Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Stock Review : Markets : News Wire : Quotes : Radio : Silver : Stocks - Main 
  
 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Over 2% and 5% on the Week
By: Chris Mullen, Gold-Seeker.com

COT Gold, Silver and US Dollar Index Report - December 19, 2014
By: GoldSeek.com

Bullish Reversal in Miners but Metals Remain in Question
By: Jordan Roy-Byrne, CMT

853 Points of Infamy
By: Andrew Hoffman

Gold Stocks Shine in 2015
By: Adam Hamilton, Zeal Intelligence

GoldSeek Radio Nugget: Peter Schiff & Chris Waltzek
By: radio.GoldSeek.com

US In a Sweet Spot!
By: Puru Saxena

Derivatives and mass financial destruction
By: Alasdair Macleod

Outside the Box: The Burning Questions For 2015
By: John Mauldin

Things That Make You Go Hmmm: Signing Off
By: Grant Williams

 
Search

GoldSeek Web

 
Gold Seeker Closing Report: Gold and Silver End Near Unchanged
By: Chris Mullen, Gold-Seeker.com


-- Posted Thursday, 29 March 2012 | | Disqus

 

 

Close

Gain/Loss

Gold

$1660.10

-$3.00

Silver

$32.25

+$0.19

XAU

173.83

+0.21%

HUI

467.77

+0.23%

GDM

1357.89

+0.29%

JSE Gold

2393.91

-17.21

USD

79.13

-0.02

Euro

132.96

-0.19

Yen

121.31

+0.63

Oil

$102.78

-$2.63

10-Year

2.159%

-0.037

T-Bond

138.875

+0.5625

Dow

13145.82

+0.15%

Nasdaq

3095.36

-0.31%

S&P

1403.28

-0.16%

 
 

 

The Metals:

 

Gold saw a slight gain at $1663.86 in Asia before it fell back to as low as $1645.30 in late morning New York trade, but it then rallied back higher in afternoon trade and ended with a loss of just 0.18%.  Silver slipped to as low as $31.634 before it also rallied back higher in afternoon trade and ended with a gain of 0.59%.

 

Euro gold rose to about €1249, platinum lost $10.70 to $1623.30, and copper gained 2 cents to about $3.81.

 

Gold and silver equities fell almost 2% by midday, but they then rallied back higher in afternoon trade and ended with modest gains.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Initial Claims

3/24

359K

350K

364K

GDP

Q4

3.0%

3.0%

3.0%

GDP Deflator

Q4

0.9%

0.9%

0.9%

 

30-year fixed-rate mortgage back under 4% MarketWatch

 

Tomorrow brings Personal Income and Spending, Core PCE Prices, Chicago PMI, and Michigan Sentiment.

 

The Markets:

 

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

 

Oil fell and treasuries rose on disappointing jobs data that sent the Dow, Nasdaq, and S&P lower for most of trade, but a late session rally left the major indices near unchanged by the close. 

 

The U.S. dollar index traded mixed as the euro fell on worries about Spain’s budget and the yen rose on demand linked to the end of Japan's financial year.

 

Among the big names making news in the market today were EBay, Apple, Nest Buy, and JetBlue.

 

GATA Posts:

 

 

Paul Mylchreest: Gold price suppression caught red-handed

Restore national sovereignty: Repatriate all gold reserves

Eric Sprott and David Baker: Who would dump all that metal so fast?

Chris Martenson: Gold is manipulated (but that's OK)

 

The Statistics:

As of close of business: 3/28/2012

Gold Warehouse Stocks:

11,407,676.460

-1,095.91

Silver Warehouse Stocks:

137,110,567.520

+592,543.97

 

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

1286.621

41,366,147

US$68,537m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities

119.15

3,830,754

US$6,312m

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

472,564

US$757m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

39.87

1,281,735

US$2,148m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 181.17: -0.43 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,716.42: No change from yesterday’s data.

 

The Miners:

 

Rubicon’s (RBY) drilling update, NovaGold’s (NG) approval of the spin-out of NovaCopper Inc., Comstock’s (LODE) year end results and business update, Timmins Gold’s (TGD) year end results, Brigus Gold’s (BRD) year end results, and U.S. Silver’s (USA.TO) increase in Proven and Probable Reserves were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Loncor

LON +5.96% $1.42

2.  Gold Reserve

GRZ +5.35% $3.74

3.  DRDGOLD

DRD +3.99% $7.29

 

LOSERS

1.  Lake Shore

LSG-6.72% $1.11

2.  Entree

EGI -5.30% $1.25

3.  Richmont

RIC -4.12% $7.68

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 2012

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.


-- Posted Thursday, 29 March 2012 | Digg This Article | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2014


© GoldSeek.com, Gold Seek LLC


GoldSeek.com Supports Kiva.org

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.
OilSeek.com