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Gold Seeker Closing Report: Gold and Silver Close Mixed Again
By: Chris Mullen, Gold-Seeker.com

 -- Published: Tuesday, 1 April 2014 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1280.50

-$2.80

Silver

$19.81

+$0.02

XAU

91.53

+0.37%

HUI

219.92

+0.35%

GDM

655.64

+0.15%

JSE Gold

1436.92

-10.21

USD

80.08

-0.01

Euro

137.95

+0.23

Yen

96.44

-0.46

Oil

$99.74

-$1.84

10-Year

2.759%

+0.036

Bond

132.50

+0.71875

Dow

16532.61

+0.46%

Nasdaq

4268.03

+1.64%

S&P

1885.52

+0.70%

 
 

 

The Metals:

 

Gold edged down to $1278.47 in Asia before it rebounded to $1287.81 in London and then dropped back to $1277.77 by midafternoon in New York, but it then bounced back higher into the close and ended with a loss of just 0.22%.  Silver slipped to $19.678 before it rebounded $19.902 and then also fell back off, but it still ended with a gain of 0.1%.

 

Euro gold fell to about €928, platinum gained $9 to $1422, and copper climbed a couple of cents to about $3.05.

 

Gold and silver equities saw about 1% gains for most of the morning before they fell to see slight loses by midafternoon, but they then edged back higher in the last couple of hours of trade and ended with modest gains.

 

The Economy:

 

Report

For

Reading

Expected

Previous

ISM Index

Mar

53.7

54.0

53.2

Construction Spending

Feb

0.1%

0.1%

-0.2%

 

Tomorrow brings ADP Employment and Factory Orders.

 

The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil fell back below $100 a barrel on poor manufacturing data out of China and the US.

 

The U.S. dollar index traded mostly slightly lower and ended near unchanged.

 

Treasuries fell on hopes for positive jobs data that sent the Dow, Nasdaq, and S&P higher.

 

Among the big names making news in the market today were GM, Ford, Nissan, Intuitive Surgical, and Bank of America.

 

GATA Posts:

 

 

Roberts and Kranzler: Fed stomps gold harder to support dollar at key level

Hong Kong, New Zealand investigate banks over FX manipulation

Exchanges, not funds and banks, are the real culprits in high-frequency trading

FBI investigating high-speed trading

 

The Statistics:

Activity from: 3/31/2014

Gold Warehouse Stocks:

7,740,744.593

-99.86

Silver Warehouse Stocks:

179,096,761.242

-694,053.76

 

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

813.076

26,141,205

US$33,544m

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$5,691m

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$459m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

40.03

1,286,952

US$1,690m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 3.896 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 165.20: -0.94 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,212.58: +47.84 change from yesterday’s data.

 

The Miners:

 

Almaden’s (AAU) exploration update, Richmont’s (RIC) updated National Instrument 43-101 technical report, Paramount’s (PZG) assays, Seabridge’s (SA) filed National Instrument 43-101 technical report, MAG Silver’s (MVG) 2013 results, and Avino’s (ASM) sampling results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Rio Alto

RIOM +3.61% $2.01

2.  Richmont

RIC +3.55% 1.46%

3.  Solitario

XPL +3.15% $1.31

 

LOSERS

1.  Eurasian

EMXX -4.62% $0.992

2.  Tanzanian Royalty

TRX -2.52% $2.32

3.  IAMGOLD

IAG -2.27% $3.44

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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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.

 


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 -- Published: Tuesday, 1 April 2014 | E-Mail  | Print  | Source: GoldSeek.com

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