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

 -- Published: Tuesday, 24 March 2015 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1193.70

+$3.10

Silver

$17.00

-$0.06

XAU

70.55

+0.35%

HUI

173.01

+0.16%

GDM

545.73

+0.07%

JSE Gold

1261.84

-9.93

USD

97.15

+0.27

Euro

109.24

-0.22

Yen

83.55

+0.02

Oil

$47.51

+$0.06

10-Year

1.878%

-0.037

Bond

165.375

+1.34375

Dow

18011.14

-0.58%

Nasdaq

4994.72

-0.32%

S&P

2091.50

-0.61%

 
 

 

The Metals:

 

Gold edged down to $1185.20 in Asia before it rebounded to $1194.80 in London and then dropped back to $1186.21 by a little before 10AM EST, but it then bounced back higher into the close and ended with a gain of 0.26%.  Silver slipped to as low as $16.825 before it also rallied back higher, but it still ended with a loss of 0.35%.

 

Euro gold rose to about €1093, platinum lost $8 to $1138, and copper fell 8 cents to about $2.80.

 

Gold and silver equities waffled near unchanged and ended mixed.

 

The Economy:

 

Report

For

Reading

Expected

Previous

CPI

Feb

0.2%

0.2%

-0.7%

Core CPI

Feb

0.2%

0.1%

0.2%

FHFA Housing Price Index

Jan

0.3%

-

0.7%

New Home Sales

Feb

539K

465K

500K

 

Tomorrow at 8:30AM EST brings Durable Goods Orders for February.

 

The Markets:

 

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

 

Oil pared early gains after the U.S. dollar turned higher on better than expected housing data.

 

Treasuries saw decent gains on tame inflation data that allows the fed to keep interest rates low.

 

The Dow, Nasdaq, and S&P fell in afternoon trade on economic uncertainty.

 

Among the big names making news in the market today were UBS, Google, Standard General, and Morgan Stanley.

 

GATA Posts:

 

 

China's premier asks IMF to include yuan in SDR basket

Nevsun reports vandalism at Eritrea mine but nothing about air raid

China's Zijin in talks to buy gold, copper mines abroad

 

The Statistics:

Activity from: 3/23/2015

Gold Warehouse Stocks:

7,887,972.713

-25,720.00

Silver Warehouse Stocks:

175,346,868.031

+535,425.656

 

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$28,507m

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$5,287m

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: No change in Total Tonnes from yesterday’s data.

 

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

 

Silver Trust (SLV) Total Tonnes in Trust: 10,118.69: -44.63 change from yesterday’s data.

 

The Miners:

 

Freeport’s (FCX) dividend was the only big story in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Paramount

PZG +4.67% $1.12

2.  Eldorado

EGO +3.75% $5.26

3.  Yamana

AUY +2.96% $4.17

 

LOSERS

1.  Seabridge

SA -2.46% $6.34

2.  Royal Gold

RGLD-2.41% $66.68

3.  Primero

PPP -2.15% $3.64

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: Tuesday, 24 March 2015 | E-Mail  | Print  | Source: GoldSeek.com

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