• Gold: 1,246.75 2.51
  • Silver: 14.59 0.06
  • Euro: 1.136 0.001
  • USDX: 97.164 -0.055
  • Oil: 50.98 0.12

February 23: Gold and Silver Gain Almost 1% While Dow Sets 10th Straight Record High

Chris Mullen
|
Thursday, February 23rd
 

Close

Gain/Loss

Gold

$1248.80

+$10.70

Silver

$18.18

+$0.14

XAU

89.61

-0.34%

HUI

209.10

+0.27%

GDM

677.75

+0.18%

JSE Gold

1400.70

-6.83

USD

101.00

-0.23

Euro

105.57

+0.21

Yen

88.22

+0.24

Oil

$54.45

+$0.86

10-Year

2.418%

-0.009

T-Bond

151.90625

+0.53125

Dow

20810.32

+0.17%

Nasdaq

5835.51

-0.43%

S&P

2363.81

+0.04%

 
 
http://goldseek.com/news/GoldSeeker/2017/2-23gsr/1.jpg

The Metals:

 

Gold edged down to $1235.80 in Asia, but it then jumped to as high as $1250.90 in late morning New York trade and ended with a gain of 0.86%. Silver rose to as high as $18.217 and ended with a gain of 0.78%.

 

Euro gold climbed above $1180, platinum gained $4.50 to $1007, and copper dropped 9 cents to about $2.65.

 

Gold and silver equities rose over 2% at the open before they drifted back lower for most of the rest of trade, but they still ended mostly higher on the day.

The Economy:

 

Report

For

Reading

Expected

Previous

Initial Claims

2/18

244K

242K

238K

FHFA Housing Price Index

Dec

0.4%

0.4%

0.7%

 

U.S. labor, housing markets data underscore economy's stamina Reuters

Is Yellen trolling Trump and the stock market's record run? MarketWatch

 

Tomorrow brings Michigan Sentiment and New Home Sales.

 

The Markets:

 

http://goldseek.com/news/GoldSeeker/2017/2-23gsr/1.png

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

 

Oil gained nearly 2% after the Energy Information Administration reported that crude inventories rose just 600,000 barrels.

 

The U.S. dollar index fell and treasuries rose again in continued reaction to yesterday’s dovish fed minutes.

 

The Dow, Nasdaq, and S&P waffled near unchanged on mixed earnings reports.

 

Among the big names making news in the market today were Tesla, Boston Scientific, Kohl’s, Norwegian Air, Glencore, and Barclays.

 

GATA Posts:

 

 

Embry notes desperation to keep silver below $18

London Metal Exchange cuts deal with banks to propel gold futures

 

The Statistics:

As of close of business: 2/22/2017

Gold Warehouse Stocks:

8,910,287.228

+31,892.80

Silver Warehouse Stocks:

184,045,222.948

+578,979.16

 

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

841.169

27,044,414

US$33,740m

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$5,543m

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$6,129m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$448m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

35.73

1,148,868

US$1,391m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 201.82: +0.44 change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 10,428.42: No change from yesterday’s data.

 

The Miners:

 

Timmins Gold’s (TGD) project update, Alamos Gold’s (AGI) Proven and Probable mineral reserves and resources and fourth quarter and year-end results, Vista Gold’s (VGZ) 2016 results, IAMGOLD’s (IAG) 2016 results and mineral reserves and resources, and Hecla’s (HL) fourth quarter and 2016 results and CEO award were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. Northern Dynasty

NAK +18.71% $1.65

2. Harmony

HMY +5.32% $2.77

3. Avino

ASM +4.48% $1.91

LOSERS

1. Turquoise

TRQ -5.01% $3.41

2. Hecla

HL -4.56% $6.07

3. Vista Gold

VGZ -2.78% $1.05

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

- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2017

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.

No votes yet

Article Comments

Sponsored Links

Live SilverSeek Map