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

 -- 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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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: Thursday, 12 March 2015 | E-Mail  | Print  | Source: GoldSeek.com

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