Oreninc index up as number of financings increase
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Last Week: 89.45
This week: 93.72
The Oreninc Index increased in the trading week ending February 19th, 2021 to 93.72 from 89.45 a week ago as the number of financings increased.
On to the money: the aggregate financings announced decreased to $148.7 million, a 2-week low, with 8 new brokered financings and 3 new bought-deal financings announced. The average offer size increased to $3.5 million, a 2-week low, and the number of financings increased to 42.
Gold closed the week lower at $1,777/oz from $1,823/oz a week ago. The US dollar index closed lower at 90.36 from 90.48 a week ago.
The widely followed junior mining index, the VanEck managed GDXJ, closed the week down at $47.54 from $50.25 a week ago. HUI Arca Gold BUGS Index, which follows the major gold miners, closed the week lower at 263.56 from 284.29 last week. The SPDR GLD ETF inventory closed the week down at 1,127.64 tonnes, or 36.25 million ounces, from 1,143.22 tonnes last week.
In other commodities, Silver closed the week higher at $27.25/oz from $27.32/oz a week ago. Copper closed the week at $4.07/lb from $3.78/lb a week ago. Oil went higher as WTI closed down at $59.24 a barrel from $59.47 a barrel a week ago.
The Dow Jones Industrial Average closed up at 31,494 from 31,458 a week ago. Canada’s S&P/TSX Composite Index closed down at 18,384 from 18,460 the previous week. The S&P/TSX Venture Composite Index closed up at 1098.56 from 1067.44 a week ago.
Major Financing Openings:
Major Financing Closings: