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Closing Report - March 22nd 2016: Gold And Silver Gain With Bonds And Dollar








Chris Mullen | March 22nd

 

Close

Gain/Loss

Gold

$1248.20

+$4.10

Silver

$15.87

+$0.05

XAU

71.31

-0.17%

HUI

181.40

+0.22%

GDM

571.56

+0.09%

JSE Gold

2092.44

+37.61

USD

95.62

+0.26

Euro

112.23

-0.17

Yen

89.06

-0.26

Oil

$41.45

-$0.07

10-Year

1.935%

+0.012

T-Bond

161.75

+0.03125

Dow

17582.57

-0.23%

Nasdaq

4821.65

+0.27%

S&P

2049.80

-0.08%

 
 
Precious Metals Charts Intraday

 

The Metals:

 

Gold jumped $15.39 to $1259.49 by about 4AM EST before it chopped back lower in London and New York, but it still ended with a gain of 0.33%.  Silver rose to as high as $15.996 and ended with a gain of 0.32%.

 

Euro gold rose to about €1113, platinum gained $11 to $990, and copper remained at about $2.30.

 

Gold and silver equities saw about 2% gains at the open before they fell to see slight losses by early afternoon, but they then edged back higher into the close and ended near unchanged on the day.

 

The Economy:

 

Report

For

Reading

Expected

Previous

FHFA Housing Price Index

Jan

0.5%

-

0.5%

 

Tomorrow brings New Home Sales for February expected at 511,000.

 

The Markets:

 

Markets Charts Intraday

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

 

Oil edged lower as the U.S. dollar index rose on safe haven buying after news of attacks in Brussels.

 

Treasuries ended with slight gains after the Dow, Nasdaq, and S&P recovered from early losses and ended mixed as weakness in transportation was offset by strength in healthcare and technology companies.

 

Among the big names making news in the market today were Credit Suisse, Apple, and Tyson Foods.

 

GATA Posts:

 

GATA

 

Koos Jansen: Venezuela sent another 11 tonnes of gold to Switzerland in February

TF Metals Report: Bullion bank desperation and motive

 

The Statistics:

As of close of business: 3/21/2016

Gold Warehouse Stocks:

6,830,730.336

+426.367

Silver Warehouse Stocks:

155,408,050.148

+34,206.08

 

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

821.661

26,417,207

US$33,080m

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$5,537m

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$6,136m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$447m

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 2.676 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 192.72: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,274.80: +56.25 change from yesterday’s data.

 

The Miners:

 

Eldorado Gold’s (EGO) permit and Entree Gold’s (EGI) CEO appointment were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Paramount

PZG +12.26% $1.45

2.  Alexco

AXU +9.00% $1.09

3.  Buenaventura

BVN +6.15% $6.39

 

LOSERS

1.  Silver Standard

SSRI -3.10% $5.63

2.  Pan American

PAAS-2.07%$10.86

3.  Avino

ASM -1.90% $1.03

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 22nd, 2016
Source: Gold-Seeker.com







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