Gold fell $31.81 to $1216.39 by midmorning in New York before it bounced back higher into the close, but it still ended with a loss of 2.23%. Silver slipped to as low as $15.225 and ended with a loss of 3.91%.
Euro gold fell to about €1092, platinum lost $35 to $955, and copper fell 5 cents to about $2.25.
Gold and silver equities fell over 6% in the first half hour of trade before they bounced back higher into midday, but they then fell back off again in late trade and ended about 7% lower on the day.
New Home Sales
Tomorrow brings Initial Jobless Claims and Durable Goods Orders.
Charts Courtesy of http://finance.yahoo.com/
Oil extended lower the after Energy Information Administration reported that crude inventories rose 9.4 million barrels, gasoline inventories fell 4.6 million barrels, and distillates rose 900,000 barrels.
Treasuries rose as the Dow, Nasdaq, and S&P fell on renewed worries about the oil market.
Among the big names making news in the market today were Starbucks, Credit Suisse, and Yum Brands.
As of close of business: 3/22/2016
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Johannesburg Securities Exchange (JSE)
New Gold Debentures
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 192.72: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,230.39: -44.41 change from yesterday’s data.
Kinross Gold’s (KGC) release of study results next week, Timmins Gold’s (TGD) Preliminary Economic Assessment, and AuRico’s (AMI.TO) updated resource and Feasibility Study update were among the big stories in the gold and silver mining industry making headlines today.
No “winners” today.
FCX -11.28% $9.75
2. New Gold
NGD -9.66% $3.46
CDE -9.48% $5.25
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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© Gold Seeker 2016