Gold Seeker Weekly Wrap-Up: Gold and Silver Gain on the Week While Stocks Drop 6%
| Close | Gain/Loss | On Week |
Gold | $1345.70 | +$17.40 | +2.44% |
Silver | $16.53 | +$0.14 | +1.22% |
XAU | 81.50 | +2.66% | +3.56% |
HUI | 176.86 | +3.01% | +3.33% |
GDM | 616.94 | +2.55% | +3.08% |
JSE Gold | 1131.26 | +41.30 | +7.65% |
USD | 89.45 | -0.33 | -0.84% |
Euro | 123.56 | +0.45 | +0.56% |
Yen | 95.70 | +0.61 | +1.46% |
Oil | $65.88 | +$1.58 | +5.68% |
10-Year | 2.812% | -0.009 | -1.16% |
Bond | 145.00 | +0.25 | -0.32% |
Dow | 23533.20 | -1.77% | -5.67% |
Nasdaq | 6992.67 | -2.43% | -6.54% |
S&P | 2588.26 | -2.10% | -5.95% |
The Metals:
Gold climbed $21.90 to as high as $1350.20 by midmorning in New York before it chopped back lower at times, but it still ended with a gain of 1.31%. Silver jumped up to $16.664 and ended with a gain of 0.85%.
Euro gold rose to about EUR1088, platinum lost $5 to $942, and copper fell 4 cents to about $3.00.
Gold and silver equities rose over 3% by midday and remained near that level for the rest of the day.
Trump says he has signed $1.3 trillion spending bill into law Reuters
New-Home Sales in U.S. Cool for Third Month as Prices Surge Bloomberg
With China tariffs, Trump barks but doesn't bite MarketWatch
Durable-goods orders snap back with 3.1% gain as business investment surges MarketWatch
Next week's economic highlights include S&P Corelogic Case-Shiller HPI and Consumer Confidence on Tuesday, GDP, International Trade in Goods, and Pending Home Sales on Wednesday, and Initial Jobless Claims, Personal Income and Outlays, Chicago PMI, and Consumer Sentiment on Thursday.
The Markets:
Oil rose 2.5% "after the Saudi energy minister said OPEC and allied producers would need to keep coordinating supply cuts into 2019."
The U.S. dollar index dropped and treasuries edged higher in late trade as the Dow, Nasdaq, and S&P fell back off into the close and ended roughly 2% lower on trade war worries.
Among the big names making news in the market Friday were Tesla, Dropbox, Bank of America, Nike, Target, and Lands' End.
GATA Posts:
Trump threatens to veto spending bill, raising government shutdown risk Reuters
New-Home Sales in U.S. Cool for Third Month as Prices Surge Bloomberg
With China tariffs, Trump barks but doesn't bite MarketWatch
Durable-goods orders snap back with 3.1% gain as business investment surges MarketWatch
The Statistics:
Activity from: 3/22/2018
Gold Warehouse Stocks: | 9,060,591.220 | - |
Silver Warehouse Stocks: | 259,003,039.303 | +1,190,605.40 |
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$36,815m |
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$5,994m |
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$6,626m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$484m |
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: 9,942.90: No change from yesterday's data.
Centerra Gold's (CG.TO) restarted ball mill circuit and Agnico Eagle's (AEM) completed 43-101 technical report were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. AngloGold | AU +5.93% $9.65 |
2. Kinross | KGC +5.79% $3.84 |
3. Alamos | AGI +5.06% $5.40 |
LOSERS
1. Taseko | TGB -4.13% $1.16 |
2. Freeport | FCX -2.94% $17.52 |
3. Nevsun | NSU -1.32% $2.25 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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