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Closing Report: Gold and Silver Hold Near Unchanged Before Fed Day - March 15th 2016








Chris Mullen | March 15th

 

Close

Gain/Loss

Gold

$1233.40

-$0.20

Silver

$15.28

-$0.04

XAU

66.75

+0.59%

HUI

171.73

+1.35%

GDM

541.50

+0.99%

JSE Gold

2055.98

+24.55

USD

96.63

+0.03

Euro

111.07

+0.05

Yen

88.42

+0.53

Oil

$36.34

-$0.84

10-Year

1.959%

-0.004

T-Bond

162.9375

+0.125

Dow

17251.53

+0.13%

Nasdaq

4728.66

-0.45%

S&P

2015.93

-0.18%

 
 
Metals Chart

 

The Metals:

 

Gold fell $7.76 to $1225.84 in early Asian trade before it bounced back to $1237.37 in London, but it then drifted back lower in New York and ended with a loss of 0.02%.  Silver slipped to as low as $15.192 and ended with a loss of 0.26%.

 

Euro gold fell to about €1109, platinum remained at $954, and copper held at about $2.24.

 

Gold and silver equities saw slight losses for most of the morning, but they then turned higher in early afternoon trade and ended with about 1% gains.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Retail Sales

Feb

-0.1%

-0.1%

-0.4%

Retail Sales ex-auto

Feb

-0.1%

-0.2%

-0.4%

PPI

Feb

-0.2%

-0.2%

0.1%

Core PPI

Feb

0.0%

0.1%

0.4%

Empire Manufacturing

Mar

0.6

-9.5

-16.6

NAHB Housing Market Index

Mar

58

59

58

 

Tomorrow brings CPI, Housing Starts, Building Permits, Industrial Production, Capacity Utilization, and a FOMC Rate Decision.

 

The Markets:

 

Markets Chart

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

 

Oil fell over 2% more on fading hope for a coordinated output freeze.

 

The U.S. dollar index held near unchanged along with treasuries while the Dow, Nasdaq, and S&P traded mostly lower but ended mixed as traders await tomorrow’s fed announcement.

 

Among the big names making news in the market today were Jefferies, CBS, Chipotle, and Valeant.

 

GATA Posts:

 

 

So where's all that imaginary gold coming from and why?

Damned Turks! Who the hell do they think they are -- Indians?

 

The Statistics:

As of close of business: 3/14/2016

Gold Warehouse Stocks:

6,810,458.089

-4,822.50

Silver Warehouse Stocks:

155,568,063.918

+262,504.45

 

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

790.144

25,403,927

US$31,292m

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$5,467m

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$6,043m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$442m

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 subtracted 8.623 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 191.97: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,135.66: No change from yesterday’s data.

 

The Miners:

 

Gold Standard’s (GSV) updated National Instrument (NI) 43-101-compliant resource estimate, B2Gold’s (BTG) Financing Arrangements, IMPACT Silver’s (IPT.V) 2015 results, and Fortuna’s (FSM) 2015 results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  B2Gold

BTG +8.33% $1.43

2.  Harmony

HMY +4.00% $3.64

3.  Barrick

ABX +3.80% $14.19

 

LOSERS

1.  Fortuna

FSM -7.69% $3.60

2.  Freeport

FCX -7.02% $9.27

3.  Endeavour Silver

EXK -6.59% $2.41

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

Published:March 15th, 2016
Source: Gold-Seeker.com







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