Gold Seeker Closing Report: Gold and Silver Pare Yesterday's Gains; Dow Drops 700+
| Close | Gain/Loss |
Gold | $1328.30 | -$5.10 |
Silver | $16.39 | -$0.21 |
XAU | 79.39 | -1.49% |
HUI | 171.70 | -1.60% |
GDM | 601.72 | -1.28% |
JSE Gold | 1089.96 | +23.19 |
USD | 89.78 | +0.13 |
Euro | 123.11 | -0.36 |
Yen | 95.09 | +0.47 |
Oil | $64.30 | -$0.87 |
10-Year | 2.821% | -0.061 |
T-Bond | 144.90625 | +1.40625 |
Dow | 23957.89 | -2.93% |
Nasdaq | 7166.68 | -2.43% |
S&P | 2643.69 | -2.52% |
The Metals:
Gold chopped between $1327.50 and $1333.80 in Asia before it fell to a new session low of $1324.80 in early afternoon New York trade, but it then bounced back higher into the close and ended with a loss of just 0.38%. Silver slipped to as low as $16.35 and ended with a loss of 1.27%.
Euro gold fell to about EUR1078, platinum lost $10 to $947, and copper dropped 3 cents to about $3.04.
Gold and silver equities fell over 1% at the open and remained near that level for most of the day.
Leading indicators up 0.6% in February, vs. expectations for 0.4% gain CNBC
Ignoring Trend, Home Prices Surged in January mortgagenewsdaily
U.S. Jobless Claims Inch Up While Benefit Rolls Lowest Since '73 Bloomberg
Tomorrow brings Durable Goods Orders and New Home Sales.
The Markets:
Oil fell over 1% and the U.S. dollar index rose with treasuries as the Dow, Nasdaq, and S&P dropped nearly 3% on concerns over a trade war after President Trump ordered tariffs on Chinese imports.
Among the big names making news in the market today were AbbVie, Amazon, Accenture, Best Buy, and Micron.
GATA Posts:
An exclusive tour of Russia's gold reserve
The Statistics:
As of close of business: 3/21/2018
Gold Warehouse Stocks: | 9,060,591.220 | - |
Silver Warehouse Stocks: | 257,812,433.903 | - |
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$36,125m |
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$5,894m |
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$6,513m |
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: 270.34: +0.30 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,942.90: No change from yesterday's data.
SEMAFO's (SMF.TO) mine construction update, ITH's (THM) change in directors, and Excellon's (EXN.TO) 2017 results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Harmony | HMY +4.00% $2.34 |
2. Americas Silver | USAS +3.85% $3.51 |
3. Gold Fields | GFI +2.31% $3.98 |
LOSERS
1. Freeport | FCX -5.89% $18.05 |
2. Alio Gold | ALO -5.16% $2.02 |
3. Nevsun | NSU -5.00% $2.28 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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