-- 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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-- Published: Tuesday, 1 April 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Close Mixed Again
