-- Published: Wednesday, 9 March 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1251.40 | -$10.00 |
Silver | $15.27 | -$0.09 |
XAU | 66.60 | +1.11% |
HUI | 172.56 | +0.51% |
GDM | 545.21 | +0.19% |
JSE Gold | 1971.31 | -107.13 |
USD | 97.17 | -0.03 |
Euro | 110.06 | -0.06 |
Yen | 88.18 | -0.59 |
Oil | $38.29 | +$1.79 |
10-Year | 1.892% | +0.060 |
T-Bond | 164.34375 | -0.9375 |
Dow | 17000.36 | +0.21% |
Nasdaq | 4674.37 | +0.55% |
S&P | 1989.26 | +0.51% |
The Metals:
Gold fell $18.21 to $1243.19 at about 9:45AM EST before it bounced back to nearly unchanged by early afternoon in New York, but it then drifted back lower into the close and ended with a loss of 0.79%. Silver slipped to as low as $15.195 and ended with a loss of 0.59%.
Euro gold fell to about €1137, platinum lost $6 to $974, and coper climbed slightly to about $2.23.
Gold and silver equities fell nearly 4% in the first 20 minutes of trade, but they then climbed back higher for most of the rest of the day and ended with about 1% gains.
The Economy:
Report | For | Reading | Expected | Previous |
Wholesale Inventories | Jan | 0.3% | -0.2% | 0.0% |
Mortgage applications eke out gain CNBC
Tomorrow brings Initial Jobless Claims and the Treasury Budget.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil added to early gains and ended almost 5% higher after the Energy Information Administration reported that crude inventories rose 3.88 million barrels, gasoline inventories fell 4.53 million barrels, and distillates dropped 1.1 million barrels.
The U.S. dollar index erased early gains and ended slightly lower as the euro reversed higher to end near unchanged ahead of tomorrow’s ECB meeting.
Treasuries remained lower after today’s $20 billion 10-year note auction sold at a yield of 1.895% with a bid to cover of 2.49.
The Dow, Nasdaq, and S&P traded mostly higher on expectation for more stimulus from the European Central Bank tomorrow.
Among the big names making news in the market today were Chevron, Chipotle, Siemens, GM, Valeant, and Canon.
GATA Posts:
Jaco Schipper: Why the allocated status of the ECB's gold is so important
The Statistics:
As of close of business: 3/8/2016
Gold Warehouse Stocks: | 6,817,090.545 | +139.572 |
Silver Warehouse Stocks: | 153,417,077.278 | +634,625.667 |
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 | 790.739 | 25,423,034 | US$31,684m |
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$5,566m |
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$6,161m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$449m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 30.69 | 986,825 | US$1,250m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 2.378 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 191.52: +0.45 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,035.00: No change from yesterday’s data.
The Miners:
Gold Standard’s (GSV) exercised warrants, SEMAFO’s (SMF.TO) 2015 results, and Gold Resource’s (GORO) 2015 year-end proven and probable mineral reserves and 2015 results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Freeport | FCX +5.66% $9.15 |
2. Seabridge | SA +5.52% $11.66 |
3. New Gold | NGD +5.23% $3.82 |
LOSERS
1. Eldorado | EGO -2.59% $3.38 |
2. IAMGOLD | IAG -2.27% $2.15 |
3. McEwen | MUX -2.06% $1.90 |
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: Wednesday, 9 March 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Before ECB Meeting
