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Closing Report: Gold and Silver End Mixed... Again - Feb 25 2016








Chris Mullen | February 25th

 

Close

Gain/Loss

Gold

$1233.00

+$3.80

Silver

$15.13

-$0.11

XAU

63.52

+1.02%

HUI

167.77

+1.31%

GDM

534.09

+0.76%

JSE Gold

2034.17

+15.21

USD

97.40

-0.10

Euro

110.25

+0.10

Yen

88.58

-0.56

Oil

$33.07

+$0.92

10-Year

1.697%

-0.045

T-Bond

167.1875

+0.50

Dow

16697.29

+1.29%

Nasdaq

4582.20

+0.87%

S&P

1951.70

+1.13%

 
 
precious metals chart february 25th 2016

 

The Metals:

 

Gold rose almost 1% in Asia before it dipped to see a $3.16 loss at $1226.04 in morning New York trade, but it then climbed to a new session high of $1242.61 by early afternoon and ended with a gain of 0.31%.  Silver slipped to as low as $15.031 before it also bounced back higher, but it still ended with a loss of 0.72%.

 

Euro gold rose to about €1118, platinum lost $13 to $924, and copper fell a few cents to about $2.08.

 

Gold and silver equities traded mostly slightly higher and ended with about 1% gains.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Initial Claims

2/20

272K

270K

262K

Durable Goods

Jan

4.9%

2.0%

-4.6%

Durable Goods -ex trans.

Jan

1.8%

0.4%

-0.7%

FHFA Housing Price Index

Dec

0.4%

-

0.6%

 

Tomorrow brings GDP, Personal Income and Spending, and Michigan Sentiment.

 

The Markets:

 

market chart february 25th 2016

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

 

Oil rose almost 3% after “Venezuela's oil minister announced his country would meet with fellow oil producers next month in an effort to stabilize prices.”

 

The U.S. dollar index fell and treasuries rose on dovish fed commentary.

 

The Dow, Nasdaq, and S&P gained roughly 1% on decent earnings reports and economic data.

 

Among the big names making news in the market today were Abercrombie, Monsanto, Halliburton, Salesforce, and VW.

 





GATA Posts:

 

 

Venezuela is shipping gold to Europe to pay debt

 









The Statistics:

As of close of business: 2/24/2016

Gold Warehouse Stocks:

6,783,381.753

+14,306.75

Silver Warehouse Stocks:

155,860,306.131

+598,301.81

 

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

760.323

24,445,152

US$30,207m

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$5,503m

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$6,075m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$443m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

29.15

937,263

US$1,157m

Note: Change in Total Tonnes from yesterday’s data: SPDR added 8.029 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 188.25: +0.75 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,692.42: No change from yesterday’s data.

 

The Miners:

 

Gold Resource’s (GORO) dividend, SEMAFO’s (SMF.TO) positive feasibility study, and Richmont’s (RIC) drill results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  McEwen

MUX +8.14% $1.86

2.  First Majestic

AG +5.45% $4.64

3.  Harmony

HMY +4.98% $3.16

 

LOSERS

1.  Kinross

KGC -6.29% $2.98

2.  Lake Shore

LSG -1.47% $1.34

3.  Freeport

FCX -1.11% $7.12

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 2016

Published:February 25th, 2016
Source: Gold-Seeker.com







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