-- Published: Tuesday, 18 March 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1355.40 | -$10.80 |
Silver | $20.82 | -$0.31 |
XAU | 102.07 | -0.82% |
HUI | 245.30 | -1.37% |
GDM | 734.45 | -1.55% |
JSE Gold | 1589.17 | -53.84 |
USD | 79.38 | UNCH |
Euro | 139.31 | +0.08 |
Yen | 98.65 | +0.35 |
Oil | $99.70 | +$1.62 |
10-Year | 2.681% | -0.018 |
Bond | 134.625 | +0.3125 |
Dow | 16336.19 | +0.55% |
Nasdaq | 4333.31 | +1.25% |
S&P | 1872.25 | +0.72% |
The Metals:
Gold dropped down to $1357.68 in early Asian trade before it rebounded to $1363.97 at about 5AM EST and then fell to a new session low of $1350.83 in the next four hours of trade, but it then rallied back higher for most of the rest of trade and ended with a loss of just 0.79%. Silver slipped to as low as $20.629 before it also bounced back higher, but it still ended with a loss of 1.47%.
Euro gold fell to about €973, platinum lost $6 to $1455, and copper remained at about $2.96.
Gold and silver equities fell over 2% at the open before they rallied back to about unchanged by early afternoon, but they then edged back lower in late trade and ended with about 1% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Housing Starts | Feb | 907K | 915K | 909K |
Building Permits | Feb | 1018K | 955K | 945K |
CPI | Feb | 0.1% | 0.2% | 0.1% |
Core CPI | Feb | 0.1% | 0.1% | 0.1% |
Net Long-Term TIC Flows | Jan | $7.3B | - | -$45.9B |
Tomorrow brings the Current Account Balance and a FOMC Rate Decision.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose on decent economic data and that sent and the Dow, Nasdaq, and S&P higher. The U.S. dollar index ended unchanged in mixed trade ahead of tomorrow’s fed meeting. Treasuries climbed higher on worries about Ukraine.
Among the big names making news in the market today were Google and Viacom, Microsoft, Wal-Mart, and Hertz.
GATA Posts:
New York attorney general to investigate high-frequency trading
Under new scrutiny, gold manipulators changing tactics, Sprott says
On RT's 'Boom/Bust,' fund manager Tice endorses GATA's work
Russia planned bear raid on Wall Street, former treasury secretary tells BBC
Putin understood currency market rigging 5 years ago, as Mozhaiskov did 10 years ago
The Statistics:
Activity from: 3//2014
Gold Warehouse Stocks: | 7,104,660.431 | - |
Silver Warehouse Stocks: | 183,272,150.190 | +1,009,802.59 |
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 | 812.776 | 26,131,551 | US$35,418m |
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$6,032m |
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$488m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 40.03 | 1,287,107 | US$1,783m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 3.817 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:
Primero’s (PPP) addition to the NYSE Arca Gold Miners Index (GDM) and Santacruz Silver’s (SCZ.V) production results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Eurasian | EMXX +5.88% $1.08 |
2. Coeur | CDE +4.82% $11.10 |
3. Alexco | AXU +3.29% $2.20 |
LOSERS
1. Fortuna | FSM -5.42% $3.84 |
2. Timmins | TGD -5.30% $1.43 |
3. Rubicon | RBY -5.30% $1.25 |
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, 18 March 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End About 1% Lower
