-- Published: Monday, 31 March 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1283.30 | -$9.40 |
Silver | $19.79 | UNCH |
XAU | 91.19 | -2.31% |
HUI | 219.17 | -2.51% |
GDM | 654.63 | -2.09% |
JSE Gold | 1447.13 | -21.57 |
USD | 80.09 | -0.08 |
Euro | 137.77 | +0.28 |
Yen | 96.88 | -0.37 |
Oil | $101.58 | -$0.09 |
10-Year | 2.723% | +0.011 |
Bond | 133.09375 | -0.4375 |
Dow | 16457.66 | +0.82% |
Nasdaq | 4198.99 | +1.04% |
S&P | 1872.34 | +0.79% |
The Metals:
Gold climbed up to $1298.06 in Asia before it fell back to as low as $1282.52 in afternoon New York trade and then bounced back higher into the close, but it still ended with a loss of 0.73%. Silver climbed to as high as $20.006 before it fell back to $19.726, but it then edged back higher in late trade ended unchanged on the day.
Euro gold fell to about €932, platinum gained $8.30 to $1413, and copper fell slightly to about $3.03.
Gold and silver equities fell over 1% at the open before they rallied back to about unchanged in the next 45 minutes of trade, but they then dropped to see over 2% losses by early afternoon and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Chicago PMI | Mar | 55.9 | 60.1 | 59.8 |
Yellen strongly defends easy Fed policies, cites U.S. labor slack Reuters
Yellen Says Extraordinary Support Needed for ‘Some Time’ Bloomberg
Tomorrow brings the ISM Index and Construction Spending.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ended slightly lower in mixed end of the quarter trade.
The U.S. dollar index fell on poor economic data.
Treasuries fell as the Dow, Nasdaq, and S&P rose on Yellen’s pledge to continue to support the economy.
Among the big names making news in the market today were GM, EnCana, UnitedHealth, and AT&T.
GATA Posts:
Swiss, UK watchdogs step up scrutiny on forex traders
High-speed traders rip investors off, author Michael Lewis tells '60 Minutes'
Gold repatriation becomes an issue in the Solomon Islands
Koos Jansen: West-to-East gold exodus in full swing
Gold bugs and fiat currency advocates each have their own economic myths
CMRE spring dinner is likely to hear plenty about gold
Gene Arensberg: Comex commercials covering gold shorts in a hurry
Financial Times Adviser reviews Dimitri Speck's 'The Gold Cartel'
Class-action anti-trust suit against London gold fixers draws on GATA consultant's work
The Statistics:
Activity from: 3/28/2014
Gold Warehouse Stocks: | 7,740,844.453 | +41,748.24 |
Silver Warehouse Stocks: | 179,790,814.752 | +108,916.276 |
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$33,915m |
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$5,719m |
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$461m |
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:
Barrick’s (ABX) new executive compensation program, Gold fields’ (GFI) Integrated Annual Review, Banro’s (BAA) 2013 results, Alamos Gold’s (AGI) dividend and increase in reserves and resources, Kirkland’s (KGI.TO) strategic review process, Endeavour Silver’s (EXK) mine fatality, and Silver Bear’s (SBR.TO) PEA were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Solitario | XPL +1.93% $1.27 |
2. Almaden | AAU +1.45% $1.39 |
3. Freeport | FCX +0.64% $33.07 |
LOSERS
1. Allied Nevada | ANV -7.11% $4.31 |
2. Alexco | AXU -6.83% $1.50 |
3. MAG Silver | MVG -5.74% $6.90 |
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: Monday, 31 March 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Mixed
