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Closing Report: Gold and Silver Gain Roughly 1% Feb 23 2016








Chris Mullen | February 23rd

 

Close

Gain/Loss

Gold

$1225.00

+$17.50

Silver

$15.26

+$0.10

XAU

62.38

+1.50%

HUI

163.86

+2.29%

GDM

523.90

+4.63%

JSE Gold

1822.07

+76.69

USD

97.45

+0.07

Euro

110.16

-0.12

Yen

89.19

+0.60

Oil

$31.87

-$1.52

10-Year

1.745%

-0.021

T-Bond

166.78125

+0.59375

Dow

16431.78

-1.14%

Nasdaq

4503.58

-1.47%

S&P

1921.27

-1.25%

 
 
silver gold platinum us dollar intraday february 23rd 2016

 

The Metals:

 

Gold gained $18.94 to $1226.44 by late morning in New York before it edged back lower in early afternoon trade, but it still ended with a gain of 1.45%.  Silver rose to as high as $15.303 and ended with a gain of 0.66%.

 

Euro gold rose to about €1112, platinum gained $17 to $939.50, and copper fell slightly to about $2.11.

 

Gold and silver equities rose roughly 3% in the first 20 minutes of trade and remained near that level for the rest of the day.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Case-Shiller 20-city Index

Dec

5.7%

5.8%

5.7%

Consumer Confidence

Feb

92.2

97.3

97.8

Existing Home Sales

Jan

5.47M

5.30M

5.45M

 

Tomorrow brings New Home Sales.

 

The Markets:

 

djia nasdaq 10-year us bond hui xau gdm gold etf silver etf gdx etf february 23rd 2016

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

 

Oil fell over 4% “after Saudi Oil Minister Ali Al-Naimi ruled out any production cuts.”

 

The U.S. dollar index held near unchanged and treasuries rose as the Dow, Nasdaq, and S&P fell over 1% on renewed worries about the oil market.

 

Among the big names making news in the market today were Macy’s, Hugo Boss, BHP, Standard Chartered, Home Depot, Time, and JPMorgan.

 







GATA Posts:

 

 

Robert Appel: Technical analysis is just a weapon against the gold market

Gold hedging returns as Harmony, Acacia lock in profit margins

New York Sun: Ronald Reagan's gold

 






The Statistics:

As of close of business: 2/23/2016

Gold Warehouse Stocks:

6,672,850.053

+3,468.17

Silver Warehouse Stocks:

155,499,604.519

+303,749.48

 

Global Gold ETF Holdings

[WGC Sponsored ETF’s]

 Exchange Traded Gold

 

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

752.294

24,186,990

US$29,534m

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$5,436m

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$6,013m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$439m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

29.15

937,283

US$1,145m

 Note: Change in Total Tonnes from yesterday’s data: SPDR added 19.331 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 187.50: +3.00 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,692.42: +20.73 change from yesterday’s data.

 

The Miners:

 

Pretivm’s (PVG) offering, Eurasian’s (EMXX) royalty purchases, Gold Standard’s (GSV) exploration program, and Hecla’s (HL) 2015 sales were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Primero

PPP +11.72% $1.62

2.  AngloGold

AU +5.73% $11.99

3.  Harmony

HMY +5.62% $2.82

 

LOSERS

1.  Pretivm

PVG -10.67% $4.52

2.  Freeport

FCX -8.70% $7.24

3.  MAG Silver

MVG -8.84% $7.30

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:

Published:February 23th, 2016
Source: Gold-Seeker.com







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