February 16: Gold and Silver Gain As Dollar Drops
Gold gained $9.50 to $1242.10 in late morning New York trade before it drifted back lower in afternoon trade, but it still ended with a gain of 0.54%. Silver rose to as high as $18.126 and ended with a gain of 0.61%.
Euro gold fell to about €1161, platinum gained $3.50 to $1009, and copper fell 3 cents to about $2.74.
Gold and silver equities rose roughly 2% in the first half hour of trade and remained near that level for the rest of the day.
Tomorrow brings Leading Indicators.
Charts Courtesy of http://finance.yahoo.com/
The U.S. dollar index fell on political uncertainty that sent treasuries higher and held the Dow, Nasdaq, and S&P near unchanged.
Among the big names making news in the market today were Allianz, Tempur Sealy, Kate Spade, Tesla, and Snap.
As of close of business: 2/15/2017
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Johannesburg Securities Exchange (JSE)
New Gold Debentures
Note: Change in Total Tonnes from yesterday’s data: SPDR added 2.667 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 202.03: +0.74 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,410.74: No change from yesterday’s data.
Seabridge Gold’s (SA) updated independent mineral resource estimate and Gold Fields’ (GFI) fatal accident and 2016 earnings were among the big stories in the gold and silver mining industry making headlines today.
SA +6.67% $12.00
ABX +6.11% $20.50
GG +6.06% $17.67
1. Northern Dynasty
PZG -5.00% $1.90
3. Agnico Eagle
AEM -4.69% $47.10
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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