Close | Gain/Loss | |
Gold | $1681.30 | -$10.70 |
Silver | $32.52 | -$0.34 |
XAU | 177.33 | -1.40% |
HUI | 475.34 | -1.40% |
GDM | 1381.33 | -1.46% |
JSE Gold | 2460.13 | +9.98 |
USD | 79.12 | +0.24 |
Euro | 133.27 | -0.31 |
Yen | 120.30 | -0.45 |
Oil | $107.33 | +$0.30 |
10-Year | 2.187% | -0.057 |
T-Bond | 138.3125 | +0.65625 |
Dow | 13197.73 | -0.33% |
Nasdaq | 3120.35 | -0.07% |
S&P | 1412.52 | -0.28% |
The Metals:
Gold climbed $4.85 to $1696.85 by about 10AM EST before it fell back to $1681.47 in the next hour of trade and then rebounded midday, but it then fell back off again in late trade and ended with a loss of 0.64%.Silver slipped to as low as $32.447 and ended with a loss of 1.03%.
Euro gold fell to about €1262, platinum gained $6 to $1651, and copper fell slightly to about $3.88.
Gold and silver equities fell about 1.5% by late morning and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Case-Shiller 20-city Index | Jan | -3.8% | -3.8% | -4.1% |
Consumer Confidence | Mar | 70.2 | 70.1 | 71.6 |
Tomorrow at 8:30AM EST brings Durable Goods Orders for February expected at 2.8%.Excluding transportation, orders are expected at 1.0%.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil edged higher on reports of production problems in the North Sea and South Sudan.
The U.S. dollar index and treasuries rose on lackluster economic data that sent the Dow, Nasdaq, and S&P lower.
Among the big names making news in the market today were Lennar, Walgreen, and KKR.
GATA Posts:
Many GATA supporters to speak at New York Hard Assets Investment Conference
Turkey increasingly recognizes gold as money
The Statistics:
As of close of business: 3/26/2012
Gold Warehouse Stocks: | 11,408,233.470 | -199.54 |
Silver Warehouse Stocks: | 135,652,359.810 | +307,291.07 |
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 | 1288.736 | 41,434,142 | US$70,081m |
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$6,456m |
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 | 472,575 | US$770m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 39.87 | 1,281,763 | US$2,154m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 6.043 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 181.60: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,716.42: No change from yesterday’s data.
SEMAFO’s (SMF.TO) drill program, Gold Resource’s (GORO) dividend, Entree’s (EGI) updated mineral resource estimate, New Gold’s (NGD) senior notes offering, Centerra’s (CG.TO) revised production forecast, and Fortuna’s (FSM) updated mineral resource estimate were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1.Northern Dynasty | NAK +2.16% $6.16 |
2.Solitario | XPL +2.14% $1.43 |
3.Gold Reserve | GRZ +1.97% $3.10 |
LOSERS
1.Entree | EGI -6.06% $1.24 |
2.Banro | BAA -4.49% $4.68 |
3.Great Panther | GPL -4.18% $2.29 |
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.goldreview.com
©Gold Seeker 2012
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