-- Published: Thursday, 2 April 2015 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1201.30 | -$2.90 | +0.22% |
Silver | $16.74 | -$0.22 | -1.24% |
XAU | 67.95 | -1.36% | +0.34% |
HUI | 167.03 | -1.25% | +0.49% |
GDM | 527.20 | -0.64% | +0.60% |
JSE Gold | 1221.18 | +23.76 | -3.06% |
USD | 97.53 | -0.69 | +0.21% |
Euro | 108.82 | +1.20 | -0.06% |
Yen | 83.52 | -0.02 | -0.45% |
Oil | $49.14 | -$0.95 | +0.55% |
10-Year | 1.904% | +0.036 | -5.13% |
Bond | 164.375 | -1.4375 | +0.22% |
Dow | 17763.24 | +0.37% | +0.29% |
Nasdaq | 4886.93 | +0.14% | -0.09% |
S&P | 2066.96 | +0.35% | +0.29% |
The Metals:
Gold edged up to $1207.30 in Asia before it fell back to $1195.83 by late morning in New York, but it then bounced back higher in the last five hours of trade and ended with a loss of just 0.24%. Silver slipped to as low as $16.619 and ended with a loss of 1.3%.
Euro gold fell to about €1104, platinum lost $11 to $1150, and copper fell a couple of cents to about $2.73.
Gold and silver equities traded mostly slightly lower and ended with about 1% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 3/28 | 268K | 285K | 288K |
Trade Balance | Feb | -$35.4B | -$42.0B | -$42.7B |
Factory Orders | Feb | 0.2% | -0.5% | -0.7% |
Despite the fact that US markets are closed tomorrow for Good Friday, the labor department will still release its jobs report for March.
When do markets close for Good Friday? MarketWatch
All of this week’s other economic reports:
Next week’s economic highlights include ISM Services on Monday, Consumer Credit on Tuesday, FOMC Minutes on Wednesday, Initial Jobless Claims and Wholesale Inventories on Thursday, and Export and Import Prices and the Treasury Budget on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ended about 2% lower on hopes that a deal can be reached with Iran over its nuclear program.
The U.S. dollar index dropped on worries about tomorrow’s jobs report.
Treasuries fell on decent economic data that sent the Dow, Nasdaq, and S&P mostly higher.
Among the big names making news in the market Friday were CarMax, Lumber Liquidators, Micron, Apple, Spotify, and Goldman Sachs.
GATA Posts:
Barrick Gold must face U.S. lawsuit over mothballed mine
World Gold Council considers launch of new London exchange
Former BIS official criticizes central bank 'guidance' on interest rates
Israel applies to become founding member of Asian development bank
Zero Hedge: Custodial gold claimed by NY Fed falls below 6,000 tonnes
The Statistics:
Activity from: 4/1/2015
Gold Warehouse Stocks: | 7,849,806.094 | -160,835.80 |
Silver Warehouse Stocks: | 176,493,085.939 | -157,052.77 |
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 | 737.237 | 23,702,920 | US$28,395m |
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$5,324m |
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$431m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 30.65 | 985,333 | US$1,181m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 164.92: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,014.56: No change from yesterday’s data.
The Miners:
Midway’s (MDW) operations update, Sandstorm’s (SAND) corporate update, and Pretivm’s (PVG) Cooperation and Benefits Agreement with the Nisga'a Nation were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Tahoe Resources | TAHO +3.83% $11.94 |
2. Pretivm | PVG +3.65% $5.68 |
3. Paramount | PZG +1.94% $1.00 |
LOSERS
1. McEwen | MUX -4.59% $1.04 |
2. Silver Wheaton | SLW -3.18% $19.19 |
3. Harmony | HMY -3.02% $1.93 |
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, 2 April 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver End Mixed on the Week
