Gold Seeker Closing Report: Gold and Silver Fall Nearly 1%
| Close | Gain/Loss |
Gold | $1316.50 | -$8.70 |
Silver | $16.39 | -$0.16 |
XAU | 78.81 | -1.23% |
HUI | 171.57 | -1.50% |
GDM | 600.49 | -1.22% |
JSE Gold | 1067.94 | -9.34 |
USD | 90.15 | +0.41 |
Euro | 123.05 | -0.62 |
Yen | 94.11 | -0.03 |
Oil | $61.19 | +$0.23 |
10-Year | 2.825% | +0.008 |
T-Bond | 145.96875 | +0.09375 |
Dow | 24873.66 | +0.47% |
Nasdaq | 7481.74 | -0.20% |
S&P | 2747.33 | -0.08% |
The Metals:
Gold edged up to $1327.90 in Asia before it dropped back to $1315.00 in midafternoon New York trade and then bounced back higher into the close, but it still ended with a loss of 0.66%. Silver slipped to as low as $16.366 and ended with a loss of 0.97%.
Euro gold fell to about EUR1070, platinum lost $9 to $950, and copper dropped 3 cents to about $3.11.
Gold and silver equities fell over 1% in the first hour of trade and remained near that level for the rest of the day.
Home-builder confidence drops for third month in a row, NAHB says MarketWatch
U.S. import prices rise more than expected in February Reuters
Phill, Empire manufacturing gauges stay solid in March MarketWatch
Jobless Claims in U.S. Decline for Third Time in Four Weeks Bloomberg
Tomorrow brings Housing Starts, Industrial Production, Consumer Sentiment, and Job Openings.
The Markets:
Oil found modest gains on robust global demand indicators.
The U.S. dollar index climbed higher on mostly better than expected economic data.
Treasuries pared early losses and closed mixed along with the Dow, Nasdaq, and S&P on conflicting concerns about tariffs.
Among the big names making news in the market today were Virgin Atlantic, Unilever, Walmart, iHeartMedia, Toys 'R' Us, Home Depot, and Wells Fargo.
GATA Posts:
Wyoming ends all taxation of gold and silver coins and bullion
The Statistics:
As of close of business: 3/14/2018
Gold Warehouse Stocks: | 9,075,254.780 | -49,356.705 |
Silver Warehouse Stocks: | 255,925,262.242 | +2,221,866.77 |
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$35,344m |
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$5,848m |
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$6,459m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$473m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 265.05: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,922.39: No change from yesterday's data.
Randgold's (GOLD) engagement with the Democratic Republic of Congo, B2Gold's (BTG) year end results, and Alexco's (AXU) year end results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. NOAGOLD | NG +5.26% $4.20 |
2. Alexco | AXU +4.41% $1.42 |
3. Harmony | HMY +4.21% $2.23 |
LOSERS
1. Buenaventura | BVN-3.05% $14.62 |
2. Nevsun | NSU -2.92% $2.33 |
3. Hecla | HL -2.77% $3.86 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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