Gold Seeker Closing Report: Gold and Silver Gain Nearly 1%
| Close | Gain/Loss |
Gold | $1331.50 | +$7.00 |
Silver | $16.61 | +$0.13 |
XAU | 80.02 | -0.61% |
HUI | 175.85 | -1.57% |
GDM | 608.39 | -0.43% |
JSE Gold | 1099.99 | -47.06 |
USD | 89.77 | -0.28 |
Euro | 123.29 | +0.37 |
Yen | 93.85 | +0.82 |
Oil | $62.77 | +$1.09 |
10-Year | 2.922% | -0.014 |
T-Bond | 143.09375 | +0.40625 |
Dow | 24962.48 | +0.66% |
Nasdaq | 7210.09 | -0.11% |
S&P | 2703.96 | +0.10% |
The Metals:
Gold fell $3.70 to $1320.80 in Asia, but it then rallied back higher for most of trade in New York and ended near its early afternoon high of $1332.00 with a gain of 0.53%. Silver climbed to as high as $16.679 and ended with a gain of 0.79%.
Euro gold rose to about EUR1080, platinum gained $6.50 to $993.50, and copper climbed 3 cents to about $3.23.
Gold and silver equities drifted lower in afternoon trade and ended with modest losses.
U.S. 30-year mortgage rates rise seventh straight week: Freddie Mac Reuters
Leading indicators beat expectations, post third straight month of gains in January CNBC
U.S. Jobless Claims at Five-Week Low Amid Tight Labor Market Bloomberg
Tomorrow brings several speeches from various fed officials.
The Markets:
Oil erased early losses and ended almost 2% higher after the Energy Information Administration reported that crude inventories fell 1.62 million barrels, gasoline inventories rose 261,000 barrels, and distillates fell 2.42 million barrels.
The U.S. dollar index fell and treasuries rose as the yen climbed higher ahead of tonight's Japanese inflation numbers.
The Dow, Nasdaq, and S&P traded mostly higher on economic optimism.
Among the big names making news in the market today were De Beers, Ford, GE, Barclays, HP, AMD, and Chesapeake Energy.
GATA Posts:
ECB minutes highlight policymakers' fears over currency wars
Venezuela aims for crypto alchemy with new 'petro gold' token
The Statistics:
As of close of business: 2/21/2018
Gold Warehouse Stocks: | 9,133,050.988 | -788.235 |
Silver Warehouse Stocks: | 246,405,618.823 | -467,363.14 |
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 | 827.789 | 26,614,239 | US$35,344m |
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$5,900m |
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$6,526m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$477m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 264.78: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,806.03: +38.12 change from yesterday's data.
Golden Star's (GSS) exploration strategy, Alamos Gold's (AGI) 2017 results, McEwen's (MUX) 2017 results, B2Gold's (BTG) 2017 results, Great Panther's (GPL) director passing, Excellon's (EXN.TO) drill results, and Fortuna's (FSM) updated Mineral Reserve and Mineral Resource estimates were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Pan American | PAAS +3.86% $15.61 |
2. Harmony | HMY +2.42% $2.12 |
3. DRDGOLD | DRD +2.31% $3.10 |
LOSERS
1. Taseko | TGB -12.5% $1.54 |
2. IAMGOLD | IAG -8.87% $5.34 |
3. Sibanye | SBGL -8.58% $4.05 |
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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