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Closing Report: Gold and Silver Gain Before Jobs Day - March 31st 2016








Chris Mullen | March 31st

 

Close

Gain/Loss

Gold

$1231.20

+$5.60

Silver

$15.42

+$0.21

XAU

69.50

-1.17%

HUI

178.24

-1.01%

GDM

556.13

-1.20%

JSE Gold

2030.43

-41.73

USD

94.60

-0.23

Euro

113.82

+0.46

Yen

88.86

-0.09

Oil

$34.34

+$0.02

10-Year

1.786%

-0.044

T-Bond

164.50

+1.03125

Dow

17685.09

-0.18%

Nasdaq

4869.84

+0.01%

S&P

2059.74

-0.20%

 
 
Precious Metals Charts Intraday

 

The Metals:

 

Gold gained $14.60 to $1240.20 at about 9AM EST before it chopped back lower into the close, but it still ended with a gain of 0.46%.  Silver rose to as high as $15.521 and ended with a gain of 1.38%.

 

Gold scores biggest quarterly gain in nearly 30 years MarketWatch

Even Bulls Get Stampeded by Gold's Best Quarter in Three Decades  Bloomberg

 

Euro gold rose to about €1082, platinum gained $9.50 to $970.50, and copper fell slightly to about $2.19.

 

Gold and silver equities traded mostly slightly lower and ended with about 1% losses.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Initial Claims

3/26

276K

265K

265K

Chicago PMI

Mar

53.6

49.9

47.6

 

Tomorrow brings March’s jobs data, Construction Spending, the ISM Index, Michigan Sentiment, and Construction Spending.

 

The Markets:

 

Precious Metals Charts Intraday

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

 

Oil ended slightly higher as the U.S. dollar index fell again and treasuries rose ahead of tomorrow’s jobs report.

 

The Dow, Nasdaq, and S&P saw slight gains for most of the morning, but they then drifted back lower in afternoon trade and ended mixed on interest rate uncertainty.

 

Among the big names making news in the market today were Tesla, Microsoft, GE Capital, and Valeant.

 

GATA Posts:

 

 

China's forex regulator buys $4.2 billion in stocks via new platform

 

The Statistics:

As of close of business: 3/30/2016

Gold Warehouse Stocks:

6,851,169.567

+1,699.93

Silver Warehouse Stocks:

154,998,963.668

-593,194.72

 

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) AND Mexico Stock Exchange (BMV)

SPDR® Gold Shares

819.282

26,340,747

US$32,572m

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$5,484m

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$6,067m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$442m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

32.71

1,051,615

US$1,284m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.189 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 185.88: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,276.27: No change from yesterday’s data.

 

The Miners:

 

Gold Fields’ (GFI) 2015 annual report, Randgold’s (GOLD) 2015 annual report, Sandstorm’s (SAND) first quarter sales, Lake Shore’s (LSG) business combination with Tahoe Resources (TAHO), Silver Wheaton’s (SLW) increased public offering, First Majestic’s (AG) 2015 Mineral Reserve and Resource estimates, and Excellon’s (EXN.TO) investment by Eric Sprott were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Avino

ASM +3.87% $1.02

2.  Paramount

PZG +1.41% $1.44

3.  Alamos

AGI +1.15% $5.29

 

LOSERS

1.  Silver Wheaton

SLW-6.01% $16.58

2.  Harmony

HMY -4.71% $3.64

3.  First Majestic

AG -4.00% $6.48

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 31st, 2016
Source: Gold-Seeker.com







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