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








Chris Mullen | February 25th

 

Close

Gain/Loss

On Week

Gold

$1224.30

-$8.70

-0.41%

Silver

$14.72

-$0.41

-4.17%

XAU

61.89

-2.57%

+2.26%

HUI

161.54

-3.71%

+1.78%

GDM

523.92

-2.79%

+2.10%

JSE Gold

2061.06

+26.89

+15.43%

USD

98.09

+0.69

+1.51%

Euro

109.36

-0.89

-1.75%

Yen

87.75

-0.75

-1.15%

Oil

$32.78

-$0.29

+10.59%

10-Year

1.762%

+0.065

+0.80%

Bond

165.71875

-1.625

-0.47%

Dow

16639.97

-0.34%

+1.51%

Nasdaq

4590.47

+0.18%

+1.91%

S&P

1948.05

-0.19%

+1.58%

 
 

 

The Metals:

 

Gold fell $21.52 to as low as $1211.48 by late morning in New York before it bounced back higher in early afternoon trade, but it still ended with a loss of 0.71%.  Silver slipped to as low as $14.672 and ended with a loss of 2.71%.

 

Euro gold rose to about €1119, platinum lost $13 to $911, and copper climbed 4 cents to about $2.12.

 

Gold and silver equities dropped over 3% by late morning before they edged back higher at times, but they still ended with roughly 3% losses.

 

The Economy:

 

Report

For

Reading

Expected

Previous

GDP

Q4

1.0%

0.4%

0.7%

GDP Deflator

Q4

0.9%

0.8%

0.8%

Personal Income

Jan

0.5%

0.4%

0.3%

Personal Spending

Jan

0.5%

0.3%

0.1%

Core PCE Prices

Jan

0.3%

0.1%

0.1%

Michigan Sentiment

Feb

91.7

91.0

90.7

 

The Markets:

 

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

 

Oil erased early gains and closed almost 1% lower on end of the week profit taking.

 

The U.S. dollar index rose while treasuries fell on better than expected economic data.

 

The Dow, Nasdaq, and S&P traded mixed and ended near unchanged as economic optimism was offset by uncertainty over the oil market.

 

Among the big names making news in the market Friday were Standard Chartered, Bombardier, State Farm, and Warren Buffett.

 







GATA Posts:

 

 

Clashes over policy at Shanghai G20 meeting

 










The Statistics:

Activity from: 2/25/2016

Gold Warehouse Stocks:

6,785,292.953

+1,911.20

Silver Warehouse Stocks:

154,205,815.541

-1,654,490.59

 

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$29,974m

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$5,406m

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$5,975m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$438m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

29.03

933,430

US$1,148m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 188.25: No change from yesterday’s data.

 

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

 

The Miners:

 

Banro’s (BAA) closed financing, Goldcorp’s (GG) fourth quarter and full year 2015 results, Buenaventura’s (BVN) fourth quarter and full year 2015 results, and Great Panther’s (GPL) terminated option agreement were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1.  Turquoise

TRQ +5.69% $2.23

2.  Freeport

FCX +4.35% $7.43

3.  Paramount

PZG +2.54% $1.21

 

LOSERS

1.  Goldcorp

GG-12.78% $13.86

2.  Silver Standard

SSRI -7.51% $5.54

3.  Harmony

HMY -5.06% $3.00

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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© Gold Seeker 2016

Published:February 26th, 2016
Source: Gold-Seeker.com







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