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Closing Report - March 21st 2016: Gold And Silver End Mixed








Chris Mullen | March 21st

 

Close

Gain/Loss

Gold

$1244.10

-$9.30

Silver

$15.82

+$0.03

XAU

71.43

+0.37%

HUI

180.22

-0.61%

GDM

569.52

-0.83%

JSE Gold

2054.83

-143.93

USD

95.36

+0.29

Euro

112.43

-0.28

Yen

89.36

-0.28

Oil

$39.91

+$0.47

10-Year

1.923%

+0.052

T-Bond

163.53125

-1.03125

Dow

17623.87

+0.12%

Nasdaq

4808.87

+0.28%

S&P

2051.60

+0.10%

 
 
Precious Metals Charts

 

The Metals:

 

Gold dropped $12.64 to $1240.76 in Asia before it bounced back higher in London, but it then drifted back lower in New York and ended with a loss of 0.74%.  Silver slipped to as low as $15.703 before it popped back to $15.895 and then chopped back lower, but it still ended with a gain of 0.19%.

 

Euro gold fell to about €1106, platinum gained $12 to $979, and copper climbed slightly to about $2.30.

 

Gold and silver equities waffled near unchanged and ended mixed.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Existing Home Sales

Feb

5.08M

5.37M

5.47M

 

Two Fed Officials Point to Possibility of April Rate Hike  Bloomberg

 

Tomorrow brings the FHFA Housing Price Index.

 

The Markets:

 

Markets Charts

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

 

Oil rose about 1% on news of falling stockpiles in Cushing, Oklahoma.

 

The U.S. dollar index saw modest gains as the pound dropped on renewed talk about a possible “Brexit.”

 

Treasuries fell on rising inflation expectations and hawkish fed talk.

 

The Dow, Nasdaq, and S&P ended slightly higher in mixed trade.

 

Among the big names making news in the market today were Marriott, Valeant, and Apple.

 

GATA Posts:

 

GATA

 

Disclosures of gold market manipulation are coming soon, Rob Kirby tells USAWatchdog

Wall Street's pile of unwanted Treasuries exposes market cracks

Koos Jansen: Shanghai gold trading volume up 84% in a year

Zero Hedge: Strange pattern develops in dollar trading

Central banks are already doing the unthinkable -- you just don't know it

 

The Statistics:

As of close of business: 3/18/2016

Gold Warehouse Stocks:

6,830,303.969

-26,652.35

Silver Warehouse Stocks:

155,373,844.068

+299,281.94

 

Global Gold ETF Holdings

[WGC Sponsored ETF’s]

 Exchange Traded Gold

 

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

818.985

26,331,177

US$32,772m

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$5,526m

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$6,114m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$446m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

32.00

1,028,856

US$1,282m

 Note: Change in Total Tonnes from yesterday’s data: SPDR added 11.893 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 192.72: +1.20 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,218.55: +82.89 change from yesterday’s data.

 

The Miners:

 

Kinross Gold’s (KGC) SMA notification, Gold Resource’s (GORO) Board appointment, Barrick’s (ABX) tender offer, and Mines Management’s (MGN) financial advisor were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Alexco

AXU +16.28% $1.00

2.  Richmont

RIC +5.10% $5.15

3.  Pretivm

PVG +3.40% $5.48

 

LOSERS

1.  Nevsun

NSU -2.03% $3.37

2.  Avino

ASM -1.87% $1.05

3.  Turquoise

TRQ -1.76% $2.79

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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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2016

Published:March 21st, 2016
Source: Gold-Seeker.com







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