-- Published: Thursday, 26 March 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1203.40 | +$7.80 |
Silver | $17.05 | +$0.08 |
XAU | 68.38 | -1.58% |
HUI | 167.42 | -1.79% |
GDM | 529.05 | -1.77% |
JSE Gold | 1303.34 | +38.11 |
USD | 97.36 | +0.48 |
Euro | 108.83 | -0.89 |
Yen | 83.88 | +0.19 |
Oil | $51.43 | +$2.22 |
10-Year | 2.007% | +0.087 |
Bond | 162.53125 | -2.00 |
Dow | 17678.23 | -0.23% |
Nasdaq | 4863.36 | -0.27% |
S&P | 2056.15 | -0.24% |
The Metals:
Gold jumped $23.86 to $1219.46 by a little after 4AM EST before it fell back to off in London and New York, but it still ended with a gain of 0.65%. Silver surged to as high as $17.395 and ended with a gain of 0.47%.
Euro gold rose to about €1105, platinum gained $7 to $1149, and copper climbed a couple of cents to about $2.81.
Gold and silver equities rose nearly 3% at the open, but they then fell back off for most of the rest of trade and ended with almost 2% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 3/21 | 282K | 290K | 291K |
Tomorrow brings GDP and Michigan Sentiment.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose another 4.5% on news that Saudi Arabia and its Gulf Arab allies began air strikes in Yemen.
The U.S. dollar ended decently higher in mixed trade as the yen and Swiss franc rose on safe haven buying.
Treasuries extended lower after today’s $29 billion 7-year note auction sold at yield 1.792% with bid to cover of just 2.32, which is the lowest since May 2009. This follows yesterday’s weak demand for the Treasury's $35 billion sale of five-year notes.
The Dow, Nasdaq, and S&P traded mostly slightly lower on worries about earnings, valuations, and interest rates.
Among the big names making news in the market today were Lululemon, SanDisk, Winnebago, Scholastic, American Apparel, and RadioShack.
GATA Posts:
Gold market manipulation raised by Euronews broadcast
The Statistics:
Activity from: 3/25/2015
Gold Warehouse Stocks: | 7,981,965.774 | +94,185.961 |
Silver Warehouse Stocks: | 175,180,435.491 | - |
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 | 743.207 | 23,894,853 | US$28,739m |
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$5,357m |
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$433m |
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 1.194 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 164.71: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,118.69: No change from yesterday’s data.
The Miners:
ITH’s (THM) new COO, Barrick’s (ABX) partnership model, Golden Star’s (GSS) Mineral Reserve and Mineral Resource estimates and Feasibility Study results, Endeavour Mining’s (EDV.TO) new CFO, Lake Shore’s (LSG) 2014 results, and Santacruz Silver’s (SCZ.V) resumed mine operations were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Freeport | FCX +2.15% $19.50 |
2. Turquoise | TRQ +2.03% $3.01 |
3. Richmont | RIC +1.91% $3.20 |
LOSERS
1. NovaGold | NG -4.47% $2.99 |
2. B2Gold | BTG -4.22% $1.59 |
3. Kinross | KGC -4.07% $2.36 |
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, 26 March 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain While Stocks Fall Again
