-- Published: Wednesday, 22 February 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1238.10 | +$1.80 |
Silver | $18.04 | +$0.06 |
XAU | 89.91 | -1.99% |
HUI | 208.52 | -1.80% |
GDM | 676.93 | -1.33% |
JSE Gold | 1407.53 | -32.84 |
USD | 101.23 | -0.17 |
Euro | 105.36 | -0.80 |
Yen | 87.98 | -0.64 |
Oil | $53.59 | -$0.74 |
10-Year | 2.427% | +0.002 |
T-Bond | 151.50 | +0.1875 |
Dow | 20775.60 | +0.16% |
Nasdaq | 5860.63 | -0.09% |
S&P | 2362.82 | -0.11% |
The Metals:
Gold gained $4 to $1240.30 by a little before 9AM EST before it dropped back to $1231.60 in the next few hours of trade, but it then jumped back higher after the release of this afternoon’s fed minutes and ended with a gain of 0.15%. Silver rose to as high as $18.052 and ended with a gain of 0.33%.
Euro gold remained at about €1172, platinum gained $1.50 to $1002.50, and copper dropped a penny to about $2.74.
Gold and silver equities fell about 3% by late morning before they bounced back higher in afternoon trade, but they still ended with almost 2% losses on the day.
The Economy:
Report | For | Reading | Expected | Previous |
Existing Home Sales | Jan | 5.69M | 5.57M | 5.51M |
Many Fed Officials See Rate Hike `Fairly Soon,' Minutes Show Bloomberg
Fed minutes: 'Many' on Fed back interest rate hike 'fairly soon' if economy stays on course or strengthens MarketWatch
Trump budget coming in mid-March, Spicer says MarketWatch
Mortgage applications fall 2% as buyers are slow to start spring shopping season CNBC
Tomorrow brings Initial Jobless Claims and the FHFA Housing Price Index.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell over 1% after “Qatar’s oil minister said major oil producers outside of OPEC weren’t cutting production as much as they had pledged.”
The U.S. dollar index fell and treasuries turned higher after the release of today’s fed minutes did not clearly indicate an imminent rate hike.
The Dow, Nasdaq, and S&P held near unchanged on mixed earnings reports.
Among the big names making news in the market today were Lloyds, Unilever, DuPont, Fannie Mae, and Freddie Mac.
GATA Posts:
China's $9 trillion moral hazard is now too big to ignore
The Statistics:
As of close of business: 2/21/2017
Gold Warehouse Stocks: | 8,878,394.428 | -62,823.054 |
Silver Warehouse Stocks: | 183,466,243.788 | -621,777.46 |
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$33,437m |
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$5,477m |
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$6,054m |
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: 10,428.42: +17.68 change from yesterday’s data.
The Miners:
Primero’s (PPP) Proven and Probable Mineral Reserves, Alamos Gold’s (AGI) feasibility study and PEA, First Majestic’s (AG) yearend results, and Hecla’s (HL) gold and silver reserves were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Randgold | GOLD +2.25% $93.32 |
2. B2Gold | BTG +1.52% $3.35 |
3. Great Panther | GPL +1.40% $2.18 |
LOSERS
1. Northern Dynasty | NAK -16.27% $1.39 |
2. AngloGold | AU -5.82% $11.81 |
3. Alexco | AXU -5.32% $1.78 |
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, 22 February 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Bounce Back After Fed Minutes
