-- Published: Tuesday, 11 March 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1347.00 | +$7.10 |
Silver | $20.81 | UNCH |
XAU | 99.86 | +0.01% |
HUI | 242.40 | +0.56% |
GDM | 722.41 | +0.21% |
JSE Gold | 1573.43 | +14.90 |
USD | 79.78 | +0.02 |
Euro | 138.61 | -0.17 |
Yen | 97.15 | +0.33 |
Oil | $100.03 | -$1.09 |
10-Year | 2.766% | -0.018 |
Bond | 133.00 | +0.28125 |
Dow | 16351.25 | -0.41% |
Nasdaq | 4307.18 | -0.63% |
S&P | 1867.63 | -0.51% |
The Metals:
Gold climbed $12.55 to $1352.45 in London before it dropped back to $1337.90 just before noon EST, but it then bounced back higher in early afternoon New York trade and ended with a gain of 0.53%. Silver rose to as high as $21.309 before it dropped back to $20.662 and then also bounced back higher, but it still ended at unchanged on the day.
Euro gold rose to almost €972, platinum lost $12 to $1460, and copper crumpled another 9 cents to about $2.95.
Chinese bond default shakes global copper market Reuters
Gold and silver equities rose over 1% at the open before they fell to see slight losses by midday and then chopped back higher at times, but they still ended with only minor gains on the day.
The Economy:
Report | For | Reading | Expected | Previous |
Wholesale Inventories | Jan | 0.6% | 0.4% | 0.4% |
JOLTS - Job Openings | Jan | 3.974M | - | 3.914M |
Tomorrow at 2PM EST brings the Treasury Budget for February expected at -$195 billion.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil traded mostly lower on relative calm in Ukraine.
The U.S. dollar index erased early gains and ended near unchanged as traders waited for more significant economic data later in the week.
Treasuries turned higher after today’s $30 billion 3-year note auction sold at yield of 0.802% with a bid to cover of 3.25.
The Dow, Nasdaq, and S&P ended decently lower in mixed trade.
Among the big names making news in the market today were Men's Wearhouse and Jos. A. Bank, CME, Chobani, Lenovo, Herbalife, and J.C. Penney.
GATA Posts:
New Ukraine regime blames predecessor for stealing gold and everything else
Zero Hedge: Was the price of Ukraine's 'liberation' the loss of its gold to the Fed?
Leading German institute calls for QE blitz to avert deflation trap in Europe
Lockerbie bombing was work of Iran, not Libya, former spy says
Russian-Ukrainian news site describes transfer of Ukrainian gold to U.S.
GATA's Murphy joins T. Boone Pickens, Sprott's Rule at Stansberry conference
Ukraine's gold reserves said being flown to New York Fed
New York Sun: Satoshi Nakamoto's silence
GATA's Murphy, GoldMoney's Macleod interviewed by Finance and Liberty
The Statistics:
Activity from: 3/10/2014
Gold Warehouse Stocks: | 7,111,028.038 | -30,032.784 |
Silver Warehouse Stocks: | 183,469,434.767 | +303,570.283 |
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 | 812.696 | 26,129,004 | US$35,101m |
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$5,978m |
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$483m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 40.63 | 1,306,427 | US$1,756m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 7.493 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 165.14: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,164.74: No change from yesterday’s data.
The Miners:
Sandstorm’s (SAND) fourth quarter and year end results, Comstock’s (LODE) fourth quarter and year end results, Seabridge’s (SA) mineral resource estimate, and Freeport’s (FCX) cut output in Indonesia were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Tanzanian Royalty | TRX +10.13% $2.61 |
2. Mines Management | MGN +5.63% $1.50 |
3. Sandstorm | SAND +5.58% $5.49 |
LOSERS
1. Turquoise | TRQ -10.10% $3.56 |
2. Avino | ASM -6.25% $1.95 |
3. Endeavour Silver | EXK -5.47% $4.84 |
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: Tuesday, 11 March 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Gains While Stocks Slump 
