Gold Seeker Closing Report: Gold and Silver Fall Over 1% With Dow
| Close | Gain/Loss |
Gold | $1330.70 | -$18.00 |
Silver | $16.47 | -$0.21 |
XAU | 80.83 | -2.89% |
HUI | 178.98 | -3.23% |
GDM | 614.69 | -2.70% |
JSE Gold | 1152.60 | -41.04 |
USD | 89.71 | +0.56 |
Euro | 123.37 | -0.75 |
Yen | 93.37 | -0.63 |
Oil | $61.79 | +$0.24 |
10-Year | 2.881% | +0.010 |
T-Bond | 143.9375 | -0.0625 |
Dow | 24964.75 | -1.01% |
Nasdaq | 7234.31 | -0.07% |
S&P | 2716.26 | -0.58% |
The Metals:
Gold waffled near unchanged in holiday thinned trade yesterday before it fell $13.20 to as low as $1335.50 at about 9AM EST today and then bounced back to $1342.90 by midmorning, but it then dropped to a new session low of $1328.40 by early afternoon and ended with a loss of 1.33%. Silver slipped to as low as $16.426 and ended with a loss of 1.26%.
Euro gold fell to about EUR1079, platinum lost $6 to $998, and copper dropped 5 cents to about $3.20.
Gold and silver equities drifted lower for most of the day and ended with about 3% losses.
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Tomorrow brings Existing Home Sales and FOMC Minutes.
The Markets:
Oil edged higher on signs of inventory declines at the key Cushing, Oklahoma delivery point.
The U.S. dollar index rose along with treasury yields ahead of this week's large government debt auctions.
The Dow, Nasdaq, and S&P fell on poor earnings reports and concerns about debt issuance.
Among the big names making news in the market today were Bitcoin, Medtronic, GM, Home Depot, Albertsons, Walmart, and Qualcomm.
GATA Posts:
Incredible 19th-century daguerrotypes show the faces of the Gold Rush
The Statistics:
As of close of business: 2/16/2018
Gold Warehouse Stocks: | 9,102,010.723 | - |
Silver Warehouse Stocks: | 246,403,878.818 | -227,727.90 |
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(R) Gold Shares | 824.543 | 26,509,892 | US$35,511m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb?rse (Deutsche B?rse - Xetra) | Gold Bullion Securities | 138.13 | 4,441,056 | US$5,909m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb?rse (Deutsche B?rse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 152.66 | 4,908,200 | US$6,537m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$477m |
Note: Change in Total Tonnes from yesterday's data: SPDR added 3.245 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 264.78: +0.45 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,767.91: No change from yesterday's data.
NOVAGOLD's (NG) drill results, Seabridge Gold's (SA) commenced drilling, Randgold's (GOLD) quest to diversify, Paramount's (PZG) exercised option, Newmont's (NEM) dividend, Comstock's (LODE) 2017 results, AngloGold's (AU) reviving asset in Ghana, and Endeavour Silver's (EXK) update on development progress were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Northern Dynasty | NAK +0.93% $1.08 |
2. DRDGOLD | DRD +0.33% $3.00 |
3. EMX Royalty | EMX +0.20% $0.9148 |
LOSERS
1. Hecla | HL -5.78% $3.75 |
2. Pretivm | PVG -5.44% $6.61 |
3. Sandstorm | SAND -5.38% $4.57 |
Winners & Losers tracks NYSE 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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