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Gold Seeker Closing Report: Gold and Silver End Slightly Lower
By: Chris Mullen, Gold-Seeker.com

 -- Published: Tuesday, 10 March 2015 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1161.30

-$5.60

Silver

$15.68

-$0.11

XAU

63.78

-2.21%

HUI

157.56

-1.75%

GDM

490.29

-2.02%

JSE Gold

1175.40

+22.85

USD

98.59

+0.98

Euro

107.00

-1.51

Yen

82.59

+0.06

Oil

$48.29

-$1.71

10-Year

2.126%

-0.069

Bond

145.09375

+0.90625

Dow

17662.94

-1.85%

Nasdaq

4859.79

-1.67%

S&P

2044.16

-1.70%

 
 

 

The Metals:

 

Gold dropped $11.40 to $1155.50 in late Asian trade before it bounced back to $1170.31 in London and then fell back off again in New York, but it ended with a loss of just 0.48%.  Silver slipped to $15.621 in Asia before it bounced back to $15.847 and then also fell back off, but it ended with a loss of just 0.7%.

 

Euro gold rose to about €1085, platinum lost $20.50 to $1124.50, and copper fell 4 cents to about $2.63.

 

Gold and silver equities waffled near unchanged for most of the morning, but they then fell back off in afternoon trade and ended with about 2% losses.

 

The Economy:

 

Report

For

Reading

Expected

Previous

JOLTS - Job Openings

Jan

4.998M

-

4.877M

Wholesale Inventories

Jan

0.3%

-0.1%

0.0%

 

Tomorrow at 2PM EST brings the Treasury Budget for February expected at -$192 billion.

 

The Markets:

 

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

 

Oil fell over 3% as the U.S. dollar continued higher on thoughts that the fed may raise interest rates soon.

 

Treasuries rose as the Dow, Nasdaq, and S&P dropped over 1.5% on worries about interest rates.

 

Among the big names making news in the market today were Bain Capital, Verisk, and Credit Suisse.

 

GATA Posts:

 

 

China's international payments system is ready, could launch this year, Reuters says

Finance and Liberty interviews GATA Chairman Murphy

 

The Statistics:

Activity from: 3/9/2015

Gold Warehouse Stocks:

8,182,926.845

-80,375.00

Silver Warehouse Stocks:

177,442,188.871

-593,470.199

 

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

753.037

24,210,887

US$28,275m

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$5,174m

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$418m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

38.40

1,234,459

US$1,506m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 3.284 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 164.86: -0.60 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,181.17: No change from yesterday’s data.

 

The Miners:

 

B2Gold’s (BTG) commercial production achievement, Allied Nevada’s (ANV) financial restructuring, Timmins Gold’s (TGD) year end results, and Fortuna’s (FSM) updated Mineral Reserve and Mineral Resource estimates were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  SilverCrest

SVLC +2.78% $1.11

2.  New Gold

NGD +2.13% $3.35

3.  Buenaventura

BVN +1.70% $10.16

 

LOSERS

1.  Endeavour Silver

EXK -7.69% $1.68

2.  Coeur

CDE -6.72% $4.44

3.  AuRico

AUQ -6.64% $2.67

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 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.

 


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 -- Published: Tuesday, 10 March 2015 | E-Mail  | Print  | Source: GoldSeek.com

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