Close | Gain/Loss | |
Gold | $1778.70 | +$19.70 |
Silver | $34.39 | +$0.04 |
XAU | 201.28 | +1.55% |
HUI | 545.80 | +1.68% |
GDM | 1576.03 | +1.80% |
JSE Gold | 2812.93 | +9.20 |
USD | 79.24 | +0.18 |
Euro | 132.46 | +0.09 |
Yen | 124.54 | -0.95 |
Oil | $106.28 | +$0.03 |
10-Year | 2.005% | -0.040 |
T-Bond | 142.25 | +0.71875 |
Dow | 12938.67 | -0.21% |
Nasdaq | 2933.17 | -0.52% |
S&P | 1357.66 | -0.33% |
The Metals:
Gold edged up to $1759.62 in Asia before it fell back to $1749.27 in London, but it then shot to as high as $1781.60 in early afternoon New York trade and ended with a gain of 1.12%.Silver rose to $34.351 in Asia before it fell back to $33.918, but it then surged to as high as $34.49 in New York and ended with a gain of 0.12%.
Euro gold rose to about €1343, platinum gained $39.20 to $1725.20, and copper remained at about $3.83.
Gold and silver equities waffled near unchanged for most of the morning, but they then jumped higher in early afternoon New York trade and ended with over 1.5% gains.
The Economy:
Report | For | Reading | Expected | Previous |
Existing Home Sales | Jan | 4.57M | 4.63M | 4.38M |
U.S. mortgage applications sagged last week: MBA Reuters
Tomorrow at 8:30AM EST brings Initial Jobless Claims for 2/18 expected at 355,000.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ended modestly higher on continued concerns about Iran.
The U.S. dollar index saw slight gains as the yen fell on rising U.S. yields.
Treasuries remained higher after today’s $35 billion 5-year note auction sold at a high yield of 0.9% with a bid to cover of 2.89.
The Dow, Nasdaq, and S&P fell on concerns about slow economic growth in Europe and China.
Among the big names making news in the market today were UBS, Pimco, Toll Brothers, J&J, Citigroup, and Dell.
The Statistics:
Activity from: 2/21/2012
Gold Warehouse Stocks: | 11,425,114 | -6,476 |
Silver Warehouse Stocks: | 129,232,358 | -49,410 |
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) | SPDR® Gold Shares | 1281.587 | 41,204,299 | US$72,168m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 118.63 | 3,813,918 | US$6,694m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 126.23 | 4,058,350 | US$6,985m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 472,756 | US$802m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 39.76 | 1,278,357 | US$2,235m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 0.302 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 179.27: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,570.57: -21.15 change from yesterday’s data.
Lake Shore’s (LSG) updated National Instrument ("NI") 43-101 resource estimate, Solitario’s (XPL) positive Feasibility Study results, Keegan’s (KGN) assay results, Ivanhoe’s (IVN) keynote luncheon speaker, NovaGold’s (NG) year-end financial results, Eldorado’s (EGO) PEIA approval, Pretivm’s (PVG) updated PEA, Alexco’s (AXU) drill results, and MAG Silver’s (MVG) vein intercepts were among big stories in the gold and silver mining industry making headlines today.
WINNERS
1.Lake Shore | LSG +11.26% $1.68 |
2.Banro | BAA +8.76% $5.46 |
3.Nevsun | NSU +6.53% $4.24 |
LOSERS
1.Kimber | KBX -3.36% $1.15 |
2.Northern Dynasty | NAK -2.15% $7.28 |
3.Comstock | LODE -1.97% $1.99 |
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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- http://www.goldreview.com
©Gold Seeker 2012
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