-- Published: Wednesday, 16 March 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1261.10 | +$27.70 |
Silver | $15.62 | +$0.34 |
XAU | 71.38 | +6.94% |
HUI | 183.13 | +6.64% |
GDM | 573.79 | +5.94% |
JSE Gold | 2094.92 | +38.94 |
USD | 95.65 | -0.98 |
Euro | 112.26 | +1.18 |
Yen | 88.90 | +0.53 |
Oil | $38.46 | +$2.12 |
10-Year | 1.938% | -0.021 |
T-Bond | 162.84375 | -0.1875 |
Dow | 17325.76 | +0.43% |
Nasdaq | 4763.97 | +0.75% |
S&P | 2027.22 | +0.56% |
The Metals:
Gold edged up to $1235.09 in Asia before it dropped back to $1227.01 in early New York trade, but it then shot higher after today’s fed announcement and ended near its late session high of $1262.87 with a gain of 2.25%. Silver jumped to as high as $15.639 and ended with a gain of 2.23%.
Euro gold rose to about €1123, platinum gained $20 to $974, and copper climbed a couple of cents to about $2.26.
Gold and silver equities saw slight losses for most of the morning, but they then climbed steadily higher in the last two hours of trade and ended with about 6% gains.
The Economy:
Report | For | Reading | Expected | Previous |
Housing Starts | Feb | 1178K | 1137K | 1120K |
Building Permits | Feb | 1167K | 1204K | 1204K |
CPI | Feb | -0.2% | -0.2% | 0.0% |
Core CPI | Feb | 0.3% | 0.1% | 0.3% |
Industrial Production | Feb | -0.5% | -0.3% | 0.8% |
Capacity Utilization | Feb | 76.7% | 76.9% | 77.1% |
Fed holds rates steady as U.S. economy grows despite global risks Reuters
Fed Scales Back Rate-Rise Forecasts as Global Outlook Weakens Bloomberg
Tomorrow brings Initial Jobless Claims, the Philadelphia Fed, the Current Account Balance, and Leading Economic Indicators.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose almost 6% as the U.S. dollar index dove lower after the fed cut its forecast for interest rate hikes in 2016 to two from four.
Treasuries traded mixed while the Dow, Nasdaq, and S&P turned decently higher after the fed’s announcement.
Among the big names making news in the market today were Valeant and Apple.
GATA Posts:
Imagine how much they'd save if they NEVER went back to work
Ronan Manly's encyclopedia of the world's gold markets
Munich Re stashes gold and cash to counter negative rates
Closer look at London Metal Exchange aluminum prices reveals anomalies
U.S. inflation rears its ugly head as global cycle nears danger zone
The Statistics:
As of close of business: 3/15/2016
Gold Warehouse Stocks: | 6,794,318.789 | -16,139.30 |
Silver Warehouse Stocks: | 155,451,334.528 | -116,729.39 |
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 | 792.226 | 25,470,844 | US$31,285m |
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$5,458m |
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$6,033m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$453m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 32.00 | 1,028,856 | US$1,282m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 2.082 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: 10,135.66: No change from yesterday’s data.
The Miners:
International Tower Hill’s (THM) 2015 results, Kinross Gold’s (KGC) bought deal public offering, Claude’s (CGR) drill results, and Primero’s (PPP) 2015 year-end Mineral Reserves and Mineral Resources were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Primero | PPP +12.5% $2.07 |
2. B2Gold | BTG +11.89% $1.60 |
3. Buenaventura | BVN +11.07% $5.72 |
No “losers” today.
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, 16 March 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Over 2%
