-- Published: Tuesday, 8 March 2016 | Print | Disqus
Gold gained $10.84 to $1278.04 in London, but it then chopped back lower in New York and ended near its late session low of $1260.28 with a loss of 0.46%. Silver slipped to as low as $15.331 and ended with a loss of 1.79%.
Euro gold fell to about €1146, platinum lost $19 to $980, and copper dropped 6 cents to about $2.22.
Gold and silver equities fell roughly 4% by late morning and remained near that level for the rest of the day.
Weaker U.S. small business confidence bucks firming data Reuters
Tomorrow brings Wholesale Inventories for January expected at -0.2%.
Charts Courtesy of http://finance.yahoo.com/
Oil fell almost 4% on expectations for rising stockpiles in tomorrow’s inventory report.
The U.S. dollar index held near unchanged and treasuries rose on disappointing economic data out of China that sent the Dow, Nasdaq, and S&P lower.
Among the big names making news in the market today were Urban Outfitters, Goldman Sachs, United Continental, and VW.
Epoch Times interviews Willem Middelkoop on China's gold strategy
Hugo Salinas Price: Remember 'the Greening of America'? It destroyed industry
As of close of business: 3/7/2016
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 191.07: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,035.00: No change from yesterday’s data.
Comstock’s (LODE) drill results, Seabridge Gold’s (SA) updated independent mineral resource estimate, and Gold Resource’s (GORO) fourth quarter and year-end earnings conference call were among the big stories in the gold and silver mining industry making headlines today.
DRD +2.33% $3.95
2. MAG Silver
MVG +1.27% $7.97
FCX -12.17% $8.66
HL -9.76% $2.59
CDE -7.37% $4.65
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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-- Published: Tuesday, 8 March 2016 | E-Mail | Print | Source: GoldSeek.com