-- Published: Friday, 18 March 2016 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1253.40 | -$3.50 | +0.26% |
Silver | $15.79 | -$0.11 | +2.13% |
XAU | 71.17 | +0.35% | +4.54% |
HUI | 181.32 | +0.37% | +4.60% |
GDM | 573.98 | +0.18% | +2.68% |
JSE Gold | 2054.83 | -143.93 | -1.14% |
USD | 95.07 | +0.30 | -1.22% |
Euro | 112.78 | -0.37 | +1.12% |
Yen | 89.65 | -0.13 | +2.03% |
Oil | $39.44 | -$0.76 | +2.44% |
10-Year | 1.871% | -0.032 | -5.36% |
Bond | 164.40625 | +0.34375 | +1.15% |
Dow | 17602.30 | +0.69% | +2.26% |
Nasdaq | 4795.64 | +0.43% | +0.99% |
S&P | 2049.56 | +0.44% | +1.35% |
The Metals:
Gold gained $8.58 to $1265.48 in Asia before it dropped down to $1248.01 in London and then bounced back higher in New York, but it still ended with a loss of 0.28%. Silver slipped to as low as $15.728 and ended with a loss of 0.69%.
Euro gold rose to about €1112, platinum lost $13 to $967, and copper fell slightly to about $2.29.
Gold and silver equities traded mostly slightly higher and ended with modest gains.
The Economy:
Report | For | Reading | Expected | Previous |
Michigan Sentiment | Mar | 90.0 | 92.2 | 91.7 |
All of this week’s other economic reports:
NAHB Housing Market Index - March | 58 v. 58 |
Next week’s economic highlights include Existing Home Sales, the FHFA Housing Price Index, New Home Sales, Initial Jobless Claims, Durable Goods Orders, and GDP.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil erased early gains and ended almost 2% lower “after Baker Hughes Inc. data showed that the number of U.S. oil rigs climbed for the first time this year.”
The U.S. dollar index rose as the euro fell “after European Central Bank Executive Board member Peter Praet said there was still scope for lower interest rates.”
Treasuries continued higher along with the Dow, Nasdaq, and S&P on dovish fed policy.
Among the big names making news in the market Friday were Staples, Office Depot, Tiffany’s, Valeant, Starwood, and PayPal.
GATA Posts:
ECB's bazooka has not run out of ammunition, chief economist says
India's gold paperizing scheme strains for its fourth tonne of metal
Financial letter writer, mining investor Ian McAvity dies
Alasdair Macleod: The European Central Bank and John Law
The Statistics:
Activity from: 3/17/2016
Gold Warehouse Stocks: | 6,856,956.319 | +62,637.53 |
Silver Warehouse Stocks: | 155,074,562.128 | +545,489.85 |
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 | 807.092 | 25,948,810 | US$32,484m |
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$5,561m |
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$6,154m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$450m |
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 11.893 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 191.52: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,135.66: No change from yesterday’s data.
The Miners:
WINNERS
1. Paramount | PZG +6.49% $1.29 |
2. Gold Resource | GORO +6.09% $2.44 |
3. First Majestic | AG +4.83% $6.73 |
LOSERS
1. Gold Fields | GFI -4.57% $3.76 |
2. Primero | PPP -4.41% $1.95 |
3. Turquoise | TRQ -3.73% $2.84 |
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, 18 March 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver End Slightly Higher on the Week
