-- 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
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-- Published: Monday, 3 March 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain About 2% and 1%
