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

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Closing Report: Gold and Silver Close Mixed with Stocks
By: Chris Mullen, Gold Seeker Report

The Powers-That-Be Were Everywhere Yesterday
By: Ed Steer

Gold and Silver Price Goals For Year End
By: Craig Hemke

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

Gold and Global Financial Crisis Redux
By: Jim Willie CB

The Trade War Is Not The Problem With The Global Economy
By: Dave Kranzler

Gold Stock Bulls Gore The Bears
By: Stewart Thomson

Where are we now in the investor cycle?
By: Michael J. Kosares

The Amazing Story of Gold to Gold Stocks Ratios
By: Rambus

A Bad Moon Rising – Over Several Markets
By: Gary Christenson

 
Search

GoldSeek Web

 
Gold Seeker Closing Report: Gold and Silver Gain About 2% and 1%
By: Chris Mullen, Gold-Seeker.com

 -- Published: Monday, 3 March 2014 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1351.40

+$26.80

Silver

$21.43

+$0.26

XAU

100.99

+1.45%

HUI

241.83

+1.71%

GDM

730.61

+1.79%

JSE Gold

1532.38

+50.82

USD

80.08

+0.29

Euro

137.33

-0.66

Yen

98.65

+0.40

Oil

$111.20

+$2.13

10-Year

2.607%

-0.051

Bond

135.3125

+0.71875

Dow

16168.03

-0.94%

Nasdaq

4277.30

-0.72%

S&P

1845.73

-0.74%

 
 

 

The Metals:

 

Gold climbed $30.15 to as high as $1354.75 by late morning in New York before it fell back off a bit in afternoon trade, but it still ended with a gain of 2.02%.  Silver surged to as high as $21.696 and ended with a gain of 1.23%.

 

Euro gold rose to about €984, platinum gained $13 to $1455, and copper fell a couple of cents to about $3.17.

 

Gold and silver equities rose over 3% by midmorning before they dropped back off into the close, but they still ended almost 2% higher on the day.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Personal Income

Jan

0.3%

0.3%

0.0%

Personal Spending

Jan

0.4%

0.1%

0.1%

PCE Prices – Core

Jan

0.1%

0.1%

0.1%

ISM Index

Feb

53.2

51.6

51.3

Construction Spending

Jan

0.1%

-0.1%

1.5%

 

There are no major economic reports due out tomorrow.

 

The Markets:

 

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

 

Oil jumped higher on worries about Russia and Ukraine that also sent the U.S. dollar index and treasuries higher.

 

Ukraine Crisis Intensifies as Russia Denies Navy Ultimatum Claim Bloomberg

 

The Dow, Nasdaq, and S&P fell on concerns about how far this conflict could escalate.

 

Among the big names making news in the market today were Nissan, Chrysler, Citigroup, GM, and Cantor.

 

GATA Posts:

 

 

Bill Holter: You've been warned

Koos Jansen: China's gold demand up 51% so far this year over same period last year

TF Metals Report: Negative GOFO and rising gold prices

Handelsblatt, London Evening Standard note gold price manipulation study

 

The Statistics:

Activity from: 2/28/2014

Gold Warehouse Stocks:

7,134,020.058

-44,455.908

Silver Warehouse Stocks:

182,028,665.969

-802,063.94

 

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

803.704

25,839,887

US$34,857m

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$6,007m

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$8,004m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$485m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

41.25

1,326,273

US$1,676m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 164.24: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,204.36: No change from yesterday’s data.

 

The Miners:

 

Kinross Gold’s (KGC) priced securities, Goldcorp’s (GG) dividend and secured bond, Kirkland’s (KGI.TO) drill results, Goldcorp’s (GG) settled litigation with Osisko (OSK.TO), Impact’s (IPT.V) drill results, Revett’s (RVM) change of jurisdiction, and First Majestic’s (AG) operations changes were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Mines Management

MGN +10.29% $1.50

2.  Golden Minerals

AUMN +6.60% $1.13

3.  Great Panther

GPL +5.79% $1.28

 

LOSERS

1.  Richmont

RIC -5.36% $1.59

2.  Turquoise Hill

TRQ -3.97% $3.63

3.  Avino

ASM -3.70% $2.08

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 2014

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.

 


| Digg This Article
 -- Published: Monday, 3 March 2014 | E-Mail  | Print  | 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 - 2019



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

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.

Live GoldSeek Visitor Map | Disclaimer


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC 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, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.