-- Published: Friday, 28 March 2014 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1292.70 | +$0.20 | -3.02% |
Silver | $19.79 | +$0.04 | -2.46% |
XAU | 93.35 | +1.68% | -5.23% |
HUI | 224.81 | +1.59% | -4.77% |
GDM | 668.63 | +1.57% | -5.21% |
JSE Gold | 1468.70 | +37.19 | -6.69% |
USD | 80.17 | +0.03 | +0.10% |
Euro | 137.54 | +0.13 | -0.30% |
Yen | 97.27 | -0.60 | -0.64% |
Oil | $101.67 | +$0.39 | +2.22% |
10-Year | 2.712% | +0.040 | -1.38% |
Bond | 133.40625 | -0.8125 | -0.12% |
Dow | 16323.06 | +0.36% | +0.12% |
Nasdaq | 4155.75 | +0.11% | -2.83% |
S&P | 1857.62 | +0.46% | -0.47% |
The Metals:
Gold climbed $6.19 to $1298.69 at about 4AM EST before it fell back to a new 6-week low of $1285.81 in the next six hours of trade, but it then bounced back higher into the close and ended with a gain of 0.02%. Silver slipped to as low as $19.649 before it also bounced back higher and ended with a gain of 0.2%.
Euro gold remained at about €940, platinum gained $9.70 to $1404.70, and copper climbed 4 cents to about $3.04.
Gold and silver equities rose about 2% in the first hour of trade and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Personal Income | Feb | 0.3% | 0.2% | 0.3% |
Personal Spending | Feb | 0.3% | 0.3% | 0.2% |
PCE Prices - Core | Feb | 0.1% | 0.1% | 0.1% |
Michigan Sentiment | Mar | 80.0 | 80.0 | 79.9 |
Fed's Evans sees no rate rise before mid-2015 Reuters
U.S. Jobs, GM Recall, Japan, ECB: Week Ahead March 29-April 5 Bloomberg
All of this week’s other economic reports:
Next week’s economic highlights include Chicago PMI on Monday, the ISM Index and Construction Spending on Tuesday, ADP Employment and Factory Orders on Wednesday, Initial Jobless Claims, the Trade Balance, and ISM Services on Thursday, and March’s jobs data on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose on decent economic data and worries about Russia.
The U.S. dollar index ended slightly higher in mixed trade.
Treasuries fell as the Dow, Nasdaq, and S&P climbed to see notable gains in the first hour of trade, but the major indices then drifted back lower in afternoon trade and ended with only modest gains.
Among the big names making news in the market Friday were GM, BMW, BofA, Caesars, Blackberry, and Toronto-Dominion.
GATA Posts:
Gold market manipulation update, March 2014
Gold manipulation is now so obvious it should embarrass the manipulators, Rickards says
IMF bailout of Ukraine is actually rescue of Western investment houses and Russian banks
The Statistics:
Activity from: 3/27/2014
Gold Warehouse Stocks: | 7,699,096.213 | +31,924.951 |
Silver Warehouse Stocks: | 179,681,898.476 | -1,158,511.68 |
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 | 816.972 | 26,266,458 | US$33,995m |
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$5,743m |
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$464m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 40.03 | 1,286,952 | US$1,690m |
Note: No change in Total Tonnes from yesterday’s data.
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:
Newcrest’s (NCM.AX) bank loans, Rio Alto’s (RIOM) 2013 results, and Randgold’s resource base and production forecast were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Eurasian | EMXX +7.07% $1.06 |
2. Avino | ASM +5.41% $1.56 |
3. Paramount | PZG +4.84% $1.30 |
LOSERS
1. Alamos | AGI -2.98% $9.11 |
2. Rio Alto | RIOM -1.92% $2.04 |
3. Great Panther | GPL -0.93% $1.06 |
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: Friday, 28 March 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall About 3% on the Week
