-- 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% |
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:
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
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-- Published: Monday, 29 February 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Over 1%
