-- Published: Thursday, 10 March 2016 | Print | Disqus
Gold dropped $11.87 to $1239.53 just after 8AM EST, but it then rallied back higher for most of trade in New York and ended with a gain of 1.55%. Silver climbed to as high as $15.631 and ended with a gain of 1.90%.
Euro gold remained at about €1137, platinum gained $2 to $976, and copper fell slightly to about $2.22.
Gold and silver equities rose about 4% by early afternoon and remained near that level for the rest of the day.
Tomorrow brings Import and Export Prices.
Charts Courtesy of http://finance.yahoo.com/
Oil pared early losses but still ended over 1% lower “as doubts emerged over a potential meeting this month between crude producers regarding a freeze in output.”
The U.S. dollar index initially jumped over 1% higher after the ECB announced a larger stimulus package than most were expecting, but it then dove back lower and ended with a significant loss as the euro rose to see nearly 2% gains after Draghi “said he did not anticipate more interest rate cuts to revive a sluggish euro zone economy.”
Treasuries fell on Draghi’s effort to call a bottom for interest rates.
The Dow, Nasdaq, and S&P traded notably lower at times but ultimately ended near unchanged on uncertainty over central bank policy.
Among the big names making news in the market today were Microsoft, Apple, Valeant, BHP, and Teva.
Alasdair Macleod: Gold is the only sound money
ECB cuts rates, increases asset buys more than expected
Why poor man's gold may be about to get more investor love
Indian government calls meeting on gold monetization scheme's lack of success
New Gold hedges nearly all its remaining 2016 gold output
As of close of business: 3/9/2016
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Johannesburg Securities Exchange (JSE)
New Gold Debentures
Note: Change in Total Tonnes from yesterday’s data: SPDR added 2.081 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 191.52: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,035.00: No change from yesterday’s data.
Lake Shore’s (LSG) annual resource and reserve update, Barrick’s (ABX) accusations of negligence in Argentina, Nevsun’s (NSU) dividend, Kirkland’s (KGI.TO) 2015 results, Avino’s (ASM) public offering, and Tahoe’s (TAHO) dividend were among the big stories in the gold and silver mining industry making headlines today.
1. Endeavour Silver
EXK +18.7% $2.73
2. MAG Silver
MVG +8.01% $8.90
3. First Majestic
AG +7.89% $5.74
1. Silver Standard
SSRI -1.02% $5.80
DRD -0.51% $3.89
3. Alamos Gold
AGI -0.19% $5.17
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
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
Additional Resources for today’s Gold Seeker Report can be found:
© Gold Seeker 2016
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.
| Digg This Article
-- Published: Thursday, 10 March 2016 | E-Mail | Print | Source: GoldSeek.com