Oreninc index flat as financings increase
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Last Week: 61.43
This week: 58.76
The Oreninc Index decreased in the trading week ending April 23rd, 2021 to 58.76 from 61.43 a week ago as the number of financings increased.
On to the money: the aggregate financings announced decreased to $129 million, a 2-week low, with 3 new brokered financings and 1 new bought-deal financings announced. The average offer size decreased to $3.8 million, a 7-week low, and the number of financings increased to 34.
Gold closed the week lower at $1,777/oz from $1,779/oz a week ago. The US dollar index closed lower at 91.56 from 90.86 a week ago.
The widely followed junior mining index, the VanEck managed GDXJ, closed the week lower at $49.69 from $50.32 a week ago. HUI Arca Gold BUGS Index, which follows the major gold miners, closed the week lower at 292.05 from 290.34 last week.The SPDR GLD ETF inventory closed the week down at 1,019.66 tonnes, or 32.78 million ounces, from 1,026.07 tonnes last week.
In other commodities, Silver closed the week lower at $26.07/oz from $26.10/oz a week ago. Copper closed up at $4.34/lb from $4.16/lb a week ago. Oil went higher as WTI closed down at $62.14 a barrel from $63.13 a barrel a week ago.
The Dow Jones Industrial Average closed down at 34,043 from 34,200 a week ago. Canada’s S&P/TSX Composite Index closed down at 19,102 from 19,351 the previous week. The S&P/TSX Venture Composite Index closed lower at 930.63 from 944.46 a week ago.
Major Financing Openings:
Major Financing Closings: