-- 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% |
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:
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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-- Published: Tuesday, 21 February 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Near Unchanged in Mixed Trade
