-- Published: Friday, 13 March 2015 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1155.20 | +$1.90 | -0.90% |
Silver | $15.57 | UNCH | -1.89% |
XAU | 65.57 | UNCH | -2.99% |
HUI | 160.65 | -0.39% | -3.22% |
GDM | 502.07 | UNCH | -3.40% |
JSE Gold | 1123.00 | -48.77 | -7.80% |
USD | 100.28 | +1.02 | +2.68% |
Euro | 104.83 | -1.43 | -3.36% |
Yen | 82.38 | -0.06 | -0.54% |
Oil | $44.84 | -$2.21 | -9.61% |
10-Year | 2.112% | +0.016 | -5.71% |
Bond | 145.6875 | UNCH | +1.82% |
Dow | 17749.31 | -0.82% | -0.60% |
Nasdaq | 4871.75 | -0.44% | -1.13% |
S&P | 2053.40 | -0.61% | -0.86% |
The Metals:
Gold gained $8.26 to $1161.56 in Asia before it fell back to $1151.57 in late morning New York trade, but it then bounced back higher in afternoon trade and ended with a gain of 0.17%. Silver rose to as high as $15.661 in Asia before it fell back to $15.484 and then also bounced back higher, but it still ended unchanged on the day.
Euro gold rose to about €1103, platinum remained at $1113, and copper climbed slightly to about $2.67.
Gold and silver equities fell as much as 3% by midmorning, but they then rallied back higher for most of the rest of trade and ended near unchanged.
The Economy:
Report | For | Reading | Expected | Previous |
PPI | Feb | -0.5% | 0.3% | -0.8% |
Core PPI | Feb | -0.5% | 0.1% | -0.1% |
Michigan Sentiment | Mar | 91.2 | 95.8 | 95.4 |
Surprise! U.S. Economic Data Has Been the World's Most Disappointing Bloomberg
All of this week’s other economic reports:
Next week’s economic highlights include Empire Manufacturing, Industrial Production, Capacity Utilization, the NAHB Housing Market Index, and Net Long-Term TIC Flows on Monday, Building Permits and Housing Starts on Tuesday, a FOMC Rate Decision on Wednesday, and Initial Jobless Claims, the Current Account Balance, the Philadelphia Fed, and Leading Indicators on Thursday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell almost 5% more as the U.S. dollar index rose despite more poor economic data as traders focused on next week’s fed meeting and the possibility that they will alter their statement in a way that allows them to raise interest rates soon.
Treasuries held near unchanged as the Dow, Nasdaq, and S&P dropped on worries about interest rates and the oil market.
Among the big names making news in the market Friday were Citigroup, Nomura, and Lumber Liquidators.
GATA Posts:
U.K. seeks to join China-backed Asian infrastructure bank
The Statistics:
Activity from: 3/12/2015
Gold Warehouse Stocks: | 8,078,625.900 | -68,035.745 |
Silver Warehouse Stocks: | 176,346,744.999 | -835,945.882 |
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 | 750.947 | 24,143,701 | US$27,797m |
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$5,121m |
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: Change in Total Tonnes from yesterday’s data: SPDR subtracted 2.09 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 164.02: No 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) year end results and Banro’s (BAA) dividends were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Sandstorm | SAND +5.78% $2.93 |
2. Yamana | AUY +5.63% $3.75 |
3. Paramount | PZG +5.21% $1.01 |
LOSERS
1. AngloGold | AU -4.53% $8.64 |
2. Freeport | FCX -3.97% $18.14 |
3. Harmony | HMY -3.43% $1.69 |
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: Friday, 13 March 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Almost 1% and 2% on the Week
