Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Ira Epstein's Metals Video 11 17 2017
By: Ira Epstein

Next-Generation Crazy: The Fed Plans For The Coming Recession
By: John Rubino

COT Gold, Silver and US Dollar Index Report - November 17, 2017
By: GoldSeek.com

Gold Miners’ Q3’17 Fundamentals
By: Adam Hamilton, CPA

Bonfire of the Absurdities
By: John Mauldin

The Social Security Inflation Lag Calendar - Partial Indexing Part 1
By: Daniel R. Amerman, CFA

Rob From The Middle Class Economics
By: Gary Christenson

GoldSeek Radio Nugget: John Williams and Chris Waltzek
By: radio.GoldSeek.com

The Metals Market Is A Mess And Will Likely Continue To Frustrate You
By: Avi Gilburt

Is New Fed Chief A “Swamp Critter Extraordinaire”?
By: GoldCore

 
Search

GoldSeek Web

 
Gold Seeker Closing Report: Gold and Silver Bounce Back After Fed Minutes
By: Chris Mullen, Gold-Seeker.com

 -- 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%

 
 
http://goldseek.com/news/GoldSeeker/2017/2-22gsr/1.jpg

 

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:

 

http://goldseek.com/news/GoldSeeker/2017/2-22gsr/1.png

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

 

- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

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.


| Digg This Article
 -- Published: Wednesday, 22 February 2017 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.