-- Published: Tuesday, 1 March 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1232.00 | -$8.00 |
Silver | $14.87 | -$0.04 |
XAU | 61.61 | -3.60% |
HUI | 160.50 | -4.17% |
GDM | 522.26 | -2.95% |
JSE Gold | 2081.44 | -0.53 |
USD | 98.36 | +0.13 |
Euro | 108.65 | -0.10 |
Yen | 87.79 | -0.95 |
Oil | $34.40 | +$0.65 |
10-Year | 1.834% | +0.094 |
T-Bond | 163.78125 | -2.09375 |
Dow | 16865.08 | +2.11% |
Nasdaq | 4689.59 | +2.89% |
S&P | 1978.35 | +2.39% |
The Metals:
Gold saw decent gains for most of trade in Asia and London before it fell to see an almost 1% loss by midmorning in New York, but it then bounced back higher into the close and ended with a loss of just 0.65%. Silver slipped to as low as $14.72 and ended with a loss of 0.27%.
Euro gold fell to about €1134, platinum remained at $934, and copper climbed a couple of cents to about $2.14.
Gold and silver equities fell about 3% by midday and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Construction Spending | Jan | 1.5% | 0.5% | 0.6% |
ISM Index | Feb | 49.5 | 49.0 | 48.2 |
Tomorrow brings ADP Employment and the Fed's Beige Book.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose on continued talk of stabilizing output levels.
The U.S. dollar index rose and treasuries fell on better than expected economic data that sent the Dow, Nasdaq, and S&P over 2% higher.
Among the big names making news in the market today were Ford, Fiat Chrysler, Toyota, GM, ICE, and Honeywell.
GATA Posts:
TF sees stock market collapse, Moolman expects devaluations
Roy Sebag: Warren Buffett's math is trumped by gold
India imposes gold sales tax on top of record import duty
Mike Ballanger: Patiently climbing aboard the new golden bull
The Statistics:
As of close of business: 2/29/2016
Gold Warehouse Stocks: | 6,806,719.287 | +21,747.834 |
Silver Warehouse Stocks: | 152,787,793.990 | -1,472,818.68 |
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 | 777.274 | 24,990,130 | US$30,891m |
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$5,458m |
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$6,050m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$442m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 29.03 | 933,389 | US$1,155m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 14.869 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 189.42: +0.92 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,692.42: No change from yesterday’s data.
The Miners:
Pretivm’s (PVG) closed offering, Randgold’s (GOLD) thoughts on bullion prices, and MAG Silver’s (MVG) closed financing were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Turquoise | TRQ +4.98% $2.32 |
2. Freeport | FCX +1.70% $7.76 |
3. DRDGOLD | DRD +1.49% $3.40 |
LOSERS
1. Gold Fields | GFI -8.43% $3.91 |
2. B2Gold | BTG -7.14% $1.04 |
3. First Majestic | AG -6.68% $4.33 |
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, 1 March 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Slightly While Stocks Gain Over 2%
