Gold Seeker Closing Report: Gold and Silver Gain Almost 1%
| Close | Gain/Loss |
Gold | $1352.90 | +$7.20 |
Silver | $16.69 | +$0.16 |
XAU | 82.50 | +1.22% |
HUI | 178.97 | +1.19% |
GDM | 626.21 | +1.46% |
JSE Gold | 1129.86 | -1.40 |
USD | 89.05 | -0.40 |
Euro | 124.54 | +0.98 |
Yen | 95.00 | -0.70 |
Oil | $65.55 | -$0.33 |
10-Year | 2.846% | +0.034 |
T-Bond | 144.5625 | -0.15625 |
Dow | 24202.60 | +2.84% |
Nasdaq | 7220.54 | +3.26% |
S&P | 2658.55 | +2.72% |
The Metals:
Gold climbed $10.10 to $1355.80 in late morning New York trade before it edged back lower into the close, but it still ended with a gain of 0.54%. Silver rose to as high as $16.785 and ended with a gain of 0.97%.
Euro gold fell to about EUR1087, platinum gained $8 to $950, and copper fell a couple of cents to about $2.98.
Gold and silver equities gained over 1% in the first hour of trade and remained near that level for the rest of the day.
Fed's Dudley Says Bank Executives Should Share the Cost of Fines Bloomberg
NY Fed's Dudley says regulators should increase focus on bank executives Reuters
Robert Shiller: An economic crisis looms amid the chaos brought by Trump MarketWatch
'America First' is a bad deal for everyone MarketWatch
Tomorrow brings S&P Corelogic Case-Shiller HPI and Consumer Confidence.
The Markets:
Oil edged lower on profit taking from last week's gains.
The U.S. dollar index dropped as the euro rose on talk of the ECB raising interest rates as early as the start of next year.
Treasuries traded mostly lower as the Dow, Nasdaq, and S&P gained roughly 3% on easing trade tensions.
Among the big names making news in the market today were GE, Uber, Remington, Facebook, Toys 'R' Us', and Microsoft.
GATA Posts:
China's attempts to supplant dollar face historic difficulties
West Virginia congressman introduces gold standard legislation ...
Ed Steer: A stunning silver CoT report, one for the ages
China signals it could ease Treasury purchases to counter Trump
Crypto has just found a friendly island in the sun
The Statistics:
As of close of business: 3/23/2018
Gold Warehouse Stocks: | 9,060,591.220 | - |
Silver Warehouse Stocks: | 258,923,030.073 | -80,009.23 |
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 | 850.543 | 27,345,794 | US$36,972m |
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$6,021m |
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$6,652m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$486m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 270.34: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,893.08: -49.82 change from yesterday's data.
Kinross Gold's (KGC) regulatory investigation and New Gold's (NGD) board changes were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Harmony | HMY +7.30% $2.50 |
2. Sibanye | SBGL +5.88% $4.14 |
3. Silvercorp | SVM +4.06% $2.82 |
LOSERS
1. Pretivm | PVG -5.26% $6.67 |
2. Americas Silver | USAS -3.84% $3.51 |
3. Alamos Gold | AGI -3.15% $5.23 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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