-- Published: Wednesday, 8 March 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1208.70 | -$7.10 |
Silver | $17.24 | -$0.24 |
XAU | 78.52 | -0.81% |
HUI | 183.76 | -0.54% |
GDM | 595.63 | -0.62% |
JSE Gold | 1224.66 | -3.40 |
USD | 102.09 | +0.30 |
Euro | 105.45 | -0.24 |
Yen | 87.44 | -0.26 |
Oil | $50.28 | -$2.86 |
10-Year | 2.556% | +0.040 |
T-Bond | 149.25 | -0.84375 |
Dow | 20855.73 | -0.33% |
Nasdaq | 5837.55 | +0.06% |
S&P | 2362.96 | -0.23% |
The Metals:
Gold fell $9 to $1206.80 in early New York trade before it chopped back higher into the close, but it still ended with a loss of 0.58%. Silver slipped to as low as $17.213 and ended with a loss of 1.37%.
Euro gold fell to about €1146, platinum lost $13 to $944, and copper fell a couple of cents to about $2.60.
Gold and silver equities waffled near unchanged and ended slightly lower.
The Economy:
Report | For | Reading | Expected | Previous |
ADP Employment | Feb | 298K | 180K | 261K |
Productivity | Q4 | 1.3% | 1.5% | 1.3% |
Unit Labor Costs | Q4 | 1.7% | 1.6% | 1.7% |
Wholesale Inventories | Jan | -0.2% | -0.1% | 1.0% |
Tomorrow brings Initial Jobless Claims and Import and Export Prices.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil dropped over 5% after the Energy Information Administration reported that crude inventories rose 8.2 million barrels, gasoline inventories fell 6.6 million barrels, and distillates fell 2.7 million barrels.
The U.S. dollar index rose and treasuries fell again after this morning’s stronger than expected jobs data strengthened the case for an interest rate hike by the fed next week.
The Dow and S&P followed oil lower while the Nasdaq rose on strong earnings reports in the tech sector.
Among the big names making news in the market today were Caterpillar, Express, Snap, and Disney.
GATA Posts:
Indian gold imports said to almost triple on wedding demand
Bank of England deputy governor with brother in senior Barclays role faces calls to resign
Hugo Salinas Price: Where are we today?
Ronan Manly reflects on odd withdrawal of Thomson Reuters, CME from silver pricing
The Statistics:
As of close of business: 3/7/2017
Gold Warehouse Stocks: | 8,894,600.148 | -32,310.75 |
Silver Warehouse Stocks: | 187,952,978.910 | -334,727.106 |
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$32,528m |
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$5,378m |
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$5,942m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$434m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 35.73 | 1,148,868 | US$1,391m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 197.52: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,350.88: No change from yesterday’s data.
The Miners:
Randgold’s (GOLD) comments on hunting for new discoveries in emerging markets, Tanzanian Royalty’s (TRX) market maker, Paramount’s (PZG) Memorandum of Understanding ("MOU") governing the preparation of a National Environmental Policy Act ("NEPA") Analysis for its wholly-owned Grassy Mountain Gold Project in Oregon, and Northern Dynasty’s (NAK) regulatory and permitting consultant were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Northern Dynasty | NAK +10.92% $1.32 |
2. Paramount | PZG +8.02% $1.75 |
3. Seabridge | SA +3.70% $9.80 |
LOSERS
1. Alexco | AXU -6.90% $1.35 |
2. Avino | ASM -4.37% $1.75 |
3. McEwen | MUX -3.29% $2.94 |
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: Wednesday, 8 March 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall As Dollar Tops 102
