-- Published: Tuesday, 7 March 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1215.80 | -$10.20 |
Silver | $17.48 | -$0.29 |
XAU | 79.16 | -0.91% |
HUI | 184.75 | -0.63% |
GDM | 599.20 | -0.84% |
JSE Gold | 1228.06 | -37.06 |
USD | 101.79 | +0.12 |
Euro | 105.69 | -0.15 |
Yen | 87.70 | -0.10 |
Oil | $53.14 | -$0.06 |
10-Year | 2.516% | +0.022 |
T-Bond | 150.03125 | -0.28125 |
Dow | 20924.76 | -0.14% |
Nasdaq | 5833.93 | -0.26% |
S&P | 2368.39 | -0.29% |
The Metals:
Gold held near unchanged in Asia, but it then fell back off in London and New York and ended near its late session low of $1214.20 with a loss of 0.83%. Silver slipped to as low as $17.468 and ended with a loss of 1.63%.
Euro gold fell to about €1150, platinum lost $20 to $957, and copper fell 4 cents to about $2.62.
Gold and silver equities fell nearly 2% at the open before they rose to see over 1% gains in late morning trade, but they then drifted back lower in early afternoon action and ended with almost 1% losses on the day.
The Economy:
Report | For | Reading | Expected | Previous |
Trade Balance | Jan | -$48.5B | -$48.5B | -$44.3B |
Consumer Credit | Jan | $8.8B | $17.0B | $14.8B |
Tomorrow brings ADP Employment, Productivity, and Wholesale Inventories.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil edged lower in mixed trade as OPEC cuts continue to be offset by rising US production.
The U.S. dollar index saw slight gains and treasuries fell on the outlook for an interest rate hike by the fed next week.
The Dow, Nasdaq, and S&P traded mostly lower on apprehension over upcoming central bank meetings.
Among the big names making news in the market today were Iflix, Ford, Snap, Pandora, RadioShack, and HPE and Nimble Storage.
GATA Posts:
Guillermo Barba: A quarter of Mexico's gold reserve is 'unallocated' at Bank of England
China forex reserves break 8-month run of declines
Newmont joins gold 'staking rush' in Canada's once-fabled Yukon
The Statistics:
As of close of business: 3/6/2017
Gold Warehouse Stocks: | 8,926,910.898 | -2,025.45 |
Silver Warehouse Stocks: | 188,287,705.996 | -44,128.017 |
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 | 836.766 | 26,902,867 | US$32,729m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 138.13 | 4,441,056 | US$5,407m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 152.66 | 4,908,200 | US$5,975m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$436m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 35.73 | 1,148,868 | US$1,391m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 3.81 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 197.52: -0.39 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,350.88: No change from yesterday’s data.
The Miners:
WINNERS
1. Exeter | XRA +5.41% $1.17 |
2. Gold Standard | GSV +2.99% $2.41 |
3. Gold Resource | GORO +1.84% $4.42 |
LOSERS
1. Northern Dynasty | NAK -15.0% $1.19 |
2. Paramount | PZG -7.95% $1.62 |
3. Nevsun | NSU -3.91% $2.46 |
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
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
Additional Resources for today’s Gold Seeker Report can be found:
© Gold Seeker 2017
Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com 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. Gold-Seeker.com 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 Gold-Seeker.com’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.
| Digg This Article
-- Published: Tuesday, 7 March 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall With Stocks Once More
