-- Published: Friday, 4 March 2016 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1260.80 | -$1.40 | +2.98% |
Silver | $15.49 | +$0.27 | +5.23% |
XAU | 66.75 | -0.19% | +7.85% |
HUI | 171.96 | -0.80% | +6.45% |
GDM | 550.21 | -0.14% | +5.02% |
JSE Gold | 2169.04 | +130.93 | +5.24% |
USD | 97.27 | -0.28 | -0.84% |
Euro | 110.07 | +0.51 | +0.65% |
Yen | 87.78 | -0.18 | +0.03% |
Oil | $35.92 | +$1.35 | +9.58% |
10-Year | 1.883% | +0.053 | +6.87% |
Bond | 163.71875 | -1.09375 | -1.21% |
Dow | 17006.77 | +0.37% | +2.20% |
Nasdaq | 4717.02 | +0.20% | +2.76% |
S&P | 1999.99 | +0.33% | +2.67% |
The Metals:
Gold fell $8.51 to $1253.69 just after the release of this morning’s jobs data before it rallied to see a gain of $17.58 at $1279.78 in the next 90 minutes of trade, but it then drifted back lower into the close and ended with a loss of 0.11%. Silver rose to as high as $15.786 before it also fell back off, but it still ended with a gain of 1.77%.
Euro gold fell to about 1146, platinum gained $31 to $977, and copper climbed 5 cents to about $2.27.
Gold and silver equities saw about 4% gains for most of the morning, but they then fell back off in afternoon trade and ended with modest losses on the day.
The Economy:
Report | For | Reading | Expected | Previous |
Nonfarm Payrolls | Feb | 242K | 190K | 172K |
Unemployment Rate | Feb | 4.9% | 4.9% | 4.9% |
Hourly Earnings | Feb | -0.1% | 0.2% | 0.5% |
Average Workweek | Feb | 34.4 | 34.6 | 34.6 |
Trade Balance | Jan | -$45.7B | -$44.0B | -$44.7B |
The BLS net birth/death adjustment added 129,000 payrolls to February’s data. Private Payrolls rose 230,000.
All of this week’s other economic reports:
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose nearly 4% on further signs of falling US production after Baker Hughes reported that the number of active rigs drilling for crude in the U.S. fell by 8 to 392.
The U.S. dollar index dropped after today’s reported drop in hourly earnings indicated that the fed may not be in a rush to hike interest rates again.
Treasuries fell as the Dow, Nasdaq, and S&P traded mostly higher on the larger than expected rise in the headline jobs number.
Among the big names making news in the market Friday were Apple, HSBC, and Vale.
GATA Posts:
Gold demand trips up BlackRock as ETF suspends share creation
BlackRock stops issuing shares in gold ETF as demand explodes
Alasdair Macleod: Brexit and a Hanseatic League
The Statistics:
Activity from: 3/3/2016
Gold Warehouse Stocks: | 6,816,892.643 | +28,101.20 |
Silver Warehouse Stocks: | 150,438,107.363 | -1,747,335.961 |
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 | 793.332 | 25,506,414 | US$32,574m |
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$5,629m |
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$6,238m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$452m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 29.15 | 937,191 | US$1,170m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 4.758 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 190.77: +0.63 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,946.17: +168.78 change from yesterday’s data.
The Miners:
AuRico’s (AMI.TO) Environmental Assessment Application, Kinross Gold’s (KGC) completed financing, Endeavour Mining’s (EDV.TO) arrangement agreement with True Gold Mining Inc. (TGM.V), Pan American’s (PAAS) early warning report, MAG Silver’s (MVG) over-allotment option, and Endeavour Silver’s (EXK) 2015 results were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Endeavour Silver | EXK +11.7% $2.10 |
2. B2Gold | BTG +7.69% $1.26 |
3. Fortuna | FSM +7.48% $3.88 |
LOSERS
1. Gold Standard | GSV -9.81% $1.01 |
2. IAMGOLD | IAG -6.61% $2.40 |
3. Harmony | HMY -6.25% $3.15 |
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, 4 March 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Gain About 3% and 5% on the Week
