-- Published: Monday, 14 March 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1233.60 | +$16.60 |
Silver | $15.32 | +$0.14 |
XAU | 66.36 | -2.53% |
HUI | 169.44 | -3.37% |
GDM | 536.89 | -3.95% |
JSE Gold | 2031.43 | -47.06 |
USD | 96.60 | +0.36 |
Euro | 110.99 | -0.47 |
Yen | 87.87 | +0.01 |
Oil | $37.18 | -$1.32 |
10-Year | 1.963% | -0.014 |
T-Bond | 162.8125 | +0.25 |
Dow | 17229.13 | +0.09% |
Nasdaq | 4750.27 | +0.04% |
S&P | 2019.64 | -0.13% |
The Metals:
Gold gained $10.76 to $1260.96 at about 6AM EST, but it then drifted back lower for most of the rest of trade and ended near its late session low of $1229.31 with a loss of 1.33%. Silver slipped to as low as $15.283 and ended with a loss of 0.91%.
Euro gold fell to about €1111, platinum lost $6 to $954, and copper remained at about $2.24.
Gold and silver equities fell about 3% by midday and remained near that level for the rest of the day.
The Economy:
Fed to sit tight on rates at March meet, hint at hikes to come Reuters
Tomorrow brings Retail Sales, PPI, Empire Manufacturing, Business Inventories, the NAHB Housing Market Index, and Net Long-Term TIC Flows.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell over 3% “as Iran again tossed cold water on market speculation for a production cut and weak economic data from China raised worries about the outlook for energy demand.”
The U.S. dollar index rose on thoughts that the fed may forecast future interest rate hikes at the conclusion of its meeting this Wednesday.
Treasuries traded mixed as the Dow, Nasdaq, and S&P held near unchanged before this week’s busy schedule of economic data.
Among the big names making news in the market today were Allergan, Viacom, and UBS.
GATA Posts:
BlackRock was buying lots of GLD while fumbling its own gold fund
Keith Barron's real-life adventure story of gold discovery in Ecuador, Part 2
A 'radical economic theory' is gaining converts, except it's not radical at all
Central banks aim to beat bitcoin at own game with rival supercurrency
The Statistics:
As of close of business: 3/11/2016
Gold Warehouse Stocks: | 6,815,280.589 | -32.15 |
Silver Warehouse Stocks: | 155,305,559.468 | -330,337.27 |
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 | 798.767 | 25,681,155 | US$31,910m |
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$5,522m |
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$6,103m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$442m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 32.00 | 1,028,856 | US$1,282m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 191.97: +0.45 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,135.66: +59.21 change from yesterday’s data.
The Miners:
Newmont’s (NEM) tender offer, Pretivm’s (PVG) exercise of participation rights, and Paramount’s (PZG) acquisition of Calico (CKB.V) were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Freeport | FCX +4.40% $9.97 |
2. Harmony | HMY +3.24% $3.50 |
3. Turquoise | TRQ +1.45% $2.79 |
LOSERS
1. Seabridge | SA -10.46% $10.53 |
2. Richmont | RIC -9.16% $4.86 |
3. Gold Fields | GFI -6.37% $3.82 |
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: Monday, 14 March 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall About 1% by the Close
