-- Published: Thursday, 12 March 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1153.30 | -$0.70 |
Silver | $15.57 | +$0.07 |
XAU | 65.57 | -0.59% |
HUI | 161.28 | -0.89% |
GDM | 502.07 | -0.47% |
JSE Gold | 1171.77 | +9.24 |
USD | 99.26 | -0.47 |
Euro | 106.22 | +0.82 |
Yen | 82.42 | +0.13 |
Oil | $47.05 | -$1.12 |
10-Year | 2.096% | -0.013 |
Bond | 145.375 | -0.34375 |
Dow | 17895.22 | +1.47% |
Nasdaq | 4893.29 | +0.89% |
S&P | 2065.95 | +1.26% |
The Metals:
Gold climbed $12.50 to $1166.50 in Asia before it fell back to $1148.62 by early afternoon in New York and then bounced back higher into the close, but it still ended with a loss of 0.06%. Silver rose to as high as $15.716 before it also fell back off, but it still ended with a gain of 0.45%.
Euro gold fell to about €1086, platinum lost $2 to $1113, and copper climbed 5 cents to about $2.66.
Gold and silver equities waffled near unchanged and ended with modest losses.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 3/12 | 289K | 306K | 325K |
Retail Sales | Feb | -0.6% | 0.4% | -0.8% |
Retail Sales ex-auto | Feb | -0.1% | 0.6% | -1.1% |
Export Prices | Feb | -0.1% | - | -1.9% |
Export Prices ex-ag. | Feb | 0.2% | - | -2.0% |
Import Prices | Feb | 0.4% | - | -3.1% |
Import Prices ex-oil | Feb | -0.3% | - | -0.6% |
Business Inventories | Jan | 0.0% | 0.1% | 0.0% |
Treasury Budget | Feb | -$192.3B | -$192.0B | -$193.5B |
Tomorrow brings PPI and Michigan Sentiment.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell on the continued outlook for ample supplies.
The U.S. dollar dropped on poor economic data as the euro rebounded from yesterday’s 12-year low.
Treasuries turned slightly lower after today’s $13 billion 30 year note auction sold at a yield of 2.681% with a bid to cover of just 2.18.
The Dow, Nasdaq, and S&P rose about 1% on hopes that today’s poor economic data will influence the fed to hold off on raising interest rates.
Among the big names making news in the market today were Dollar General, Intel, Alibaba, and Lumber Liquidator.
GATA Posts:
Ambrose Evans-Pritchard: Global finance faces $9 trillion stress test as dollar soars
TF Metals Report: Yen and gold selling trade seems to be on again
The Statistics:
Activity from: 3/11/2015
Gold Warehouse Stocks: | 8,146,661.645 | -32,246.45 |
Silver Warehouse Stocks: | 177,182,690.881 | -260,495.79 |
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$27,881m |
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$5,114m |
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$414m |
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: 164.02: -0.84 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,181.17: No change from yesterday’s data.
The Miners:
Yamana’s (AUY) agreement with the provincial Government of Catamarca, SEMAFO’s (SMF.TO) year end results, and Lake Shore’s (LSG) annual reserve update were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Turquoise | TRQ +2.62% $3.13 |
2. Hecla | HL +2.12% $2.89 |
3. Alamos | AGI +1.76% $5.78 |
LOSERS
1. Endeavour Silver | EXK -6.63% $1.69 |
2. Harmony | HMY -4.37% $1.75 |
3. Richmont | RIC -3.92% $2.94 |
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: Thursday, 12 March 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Mixed
