Close | Gain/Loss | |
Gold | $1660.10 | -$3.00 |
Silver | $32.25 | +$0.19 |
XAU | 173.83 | +0.21% |
HUI | 467.77 | +0.23% |
GDM | 1357.89 | +0.29% |
JSE Gold | 2393.91 | -17.21 |
USD | 79.13 | -0.02 |
Euro | 132.96 | -0.19 |
Yen | 121.31 | +0.63 |
Oil | $102.78 | -$2.63 |
10-Year | 2.159% | -0.037 |
T-Bond | 138.875 | +0.5625 |
Dow | 13145.82 | +0.15% |
Nasdaq | 3095.36 | -0.31% |
S&P | 1403.28 | -0.16% |
The Metals:
Gold saw a slight gain at $1663.86 in Asia before it fell back to as low as $1645.30 in late morning New York trade, but it then rallied back higher in afternoon trade and ended with a loss of just 0.18%.Silver slipped to as low as $31.634 before it also rallied back higher in afternoon trade and ended with a gain of 0.59%.
Euro gold rose to about €1249, platinum lost $10.70 to $1623.30, and copper gained 2 cents to about $3.81.
Gold and silver equities fell almost 2% by midday, but they then rallied back higher in afternoon trade and ended with modest gains.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 3/24 | 359K | 350K | 364K |
GDP | Q4 | 3.0% | 3.0% | 3.0% |
GDP Deflator | Q4 | 0.9% | 0.9% | 0.9% |
30-year fixed-rate mortgage back under 4% MarketWatch
Tomorrow brings Personal Income and Spending, Core PCE Prices, Chicago PMI, and Michigan Sentiment.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell and treasuries rose on disappointing jobs data that sent the Dow, Nasdaq, and S&P lower for most of trade, but a late session rally left the major indices near unchanged by the close.
The U.S. dollar index traded mixed as the euro fell on worries about Spain’s budget and the yen rose on demand linked to the end of Japan's financial year.
Among the big names making news in the market today were EBay, Apple, Nest Buy, and JetBlue.
GATA Posts:
Paul Mylchreest: Gold price suppression caught red-handed
Restore national sovereignty: Repatriate all gold reserves
Eric Sprott and David Baker: Who would dump all that metal so fast?
Chris Martenson: Gold is manipulated (but that's OK)
The Statistics:
As of close of business: 3/28/2012
Gold Warehouse Stocks: | 11,407,676.460 | -1,095.91 |
Silver Warehouse Stocks: | 137,110,567.520 | +592,543.97 |
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) | SPDR® Gold Shares | 1286.621 | 41,366,147 | US$68,537m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 119.15 | 3,830,754 | US$6,312m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 126.23 | 4,058,350 | US$6,985m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 472,564 | US$757m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 39.87 | 1,281,735 | US$2,148m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 181.17: -0.43 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,716.42: No change from yesterday’s data.
Rubicon’s (RBY) drilling update, NovaGold’s (NG) approval of the spin-out of NovaCopper Inc., Comstock’s (LODE) year end results and business update, Timmins Gold’s (TGD) year end results, Brigus Gold’s (BRD) year end results, and U.S. Silver’s (USA.TO) increase in Proven and Probable Reserves were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1.Loncor | LON +5.96% $1.42 |
2.Gold Reserve | GRZ +5.35% $3.74 |
3.DRDGOLD | DRD +3.99% $7.29 |
LOSERS
1.Lake Shore | LSG -6.72% $1.11 |
2.Entree | EGI -5.30% $1.25 |
3.Richmont | RIC -4.12% $7.68 |
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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- http://www.silverseek.com
- http://www.goldreview.com
©Gold Seeker 2012
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