-- Published: Wednesday, 2 March 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1240.90 | +$8.90 |
Silver | $14.95 | +$0.08 |
XAU | 64.00 | +3.88% |
HUI | 165.87 | +3.35% |
GDM | 530.23 | +2.33% |
JSE Gold | 1977.74 | -103.70 |
USD | 98.19 | -0.17 |
Euro | 108.70 | +0.04 |
Yen | 88.18 | +0.54 |
Oil | $34.66 | +$0.26 |
10-Year | 1.848% | +0.014 |
T-Bond | 164.09375 | +0.40625 |
Dow | 16899.32 | +0.20% |
Nasdaq | 4703.42 | +0.29% |
S&P | 1986.45 | +0.41% |
The Metals:
Gold traded mostly lower in Asia and London, but it then climbed steadily higher in New York trade and ended near its early afternoon high of $1243.98 with a gain of 0.72%. Silver rose to as high as $15.017 and ended with a gain of 0.54%.
Euro gold rose to about €1142, platinum lost $3.50 to $930.50, and copper climbed 5 cents to about $2.19.
Gold and silver equities rose to see about 3% gains by midafternoon and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
ADP Employment | Feb | 214K | 190K | 205K |
U.S. economic activity expanded, but conditions mixed: Fed Reuters
Tomorrow brings Initial Jobless Claims, Productivity, Factory Orders, and ISM Services.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose after “the U.S. government revealed a fall in weekly domestic crude output.”
The U.S. dollar index erased early gains to close lower and treasuries traded mixed as stronger than expected jobs data further clouded the fed’s economic outlook.
The Dow, Nasdaq, and S&P saw notable losses for much of the morning, but they then chopped back higher into the close and ended with slight gains on optimism over oil’s continued recovery.
Among the big names making news in the market today were Aubrey McClendon, Monsanto, Verizon, HBO, and Canyon Capital.
GATA Posts:
Pravda: Russia aims to overthrow dollar and West with gold
Nanex's Hunsader wins big whistleblower prize from useless SEC
The Statistics:
As of close of business: 3/1/2016
Gold Warehouse Stocks: | 6,777,131.633 | -29,587.654 |
Silver Warehouse Stocks: | 152,567,866.350 | -219,927.64 |
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 | 786.195 | 25,276,956 | US$31,314m |
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$5,501m |
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$6,073m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$445m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 29.03 | 933,379 | US$1,155m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 8.921 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 189.87: +0.45 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,692.42: No change from yesterday’s data.
The Miners:
Barrick’s (ABX) stock performance for the year, SilverCrest’s (SIL.V) mine rehabilitation and drilling, and Golden Minerals’ (AUMN) drill program were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Freeport | FCX +15.59% $8.97 |
2. Turquoise | TRQ +11.21% $2.58 |
3. Seabridge | SA +10.49% $10.01 |
LOSERS
1. Paramount | PZG -0.82% $1.21 |
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: Wednesday, 2 March 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain With Stocks and Oil
