeavour Mining’s (EDV.TO) mine sale, Proven and Probable mineral reserves, and Measured and Indicated mineral resources, Vista Gold’s (VGZ) 2015 results, Osisko’s (OR.TO) 2015 results, Primero’s (PPP) exploration update, and Coeur’s (CDE) drill results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Coeur

CDE +8.73% $3.86

2.  Harmony

HMY +8.67% $3.26

3.  New Gold

NGD +7.28% $3.39

 

LOSERS

1.  Avino

ASM -0.93% $1.06

2.  Turquoise

TRQ -0.90% $2.21

3.  Pan American

PAAS -0.31% $9.59

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: Monday, 29 February 2016 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.