Close | Gain/Loss | On Week | |
Gold | $1668.20 | +$8.10 | +0.33% |
Silver | $32.31 | +$0.06 | +0.56% |
XAU | 175.46 | +0.94% | -0.93% |
HUI | 472.90 | +1.09% | -0.11% |
GDM | 1371.90 | +1.03% | -0.40% |
JSE Gold | 2398.02 | +4.11 | -2.70% |
USD | 78.95 | -0.18 | -0.48% |
Euro | 133.44 | +0.43 | +0.57% |
Yen | 120.78 | -0.54 | -0.44% |
Oil | $103.02 | +$0.24 | -3.60% |
10-Year | 2.216% | +0.057 | -0.94% |
Bond | 137.78125 | -1.09375 | -0.07% |
Dow | 13212.04 | +0.50% | +1.00% |
Nasdaq | 3091.57 | -0.12% | +0.77% |
S&P | 1408.47 | +0.37% | +0.81% |
The Metals:
Gold gained $9.60 to $1669.70 at about 8AM EST before it fell back to roughly unchanged by midmorning in New York, but it then climbed to a new session high of $1670.44 in afternoon trade and ended with a gain of 0.49%.Silver rose to as high as $32.63 before it fell back off a bit midday, but it still ended with a gain of 0.19%.
Euro gold rose to about €1251, platinum gained $10.45 to $1633.75, and copper rose a couple of cents to about $3.83.
Gold and silver equities waffled near unchanged for most of the morning, but they then climbed higher in afternoon trade and ended with about 1% gains.
Report | For | Reading | Expected | Previous |
Personal Income | Feb | 0.2% | 0.3% | 0.2% |
Personal Spending | Feb | 0.8% | 0.6% | 0.4% |
PCE Prices - Core | Feb | 0.1% | 0.1% | 0.2% |
Chicago PMI | Mar | 62.2 | 63.0 | 64.0 |
Michigan Sentiment | Mar | 76.2 | 74.3 | 74.3 |
All of this week’s other economic reports:
GDP - Q4 |
GDP Deflator - Q4 |
Initial Claims - 3/24 |
Durable Orders - February |
Durable Orders -ex Trans. - February |
Consumer Confidence - March |
Case-Shiller 20-city Index - January |
Pending Home Sales - February |
Next week’s economic highlights include Construction Spending and the ISM Index on Monday, Factory Orders and FOMC Minutes on Tuesday, ADP Employment and ISM Services on Wednesday, Initial Jobless Claims on Thursday, and Nonfarm Payrolls, the Unemployment Rate, Hourly Earnings, the Average Workweek, and Consumer Credit on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose and the U.S. dollar index fell as the euro climbed higher after Spanish officials said the government will cut 27 billion euros from its budget this year.
Treasuries fell as the Dow, Nasdaq, and S&P rose on decent economic data and relief over Europe.
Among the big names making news in the market Friday were Apple, JetBlue, AIG, Oaktree, and RIM.
GATA Posts:
International Business Times notes GATA and gold price manipulation
Norway's sovereign wealth fund to reduce European exposure
Bank of Korea cuts dollar reserves by 3%
Canada will scrap the penny this year; nickel next?
The Statistics:
Activity from: 3/29/2012
Gold Warehouse Stocks: | 11,350,479.410 | -57,197.05 |
Silver Warehouse Stocks: | 137,072,881.080 | -37,686.44 |
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$68,743m |
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$6,369m |
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 | 472,559 | US$762m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 39.87 | 1,281,721 | US$2,124m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 181.17: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,746.63: +30.21 change from yesterday’s data.
Randgold’s (GOLD) reserves, Lake Shore’s (LSG) updated resource estimate, Great Basin’s (GBG) closed offering, Timberline’s (TLR) permit application, Vista Gold’s (VGZ) update on the status of its anticipated definitive feasibility study, Gold Fields’ (GFI) annual report, Pan American’s (PAAS) acquisition of Minefinders, and Excellon’s (EXN.TO) year end results were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1.Exeter | XRA +9.16% $2.74 |
2.Gold Reserve | GRZ +6.42% $3.98 |
3.Fortuna | FSM +5.61% $4.52 |
LOSERS
1.Lake Shore | LSG -6.31% $1.04 |
2.Timmins | TGD -5.08% $2.24 |
3.Great Panther | GPL -0.88% $2.25 |
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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