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Gold Seeker Closing Report: Gold and Silver End Near Unchanged in Mixed Trade
By: Chris Mullen, Gold-Seeker.com

 -- Published: Tuesday, 21 February 2017 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1236.30

+$0.70

Silver

$17.98

-$0.02

XAU

 91.73

-0.89%

HUI

 212.34

-1.02%

GDM

 686.19

-0.67%

JSE Gold

1440.37

-68.20

USD

101.40

-0.53

Euro

106.16

-0.54

Yen

88.62

+0.32

Oil

$54.06

+$0.66

10-Year

2.425%

-0.025

T-Bond

151.25

+0.03125

Dow

20743.00 

+0.58%

Nasdaq

 5865.95

+0.47%

S&P

 2365.38

+0.60%

 
 
http://goldseek.com/news/GoldSeeker/2017/2-21gsr/1.jpg

 

The Metals:

 

Gold held near unchanged in holiday thinned trade yesterday before it dropped down to $1226.30 in midmorning New York trade today and then bounced back to $1238.90 in early afternoon action, but it then drifted back lower into the close and ended with a gain of just 0.06% from Friday’s close.  Silver slipped to as low as $17.836 and ended with a loss of 0.11%.

 

Euro gold rose about €1172, platinum remained at $1001, and copper climbed 3 cents to about $2.75.

 

Gold and silver equities fell about 2% in the first 10 minutes of trade before they rallied back higher at times, but they still ended about 1% lower on the day.

 

The Economy:

 

White House delivered EU-skeptic message before Pence visit  Reuters

America's Business Leaders Brimming With Optimism After Election  Bloomberg

Momentum in U.S. manufacturing, services slows in February: Markit  MarketWatch

 

Tomorrow brings Existing Home Sales and FOMC Minutes.

 

The Markets:

 

http://goldseek.com/news/GoldSeeker/2017/2-21gsr/1.png

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

 

Oil gained over 1% on continued confidence about producer compliance to output cuts.

 

The U.S. dollar index rose as the euro fell on growing concern that France could be the next Brexit.

 

Treasuries turned higher after Markit’s reading of U.S. manufacturing and service sectors slowed in February.

 

The Dow, Nasdaq, and S&P rose to new record highs on strong earnings reports.

 

Among the big names making news in the market today were Wells Fargo, Home Depot, Macy’s, Anglo American, Kraft, Verizon and Yahoo, Popeyes, Wal-Mart, and Apple.

 

GATA Posts:

 

 

Turk sees indications of imminent short squeeze in silver

Chinese firm said to have used tungsten to manufacture fake gold bars

After seven years of bailouts, Greeks just sink deeper in poverty

 

The Statistics:

As of close of business: 2/17/2017

Gold Warehouse Stocks:

8,941,217.482

-7,030.335

Silver Warehouse Stocks:

184,088,021.248

-143,932.32

 

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

841.169

27,044,414

US$33,344m

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$5,493m

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$6,074m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$444m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

35.73

1,148,868

US$1,391m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 201.38: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,410.74: No change from yesterday’s data.

 

The Miners:

 

Richmont’s (RIC) fourth quarter and 2016 results, Exeter’s (XRA) drill program, Gold Resource’s (GORO) increased proven and probable gold reserves, Polyus Gold’s (PLZL.ME) 2016 net profit, AngloGold’s (AU) earnings, dividend, and progress in Ghana, and Great Panther’s (GPL) updated Mineral Resource Estimate were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Taseko

TGB +5.19% $1.42

2.  Paramount

PZG +5.15% $2.04

3.  Turquoise

TRQ +4.03% $3.61

 

LOSERS

1.  Northern Dynasty

NAK -26.55% $1.66

2.  Richmont

RIC -8.06% $8.55

3.  Vista Gold

VGZ -5.26% $1.08

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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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2017

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.


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 -- Published: Tuesday, 21 February 2017 | E-Mail  | Print  | Source: GoldSeek.com

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