-- Published: Thursday, 24 March 2016 | Print | Disqus
Please Note: US markets are closed tomorrow in observance of Good Friday.
| Close | Gain/Loss | On Week |
Gold | $1217.20 | -$3.20 | -2.89% |
Silver | $15.17 | -$0.08 | -3.93% |
XAU | 67.48 | +2.09% | -5.18% |
HUI | 171.40 | +2.00% | -5.47% |
GDM | 540.46 | +1.47% | -5.84% |
JSE Gold | 2016.08 | +17.74 | -1.89% |
USD | 96.13 | +0.05 | +1.11% |
Euro | 111.80 | +0.01 | -0.87% |
Yen | 88.64 | -0.30 | -1.13% |
Oil | $39.46 | -$0.33 | +0.05% |
10-Year | 1.900% | +0.025 | +1.55% |
Bond | 162.84375 | -0.65625 | -0.95% |
Dow | 17515.73 | +0.08% | -0.49% |
Nasdaq | 4773.50 | +0.10% | -0.46% |
S&P | 2035.94 | -0.04% | -0.66% |
The Metals:
Gold fell $7.60 to $1212.80 in Asia before it bounced back to $1223.73 at about 8:45AM EST and then chopped back lower at times, but it ended with a loss of just 0.26%. Silver slipped down to $15.146 before it also rebounded, but it still ended with a loss of 0.52%.
Euro gold fell to about €1089, platinum lost $6 to $949, and copper fell slightly to about $2.24.
Gold and silver equities rose about 2% by midday and remained near that level into the close.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 3/19 | 265K | 268K | 259K |
Durable Goods | Feb | -2.8% | -2.9% | 4.2% |
Durable Goods -ex trans. | Feb | -1.0% | -0.2% | 1.2% |
Tomorrow brings GDP for the fourth quarter.
All of this week’s other economic reports:
Next week’s economic highlights include Personal Income and Spending, PCE Prices, and Pending Home Sales on Monday, the Case-Shiller 20-city Index and Consumer Confidence on Tuesday, ADP Employment on Wednesday, Initial Jobless Claims and Chicago PMI on Thursday, and March’s jobs data, Construction Spending, the ISM Index, Michigan Sentiment, and Construction Spending on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil remained weak on yesterday’s large jump in crude inventories.
The U.S. dollar index held onto this week’s gains and treasuries fell on the view that the fed may raise interest rates at their meeting next month.
The Dow, Nasdaq, and S&P traded mostly lower but ended near unchanged in relatively quiet trade ahead of the three-day weekend.
Among the big names making news in the market Friday were VW, Apple, and Yahoo.
The Statistics:
Activity from: 3/23/2016
Gold Warehouse Stocks: | 6,821,280.859 | -9,449.477 |
Silver Warehouse Stocks: | 155,842,443.338 | -60,555.66 |
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 | 821.661 | 26,417,207 | US$32,247m |
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$5,423m |
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$5,989m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$438m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 32.71 | 1,051,626 | US$1,280m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 193.02: +0.30 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,230.39: No change from yesterday’s data.
The Miners:
Alamos Gold’s (AGI) mineral reserves and 2015 results, Fortuna’s (FSM) mineral reserves, and Excellon’s (EXN.TO) 2015 results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. First Majestic | AG +4.56% $6.65 |
2. Pan American | PAAS +4.41% $10.65 |
3. Seabridge | SA +4.00% $10.65 |
LOSERS
1. DRDGOLD | DRD -4.31% $3.77 |
2. Alexco | AXU -2.88% $1.01 |
3. Eldorado | EGO -2.87% $3.05 |
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: Thursday, 24 March 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Almost 3% and 4% on the Week
