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Gold Seeker Closing Report: Gold and Silver Gain Nearly 1%
By: Chris Mullen,

 -- Published: Monday, 7 March 2016 | Print  | Disqus 



















JSE Gold
































The Metals:


Gold rose almost 1% to $1273.17 in London before it fell to see a slight loss at $1259.51 in early afternoon New York trade, but it then bounced back higher into the close and ended with a gain of 0.51%.  Silver rose to as high as $15.792 and ended with a gain of 0.97%.


Euro gold rose to about €1151, platinum gained $22 to $999, and copper climbed slightly to about $2.28.


Gold and silver equities rose roughly 5% in the first 45 minutes of trade before they drifted back lower at times, but they still ended with about 3% gains.


The Economy:







Consumer Credit






The Markets:


Charts Courtesy of


Oil rose over 5% on expectations for falling output.


The U.S. dollar index erased early gains and ended lower as the euro rebounded ahead of this week’s ECB meeting.


Treasuries traded mixed along with the Dow, Nasdaq, and S&P in relatively quiet trade.


Among the big names making news in the market today were Verizon, Wells Fargo, Noble Group, T-Mobile, and Apple.


GATA Posts:



South Africa gold firms get lift from weak rand, but risks lurk

ECB starts reporting unallocated gold, but is it the whole story?

China boosts gold hoard by smallest amount since at least July

Koos Jansen: The Indian government's futile war against its own people over gold

BlackRock gold fund resumed issuing shares too soon, faces penalties

In transparency bid, Chinese central bank reveals some non-dollar reserves

Faith in central banks' healing powers is faltering, BIS says

Geologist Keith Barron describes his road to discovery in Ecuador

U.S. watchdog to probe Fed's lax oversight of Wall Street

Canadian Press finds ignoramuses to provide cover for gold dishoarding


The Statistics:

As of close of business: 3/4/2016

Gold Warehouse Stocks:



Silver Warehouse Stocks:




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® Gold Shares




London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities




London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold




Australian Stock Exchange (ASX)

Gold Bullion Securities




Johannesburg Securities Exchange (JSE)

New Gold Debentures




Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 0.215 tonnes.


COMEX Gold Trust (IAU) Total Tonnes in Trust: 191.07: +0.30 change from yesterday’s data.


Silver Trust (SLV) Total Tonnes in Trust: 10,035.00: +88.83 change from yesterday’s data.


The Miners:


Goldcorp’s (GG) dividend, Eurasian’s (EMXX) completed royalty purchases, Barrick’s (ABX) tender offer, and Silver Standard’s (SSRI) plans to acquire all of the outstanding common shares of Claude Resources (CGR) were among the big stories in the gold and silver mining industry making headlines today.



1.  Primero

PPP +17.86% $1.98

2.  Coeur

CDE +11.06% $5.02

3.  First Majestic

AG +9.84% $5.36



1.  Silver Standard

SSRI-11.06% $5.95

2.  Avino

ASM -4.42% $1.08

3.  Pretivm

PVG -3.20% $5.45

Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.


Please see Yahoo’s Mining/Metals News Wire for all of today’s mining news.


- Chris Mullen, Gold Seeker Report


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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2016

Note: This article may be reproduced provided the article, in full, is used and mention to is given.

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions.  The author of this report is not a registered financial advisor.  Readers should not view this material as offering investment related advice. has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond’s control, no representation or guarantee is made that it is complete or accurate.  The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.  Past results are not necessarily indicative of future results.  Any statements non-factual in nature constitute only current opinions, which are subject to change.  Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein.  Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.

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