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Gold Seeker Closing Report: Gold and Silver End Slightly Higher
By: Chris Mullen, Gold-Seeker.com

 -- Published: Monday, 28 March 2016 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1220.00

+$2.80

Silver

$15.19

+$0.02

XAU

67.21

-0.40%

HUI

170.90

-0.29%

GDM

539.36

-0.17%

JSE Gold

2016.08

+17.74

USD

95.96

-0.17

Euro

111.99

+0.24

Yen

88.17

-0.44

Oil

$39.39

-$0.07

10-Year

1.870%

-0.030

T-Bond

163.3125

+0.28125

Dow

17535.39

+0.11%

Nasdaq

4766.09

-0.16%

S&P

2037.05

+0.05%

 
 
http://goldseek.com/news/GoldSeeker/2016/3-28gsr/1.jpg

 

The Metals:

 

Gold gained $5.63 to $1222.83 by a little before 10AM EST before it chopped back lower in the next few hours of trade, but it still ended with a gain of 0.23%.  Silver rose to as high as $15.348 and ended with a gain of 0.13%.

 

Euro gold remained at about €1089, platinum lost $6 to $943, and copper climbed a penny to about $2.25.

 

Gold and silver equities traded mostly slightly lower and ended with modest losses.

 

The Economy:

 

Report

For

Reading

Expected

Previous

PCE Prices

Feb

0.1%

0.2%

0.3%

Personal Income

Feb

0.2%

0.1%

0.5%

Personal Spending

Feb

0.1%

0.1%

0.1%

Pending Home Sales

Feb

3.5%

1.1%

-3.0%

 

Tomorrow brings the Case-Shiller 20-city Index and Consumer Confidence.

 

The Markets:

 

http://goldseek.com/news/GoldSeeker/2016/3-28gsr/1.png

Charts Courtesy of http://finance.yahoo.com/

 

Oil ended marginally lower in quiet holiday thinned trade.

 

The U.S. dollar index fell and treasuries rose on tame inflation data that pushed back expectations for rising interest rates.

 

The Dow, Nasdaq, and S&P waffled near unchanged and ended mixed.

 

Among the big names making news in the market today were Starwood, Dell, and Avon.

 

GATA Posts:

 

 

Chinese investors see golden opportunity

The Economist acknowledges 'financial repression' -- at a safe distance from London

Valentin Schmid reviews Jim Rickards' 'The New Case for Gold'

 

The Statistics:

As of close of business: 3/24/2016

Gold Warehouse Stocks:

6,825,855.787

+4,574.928

Silver Warehouse Stocks:

155,624,263.858

-218,179.48

 

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

823.742

26,484,117

US$32,327m

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: Change in Total Tonnes from yesterday’s data: SPDR added 2.081 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 193.02: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,230.39: No change from yesterday’s data.

 

The Miners:

 

AuRico’s (AMI.TO) management update, Banro’s (BAA) 2015 results, and Richmont’s (RIC) filed technical reports were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Paramount

PZG +3.68% $1.41

2.  Coeur

CDE +3.03% $5.44

3.  B2Gold

BTG +1.26% $1.61

 

LOSERS

1.  Primero

PPP -3.43% $1.69

2.  Buenaventura

BVN -3.40% $6.25

3.  Seabridge

SA -3.10% $10.32

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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© Gold Seeker 2016

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 -- Published: Monday, 28 March 2016 | E-Mail  | Print  | Source: GoldSeek.com

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