Oreninc index near healthy levels as financings increase
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Last Week: 57.04
This week: 99.56
The Oreninc Index increased in the trading week ending March 19th, 2021 to 99.56 from 54.90 a week ago as the number of financings increased.
On to the money: the aggregate financings announced increased to $265 million, a 3-week high, with 13 new brokered financings and 6 new bought-deal financings announced. The average offer size increased to $6.8 million, a 3-week high, and the number of financings increased to 39.
Gold closed the week higher at $1,741/oz from $1,719/oz a week ago. The US dollar index closed higher at 91.92 from 91.68 a week ago.
The widely followed junior mining index, the VanEck managed GDXJ, closed the week higher at $48.57 from $47.10 a week ago. HUI Arca Gold BUGS Index, which follows the major gold miners, closed the week higher at 279.29 from 271.11 last week.The SPDR GLD ETF inventory closed the week down at 1,051.78 tonnes, or 33.81 million ounces, from 1,052.07 tonnes last week.
In other commodities, Silver closed the week higher at $26.32/oz from $25.91/oz a week ago. Copper closed down at $4.11/lb from $4.14/lb a week ago. Oil went higher as WTI closed down at $61.42 a barrel from $65.61 a barrel a week ago.
The Dow Jones Industrial Average closed down at 32,627 from 32,778 a week ago. Canada’s S&P/TSX Composite Index closed up at 18,845 from 18,380 the previous week. The S&P/TSX Venture Composite Index closed up at 995.80 from 918.36 a week ago.
Major Financing Openings:
Major Financing Closings: