Gold Seeker Closing Report: Gold and Silver Hold Steady While Stocks Drop Again
| Close | Gain/Loss |
Gold | $1325.20 | -$0.60 |
Silver | $16.55 | -$0.02 |
XAU | 79.79 | +0.11% |
HUI | 174.19 | -0.04% |
GDM | 607.88 | +0.17% |
JSE Gold | 1077.28 | -12.85 |
USD | 89.74 | UNCH |
Euro | 123.67 | -0.23 |
Yen | 94.14 | +0.26 |
Oil | $60.96 | +$0.25 |
10-Year | 2.817% | -0.030 |
T-Bond | 145.875 | +0.71875 |
Dow | 24758.12 | -1.00% |
Nasdaq | 7496.81 | -0.19% |
S&P | 2749.48 | -0.57% |
The Metals:
Gold gained $4.30 to $1330.10 in Asia before it fell back to $1321.60 in midmorning New York trade, but it then chopped back higher into the close and ended with a loss of just 0.045%. Silver sloshed between $16.654 and $16.501 and ended with a loss of 0.12%.
Euro gold rose to about EUR1071, platinum lost $3.50 to $959, and copper climbed a penny to about $3.14.
Gold and silver equities waffled near unchanged and ended mixed.
U.S. business inventories rise; sales post largest drop in one-and-a-half years Reuters
Rising services costs lift U.S. producer prices in February Reuters
U.S. retail sales fall for third month in a row MarketWatch
The Markets:
Oil ended higher in mixed trade after the Energy Information Administration reported that crude inventories rose 5.0 million barrels, gasoline inventories fell 6.3 million barrels, and distillates fell 4.4 million barrels.
The U.S. dollar index ended unchanged while the euro fell on Draghi's concern about subdued inflation.
Treasuries rose as the Dow, Nasdaq, and S&P dropped as much as 1% on poor retail sales data and fed uncertainty.
Among the big names making news in the market today were Equifax, Broadcom, and Walmart.
GATA Posts:
Venezuela urged to save itself by becoming a U.S. colony
The Statistics:
As of close of business: 3/13/2018
Gold Warehouse Stocks: | 9,124,611.485 | - |
Silver Warehouse Stocks: | 253,703,395.472 | +410,199.39 |
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$35,473m |
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$5,881m |
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$6,499m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$476m |
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.
Seabridge Gold's (SA) year-round camp prep work, Barrick's (ABX) director nomination, ITH's (THM) non-brokered private placement, and Silver Bull's (SVBL) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Pretivm | PVG +3.19% $7.11 |
2. Kinross | KGC +1.67% $3.65 |
3. Barrick | ABX +1.15% $12.32 |
LOSERS
1. Avino | ASM -5.22% $1.27 |
2. Alexco | AXU -3.89% $1.36 |
3. Gold Standard | GSV -3.55% $1.63 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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