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Gold Seeker Closing Report: Gold Gains and Silver Surges
By: Chris Mullen, Gold-Seeker.com

 -- Published: Monday, 23 March 2015 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1190.60

+$7.40

Silver

$17.06

+$0.33

XAU

70.80

+2.22%

HUI

173.29

+2.04%

GDM

545.54

+2.19%

JSE Gold

1271.77

-5.20

USD

96.88

-1.01

Euro

109.55

+1.41

Yen

83.50

+0.18

Oil

$47.45

+$0.88

10-Year

1.915%

-0.015

Bond

148.59375

UNCH

Dow

18116.04

-0.06%

Nasdaq

5010.97

-0.31%

S&P

2104.42

-0.17%

 
 

 

The Metals:

 

Gold edged down to $1179.38 in late Asian trade, but it then rallied back higher in London and New York and ended near its late session high of $1191.50 with a gain of 0.625%.  Silver rose to as high as $17.092 and ended with a gain of 1.97%.

 

Euro gold fell to about €1086, platinum gained $11 to $1146, and copper jumped 13 cents to about $2.88.

 

Gold and silver equities rose about 2% by midmorning and remained near that level for the rest of the day.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Existing Home Sales

Feb

4.88M

4.90M

4.82M

 

Tomorrow brings CPI, the FHFA Housing Price Index, and New Home Sales.

 

The Markets:

 

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

 

Oil rose almost 2% as the U.S. dollar fell markedly on doubts over when the fed may raise interest rates.

 

The Dow, Nasdaq, and S&P waffled near unchanged and ended slightly lower.

 

Among the big names making news in the market today were Biogen, Schlumberger, Alibaba, Pirelli, and RBS.

 

GATA Posts:

 

 

Ethiopian warplanes reported to have attacked Nevsun gold mine in Eritrea

 

The Statistics:

Activity from: 3/20/2015

Gold Warehouse Stocks:

7,836,627.072

-

Silver Warehouse Stocks:

174,811,442.375

-63,258.47

 

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

744.401

23,933,240

US$28,381m

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$5,276m

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$427m

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 5.373 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 164.71: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,163.32: -17.85 change from yesterday’s data.

 

The Miners:

 

Barrick’s (ABX) Pascua-Lama project, IAMGOLD’s (IAG) royalty sale to Sandstorm Gold, Seabridge Gold’s (SA) resource expansion, Hecla’s (HL) celebration of 50 years on the NYSE, and Avino’s (ASM) 2014 results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Gold Resource

GORO +9.83% $3.24

2.  Fortuna

FSM +9.04% $4.10

3.  First Majestic

AG +8.88% $6.13

 

LOSERS

1.  Richmont

RIC -4.15% $3.00

2.  Nevsun

NSU -1.11% $3.55

3.  Turquoise

TRQ -0.67% $2.97

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: Monday, 23 March 2015 | E-Mail  | Print  | Source: GoldSeek.com

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