-- Published: Wednesday, 19 March 2014 | Print | Disqus
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.
Current Account Balance
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.
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.
Zero Hedge: U.S. government just makes up the debt holders report on the fly
Activity from: 3/18/2014
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Johannesburg Securities Exchange (JSE)
New Gold Debentures
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.
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.
1. Great Panther
GPL +0.83% $1.21
THM -12.5% $0.98
RBY -10.4% $1.12
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
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-- Published: Wednesday, 19 March 2014 | E-Mail | Print | Source: GoldSeek.com