Close | Gain/Loss | On Week | |
Gold | $1660.10 | +$2.10 | -3.02% |
Silver | $32.51 | +$0.05 | -4.86% |
XAU | 177.33 | -0.20% | -5.09% |
HUI | 476.52 | -0.52% | -6.55% |
GDM | 1382.28 | -0.46% | -6.33% |
JSE Gold | 2457.30 | -18.84 | -3.33% |
USD | 79.80 | -0.40 | -0.24% |
Euro | 131.67 | +0.87 | +0.40% |
Yen | 119.97 | +0.17 | -1.14% |
Oil | $107.06 | +$1.95 | -0.32% |
10-Year | 2.298% | +0.017 | +12.76% |
Bond | 137.875 | -0.09375 | -2.73% |
Dow | 13232.62 | -0.15% | +2.40% |
Nasdaq | 3055.26 | -0.04% | +2.24% |
S&P | 1404.17 | +0.11% | +2.43% |
The Metals:
Gold climbed up to $1664.27 in Asia before it fell back to $1639.54 by a little after 8AM EST, but it then rallied back higher in New York and ended with a gain of 0.13%.Silver slipped to as low as $32.12 before it also rallied back higher in New York and ended with a gain of 0.15%.
Euro gold fell to about €1260, platinum lost $9 to $1668.00, and copper fell a couple of cents to about $3.87.
Gold and silver equities waffled near unchanged and ended with slight losses.
Report | For | Reading | Expected | Previous |
CPI | Feb | 0.4% | 0.4% | 0.2% |
Core CPI | Feb | 0.1% | 0.2% | 0.2% |
Industrial Production | Feb | 0.0% | 0.5% | 0.4% |
Capacity Utilization | Feb | 78.7% | 78.8% | 78.8% |
Michigan Sentiment | Mar | 74.3 | 75.8 | 75.3 |
All of this week’s other economic reports:
Philadelphia Fed - March |
Net Long-Term TIC Flows - January |
PPI - February |
Core PPI - February |
Initial Claims - 3/10 |
Empire Manufacturing- March |
Export Prices - February |
Export Prices ex-ag. - February |
Import Prices - February |
Import Prices ex-oil - February |
Current Account Balance - Q4 |
FOMC Rate Decision - 3/15 |
Business Inventories - February |
Retail Sales - February |
Retail Sales ex-auto - February |
Treasury Budget - February |
Next week’s economic highlights include the NAHB Housing Market Index on Monday, Housing Starts and Building Permits on Tuesday, Existing Home Sales on Wednesday, Initial Jobless Claims, Leading Economic Indicators, and the FHFA Housing Price Index on Thursday, and New Home Sales on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose on worries about Iran while the U.S. dollar index fell on poor economic data.
Treasuries continued this week’s substantial move lower on inflation worries.
The Dow, Nasdaq, and S&P waffled near unchanged and ended near mixed.
Among the big names making news in the market Friday were Goldman Sachs, Sprint, and Apple.
GATA Posts:
Hinde Capital's Ben Davies on financial and political repression
Indian government again raises tax on gold imports to swat people into line
CFTC notices market rigging by high-frequency trading but action doubtful
Embargo of Iran could restore gold standard in southwest Asia
Departing banker's criticism sends Goldman shares down $2 billion
The Statistics:
Activity from: 3/15/2012
Gold Warehouse Stocks: | 11,410,822 | +9,704 |
Silver Warehouse Stocks: | 132,230,863 | +17,211 |
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 | 1293.268 | 41,579,863 | US$68,922m |
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$6,337m |
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 | 472,633 | US$756m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 39.75 | 1,278,062 | US$2,160m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 182.36: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,752.67: No change from yesterday’s data.
Extorre’s closed financing and Bear Creek’s (BCM.V) new CFO were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1.Avino | ASM+10.14% $2.28 |
2.Claude | CGR +7.48% $1.15 |
3.Solitario | XPL +7.41% $1.45 |
LOSERS
1.Timmins | TGD-10.12% $2.31 |
2.Exeter | XRA -4.24% $2.71 |
3.Extorre | XG -3.64% $6.62 |
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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