-- Published: Wednesday, 19 March 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1329.30 | -$26.10 |
Silver | $20.57 | -$0.25 |
XAU | 98.27 | -3.72% |
HUI | 235.31 | -4.07% |
GDM | 708.55 | -3.55% |
JSE Gold | 1570.74 | -18.43 |
USD | 80.00 | +0.62 |
Euro | 138.28 | -1.04 |
Yen | 97.55 | -1.07 |
Oil | $100.37 | +$0.67 |
10-Year | 2.772% | +0.091 |
Bond | 133.5625 | -0.9375 |
Dow | 16222.17 | -0.70% |
Nasdaq | 4307.60 | -0.59% |
S&P | 1860.77 | -0.61% |
The Metals:
Gold fell throughout most of trade and ended near its late session low of $1327.74 with a loss of 1.93%. Silver slipped to as low as $20.503 and ended with a loss of 1.2%.
Euro gold fell to about €961, platinum lost $11 to $1444, and copper climbed a few cents to about $2.99.
Gold and silver equities traded just a little over 1% lower for most of the morning, but they then extended lower after today’s fed announcement and ended with about 4% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Current Account Balance | Q4 | -$81.1B | -$87.6B | -$96.4B |
U.S. mortgage applications fell last week -MBA Reuters
Fed revamps rates guidance, trims bond buys further Reuters
Fed Links Rate Outlook to Range of Data; Drops 6.5% Threshold Bloomberg
Tomorrow brings Initial Jobless Claims, Existing Home Sales, the Philadelphia Fed, and Leading Economic Indicators.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil pared early gains after the Energy Information Administration reported that crude inventories rose 5.9 million barrels, gasoline inventories fell 1.5 million barrels, and distillates fell 3.1 million barrels.
The U.S. dollar index traded mostly slightly higher before the fed announcement and markedly added to its gains after.
Treasuries extended lower after the fed trimmed its bond purchases and altered its guidance.
The Dow, Nasdaq, and S&P waffled near unchanged before the fed and traded notably lower afterwards.
Among the big names making news in the market today were JPMorgan, Oracle, Alibaba, Toyota, and FedEx.
GATA Posts:
Zero Hedge: U.S. government just makes up the debt holders report on the fly
The Statistics:
Activity from: 3/18/2014
Gold Warehouse Stocks: | 7,127,486.931 | +22,826.50 |
Silver Warehouse Stocks: | 182,907,152.500 | -364,997.69 |
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$34,954m |
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$5,958m |
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$481m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 40.03 | 1,287,107 | US$1,783m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 166.14: +1.00 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,164.74: No change from yesterday’s data.
The Miners:
Endeavour Mining’s (EDV.TO) 2013 results and Lake Shore’s (LSG) 2013 results were among the big stories in the gold and silver mining industry making headlines today.
WINNER
1. Great Panther | GPL +0.83% $1.21 |
LOSERS
1. ITH | THM -12.5% $0.98 |
2. Rubicon | RBY -10.4% $1.12 |
3. McEwen | MUX -9.24% $2.75 |
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: Wednesday, 19 March 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Over 1%
