-- Published: Thursday, 9 March 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1201.90 | -$6.80 |
Silver | $16.97 | -$0.27 |
XAU | 77.70 | -1.04% |
HUI | 181.41 | -1.28% |
GDM | 589.34 | -1.10% |
JSE Gold | 1217.15 | -7.51 |
USD | 101.94 | -0.15 |
Euro | 105.83 | +0.38 |
Yen | 87.02 | -0.42 |
Oil | $49.28 | -$1.00 |
10-Year | 2.598% | +0.042 |
T-Bond | 148.0625 | -1.09375 |
Dow | 20858.19 | +0.01% |
Nasdaq | 5838.81 | +0.02% |
S&P | 2364.87 | +0.08% |
The Metals:
Gold fell $5.20 to $1203.50 in late Asian trade before it bounced back to $1209.00 at about 8AM EST, but it then fell to a new session low of $1201.40 in the last minutes of the day and ended with a loss of 0.56%. Silver slipped to as low as $16.943 and ended with a loss of 1.57%.
Euro gold fell to about €1136, platinum lost $12 to $932, and copper fell a couple of cents to about $2.58.
Gold and silver equities rose to see slight gains in the first 15 minutes of trade, but they then drifted back lower for most of the rest of the day and ended with about 1% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 3/04 | 243K | 240K | 223K |
Export Prices | Feb | 0.3% | - | 0.2% |
Export Prices ex-ag. | Feb | 0.3% | - | 0.2% |
Import Prices | Feb | 0.2% | - | 0.6% |
Import Prices ex-oil | Feb | 0.3% | - | -0.1% |
Mortgage rates jump to 2017 high MarketWatch
Tomorrow brings February’s jobs data and the Treasury Budget.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell another 2% in continued reaction to yesterday’s rise in crude inventories.
The U.S. dollar index dropped as the euro rose after “European Central Bank president Mario Draghi signaled that the central bank may not need to roll out further stimulus measures to breathe life into Europe’s stalled economy.”
Treasuries saw notable losses while the Dow, Nasdaq, and S&P ended slightly higher in mixed trade ahead of tomorrow’s jobs data.
Among the big names making news in the market today were Shell, AIG, Akzo Nobel, and Emirates Airline.
GATA Posts:
Sprott makes hostile $3.1 billion bid for Central Fund of Canada
Ron Paul urges Arizona lawmakers to end capital gains tax on gold coins
The Statistics:
As of close of business: 3/8/2017
Gold Warehouse Stocks: | 8,893,764.222 | -835.926 |
Silver Warehouse Stocks: | 187,333,810.600 | -619,168.31 |
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$32,456m |
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$5,347m |
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$5,910m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$431m |
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: 10,303.74: -47.14 change from yesterday’s data.
The Miners:
Freeport’s (FCX) copper concentrate output in Indonesia, Comstock’s (LODE) 2016 results, and Tahoe Resources’ (TAHO) dividend were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Gold Standard | GSV +2.56% $2.40 |
2. Alexco | AXU +1.48% $1.37 |
3. Buenaventura | BVN +0.61% $11.46 |
LOSERS
1. Exeter | XRA -7.03% $1.06 |
2. Northern Dynasty | NAK -6.82% $1.23 |
3. Taseko | TGB -6.07% $1.16 |
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: Thursday, 9 March 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Back to About $1200 and $17
