-- Published: Monday, 2 March 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1205.50 | -$5.60 |
Silver | $16.37 | -$0.20 |
XAU | 75.03 | -2.47% |
HUI | 186.61 | -2.87% |
GDM | 575.75 | -2.44% |
JSE Gold | 1373.69 | -7.93 |
USD | 95.47 | +0.19 |
Euro | 111.82 | -0.14 |
Yen | 83.22 | -0.37 |
Oil | $49.59 | -$0.17 |
10-Year | 2.084% | +0.082 |
Bond | 145.625 | -1.40625 |
Dow | 18288.63 | +0.86% |
Nasdaq | 5008.09 | +0.90% |
S&P | 2117.39 | +0.61% |
The Metals:
Gold climbed $12.14 to $1223.24 in Asia, but it then fell back off in London and New York and ended with a loss of 0.46%. Silver slipped to as low as $16.36 and ended with a loss of 1.21%.
Euro gold fell to about €1078, platinum remained at $1185, and copper climbed to about $2.70.
Gold and silver equities drifted lower for most of trade and ended with about 2.5% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Personal Income | Jan | 0.3% | 0.4% | 0.3% |
Personal Spending | Jan | -0.2% | -0.1% | -0.3% |
PCE Prices – Core | Jan | 0.1% | 0.2% | 0.0% |
ISM Index | Feb | 52.8 | 53.0 | 53.5 |
Construction Spending | Jan | -1.1% | 0.2% | 0.8% |
There are no major economic reports due out tomorrow.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ended modestly lower on reports that Libya’s oil production is rising.
The U.S. dollar ended slightly higher in mixed trade and treasuries fell despite this morning’s worse than expected economic data as many believe the fed is getting closer to raising interest rates anyway.
The Dow, Nasdaq, and S&P rose on apparent relief that today’s economic data was not even worse than reported.
Among the big names making news in the market today were HSBC, HP, Warren Buffett, and NXP.
GATA Posts:
Lawrence Williams: Could China actually have 30,000 tonnes of gold in reserves?
The Statistics:
Activity from: 2/27/2015
Gold Warehouse Stocks: | 8,321,481.702 | -16,107.65 |
Silver Warehouse Stocks: | 177,162,908.500 | +267,705.35 |
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 | 771.249 | 24,796,426 | US$30,052m |
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$5,368m |
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$434m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 38.40 | 1,234,459 | US$1,506m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 166.43: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,131.48: No change from yesterday’s data.
The Miners:
Eldorado’s (EGO) Greece update, Eurasian’s (EMXX) exploration results, Randgold’s (GOLD) board appointment, Silver Bear’s (SBR.TO) promissory notes, and Revett’s (RVM) permitting update were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Paramount | PZG +8.04% $1.21 |
2. Coeur | CDE +2.23% $5.97 |
3. Rubicon | RBY +0.85% $1.18 |
LOSERS
1. Eldorado | EGO -7.41% $5.37 |
2. Gold Fields | GFI -6.67% $4.34 |
3. Sandstorm | SAND -6.08% $3.40 |
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
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
Additional Resources for today’s Gold Seeker Report can be found:
© Gold Seeker 2015
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.
| Digg This Article
-- Published: Monday, 2 March 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall While Stocks Climb Higher
