Gold Seeker Closing Report: Gold and Silver Gain 1% and 2%
| Close | Gain/Loss |
Gold | $1333.70 | +$14.10 |
Silver | $16.74 | +$0.31 |
XAU | 80.80 | +2.15% |
HUI | 177.86 | +2.01% |
GDM | 615.99 | +2.08% |
JSE Gold | 1140.09 | +31.92 |
USD | 89.62 | -0.38 |
Euro | 124.10 | +0.74 |
Yen | 94.26 | +0.01 |
Oil | $62.60 | +$0.03 |
10-Year | 2.884% | UNCH |
T-Bond | 144.1875 | +0.0625 |
Dow | 24884.12 | +0.04% |
Nasdaq | 7372.01 | +0.56% |
S&P | 2728.12 | +0.26% |
The Metals:
Gold gained $18.90 to as high as $1338.50 in late morning New York trade before it edged back lower into the close, but it still ended with a gain of 1.07%. Silver rose to as high as $16.858 and ended with a gain of 1.89%.
Euro gold rose to about EUR1075, platinum gained $8 to $966, and copper climbed 4 cents to about $3.15.
Gold and silver equities rose over 2% in the first hour of trade and remained near that level for the rest of the day.
'There's no stopping it,' warns Ron Paul: A 'calamity' could cut this market in half MarketWatch
U.S. factory orders post biggest drop in six months Reuters
Mortgage rates hit a more than 4-year high as investors brace for a more hawkish Fed MarketWatch
Eyeing the easy money exit: Five questions for the ECB Reuters
The Markets:
Oil held near unchanged ahead of tomorrow's supply data.
The U.S. dollar index fell as traders shifted to higher-yielding currencies after talks between North and South Korea encouraged a move toward emerging markets.
Treasuries found modest gains as the Dow, Nasdaq, and S&P waffled near unchanged on political uncertainty.
Among the big names making news in the market today were Bumble, Just Eat, Aramco, Broadcom, Target, and PayPal.
GATA Posts:
How about just conducting government business -- and trading -- in public?
Real Vision's gold documentary confirms market rigging by governments
U.S. Libor exposures larger than thought at $200 trillion
The Statistics:
As of close of business: 3/5/2018
Gold Warehouse Stocks: | 9,088,203.654 | -45,442.059 |
Silver Warehouse Stocks: | 251,715,708.107 | -63,793.073 |
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 | 833.984 | 26,813,431 | US$35,686m |
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$5,938m |
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$6,559m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$479m |
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: 9,893.07: No change from yesterday's data.
Goldcorp's (GG) dividend, Barrick's (ABX) Global Employee Share Plan, and Hecla's (HL) loan investment from Ressources Quebec were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Alexco | AXU +7.52% $1.43 |
2. Alio Gold | ALO +7.23% $2.67 |
3. Avino | ASM +7.20% $1.34 |
LOSERS
1. Nevsun | NSU -3.06% $2.22 |
2. Gold Standard | GSV -1.23% $1.61 |
3. Paramount | PZG -0.78% $1.27 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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