-- Published: Tuesday, 25 March 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1311.80 | +$2.30 |
Silver | $20.00 | +$0.02 |
XAU | 94.52 | +0.65% |
HUI | 228.02 | +0.61% |
GDM | 679.15 | +0.28% |
JSE Gold | 1522.30 | +13.35 |
USD | 79.94 | +0.03 |
Euro | 138.24 | -0.13 |
Yen | 97.82 | -0.02 |
Oil | $99.19 | -$0.41 |
10-Year | 2.735% | +0.002 |
Bond | 132.9375 | -0.15625 |
Dow | 16367.88 | +0.56% |
Nasdaq | 4234.26 | +0.19% |
S&P | 1865.62 | +0.44% |
The Metals:
Gold gained $7.79 to $1317.29 in Asia before it fell back to $1306.15 at about 8:30AM EST, but it then bounced back higher in New York and ended with a gain of 0.18%. Silver rose to as high as $20.204 before it dropped back to $19.931 and then also bounced back higher, but it ended with a gain of just 0.1%.
Euro gold rose to about €949, platinum lost $4 to $1416, and copper climbed 5 cents to about $3.00.
Gold and silver equities rose over 1% in the first half hour of trade before they fell back towards unchanged by midday, but they then edged back higher in afternoon trade and ended with about 0.5% gains.
The Economy:
Report | For | Reading | Expected | Previous |
Case-Shiller 20-city Index | Jan | 13.2% | 13.3% | 13.4% |
FHFA Housing Price Index | Jan | 0.5% | - | 0.7% |
Consumer Confidence | Mar | 82.3 | 78.2 | 78.3 |
New Home Sales | Feb | 440K | 445K | 455K |
Fed's Plosser: Yellen's 'six months' comment was no mistake: CNBC Reuters
Tomorrow at 8:30AM EST brings Durable Goods Orders for February.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ended lower in mixed trade ahead of tomorrow’s inventory data.
The U.S. dollar index rose as the euro fell after a poor reading of German business confidence.
Treasuries closed slightly lower as the Dow, Nasdaq, and S&P traded mostly higher on mixed economic data.
Among the big names making news in the market today were JPMorgan and Carlyle, CommonWealth REIT, American Apparel, J. Crew, Disney, Google, and MetLife.
GATA Posts:
TF Metals Report: Again, this isn't complicated
Gold leasing and price suppression getting harder for central banks, Rickards says
The Statistics:
Activity from: 3/24/2014
Gold Warehouse Stocks: | 7,435,082.833 | -53,216.989 |
Silver Warehouse Stocks: | 181,736,734.744 | -834,709.066 |
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 | 821.467 | 26,410,991 | US$34,678m |
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$5,822m |
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$471m |
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 added 4.495 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 166.14: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,164.74: No change from yesterday’s data.
The Miners:
Timberline’s (TLR) accepted plan of compliance and Nevsun’s (NSU) filed technical report were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Midway | MDW +5.71% $1.11 |
2. Great Panther | GPL +4.85% $1.08 |
3. Paramount | PZG +4.72% $1.33 |
LOSERS
1. Mines Management | MGN -3.97% $1.21 |
2. McEwen | MUX -3.35% $2.60 |
3. Alexco | AXU -3.31% $1.75 |
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: Tuesday, 25 March 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Higher
