Gold Seeker Closing Report: Gold and Silver Chop Near Unchanged
| Close | Gain/Loss |
Gold | $1322.10 | -$3.10 |
Silver | $16.48 | UNCH |
XAU | 78.97 | +0.23% |
HUI | 173.54 | +0.07% |
GDM | 605.40 | -0.08% |
JSE Gold | 1120.34 | -17.90 |
USD | 90.13 | +0.55 |
Euro | 123.15 | -0.98 |
Yen | 94.15 | -0.20 |
Oil | $60.12 | -$1.05 |
10-Year | 2.860% | -0.022 |
T-Bond | 144.6875 | +0.5625 |
Dow | 24895.21 | +0.38% |
Nasdaq | 7427.95 | +0.42% |
S&P | 2738.97 | +0.45% |
The Metals:
Gold fell $6.10 to $1319.10 in late morning New York trade before it bounced back higher into the close, but it still ended with a loss of 0.23%. Silver traded between $16.564 and $16.426 and ended unchanged on the day.
Euro gold rose to about EUR1074, platinum remained at $950, and copper dropped 6 cents to about $3.07.
Gold and silver equities ended slightly higher in mixed trade.
U.S. Household Debt Rose Last Quarter at Fastest Rate Since 2007 Bloomberg
Trump says he'll stick to tariff levels; Mexico, Canada reject pressure Reuters
Mortgage rates clock a ninth straight weekly gain MarketWatch
U.S. weekly jobless claims back off 48-year low Reuters
Tomorrow brings February's jobs data and Wholesale Trade.
The Markets:
Oil fell almost 2% more in continued reaction to yesterday's reported rise in supplies and domestic production.
The U.S. dollar index found notable gains as the euro fell after ECB President Draghi emphasized the dovish elements of their current policy.
Treasuries rose as the Dow, Nasdaq, and S&P waffled near unchanged on uncertainty about the impacts of Trump's tariff plan.
Among the big names making news in the market today were Snap, Burlington Stores, American Eagle, Cigna, and Kroger.
GATA Posts:
Hugo Salinas Price: Without trade deficits, U.S. dollar can't be world reserve currency
Wyoming legislature passes bill to end taxation of gold and silver
Reuters exclusive: Five banks open up trillion-dollar gold club
The Statistics:
As of close of business: 3/7/2018
Gold Warehouse Stocks: | 9,125,608.135 | +20,099.639 |
Silver Warehouse Stocks: | 251,707,669.679 | -16,830.052 |
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(R) Gold Shares | 833.730 | 26,805,241 | US$35,407m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb?rse (Deutsche B?rse - Xetra) | Gold Bullion Securities | 138.13 | 4,441,056 | US$5,860m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb?rse (Deutsche B?rse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 152.66 | 4,908,200 | US$6,477m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$474m |
Note: Change in Total Tonnes from yesterday's data: SPDR subtracted 0.254 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 265.05: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,893.07: No change from yesterday's data.
WINNERS
1. Paramount | PZG +7.14% $1.35 |
2. Harmony | HMY +7.01% $2.29 |
3. Coeur | CDE +3.48% $8.03 |
LOSERS
1. Americas Silver | USAS -6.13% $3.37 |
2. Taseko | TGB -6.11% $1.23 |
3. Franco-Nevada | FNV -4.39% $67.69 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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