-- Published: Wednesday, 11 March 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1154.00 | -$7.30 |
Silver | $15.50 | -$0.18 |
XAU | 65.96 | +3.42% |
HUI | 162.73 | +3.28% |
GDM | 504.41 | +0.81% |
JSE Gold | 1162.53 | -12.87 |
USD | 99.73 | +1.14 |
Euro | 105.41 | -1.40 |
Yen | 82.32 | -0.24 |
Oil | $48.17 | -$0.12 |
10-Year | 2.109% | -0.017 |
Bond | 145.75 | +0.50 |
Dow | 17635.39 | -0.16% |
Nasdaq | 4849.94 | -0.20% |
S&P | 2040.24 | -0.19% |
The Metals:
Gold edged up to $1164.69 in late Asian trade before it fell back to $1147.97 in late morning New York trade and then bounced back higher in afternoon trade, but it still ended with a loss of 0.63%. Silver slipped to a low as $15.289 and ended with a loss of 0.45%.
Euro gold rose to about €1095, platinum lost $9.50 to $1115, and copper fell a couple of cents to about $2.61.
Gold and silver equities fell about 2% in the first hour of trade, but they then rallied back higher for most of the rest of trade and ended with roughly 2% gains.
The Economy:
Tomorrow brings Initial Jobless Claims, Retail Sales, Import and Export Prices, Business Inventories, and the Treasury Budget.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ended slightly lower after the Energy Information Administration reported that crude inventories rose 4.5 million barrels, gasoline inventories fell 200,000 barrels, and distillates rose 2.5 million barrels.
The U.S. dollar rose over 1% as the euro continued to fall on divergent interest rate policies between the fed and the ECB.
Treasuries saw slight gains as the Dow, Nasdaq, and S&P edged lower in afternoon trade on worries about interest rates.
Among the big names making news in the market today were Berkshire Hathaway, Shake Shack, and UBS.
GATA Posts:
Venezuela negotiating again to pawn its gold reserves, sources tell Reuters
The Statistics:
Activity from: 3/10/2015
Gold Warehouse Stocks: | 8,178,908.095 | -4,018.75 |
Silver Warehouse Stocks: | 177,443,186.671 | +997.80 |
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$27,826m |
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$5,103m |
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$413m |
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: 164.86: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,181.17: No change from yesterday’s data.
The Miners:
Harmony’s (HMY) discovery and Kirkland’s (KGI.TO) third quarter results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. MAG Silver | MVG +10.15% $6.73 |
2. AuRico | AUQ +9.74% $2.93 |
3. McEwen | MUX +9.57% $1.03 |
LOSERS
1. SilverCrest | SVLC -3.46% $1.07 |
2. Turquoise | TRQ -0.97% $3.05 |
3. Avino | ASM -0.78% $1.28 |
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: Wednesday, 11 March 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Lower Again
