-- Published: Monday, 13 March 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1204.60 | +$0.20 |
Silver | $16.97 | -$0.07 |
XAU | 80.40 | +0.75% |
HUI | 187.89 | +0.66% |
GDM | 612.03 | +1.52% |
JSE Gold | 1220.54 | +32.28 |
USD | 101.37 | +0.09 |
Euro | 106.56 | -0.33 |
Yen | 87.10 | -0.06 |
Oil | $48.40 | -$0.09 |
10-Year | 2.617% | +0.039 |
T-Bond | 146.28125 | -0.5625 |
Dow | 20881.48 | -0.10% |
Nasdaq | 5875.78 | +0.24% |
S&P | 2373.47 | +0.04% |
The Metals:
Gold gained $6.60 to $1211.00 in Asia before it dropped back to $1202.50 in midmorning New York trade, but it then chopped back higher at times and ended with a gain of 0.02%. Silver rose to as high as $17.143 before it dropped back to $16.951 and then also bounced back higher, but it still ended with a loss of 0.41%.
Euro gold rose to about €1131, platinum remained at $938, and copper climbed 3 cents to about $2.63.
Gold and silver equities rose roughly 1% in the first half hour of trade and remained near that level for the rest of the day.
The Economy:
At the Fed, spring comes early with return to new 'normal' Reuters
Fed expected to send hawkish signals with the dot plot MarketWatch
Fed's on thin ice in a Trump administration, expert says MarketWatch
The Fed's Yellen has the power to determine the success of Trump's presidency MarketWatch
Tomorrow brings PPI.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil edged lower on rising US shale production numbers.
The U.S. dollar index, treasuries, and the Dow, Nasdaq, and S&P all held near unchanged as traders await economic data and fed announcements later in the week.
Among the big names making news in the market today were Turkish Airlines, Toshiba, Intel and Mobileye, and Boeing.
GATA Posts:
Market drift suggests some investors may be trading on U.K. data ahead of release
Accurate account of Klondike Gold Rush turns mythology on its head
Gold fund manager Egon von Greyerz interviewed by Grant Williams for Real Vision
Ed Steer's Gold & Silver Daily letter for Saturday posted at GoldSeek
India's gold paperization scheme is a total flop
Ronan Manly: Mexico's earmarked gold bars at the Bank of England's vaults
The Statistics:
As of close of business: 3/10/2017
Gold Warehouse Stocks: | 8,893,365.207 | - |
Silver Warehouse Stocks: | 186,738,837.040 | +1,998.90 |
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 | 825.216 | 26,531,505 | US$31,945m |
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$5,353m |
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$5,918m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$432m |
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 8.885 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 196.92: -0.30 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,268.39: No change from yesterday’s data.
The Miners:
Gold Fields’ (GFI) drop in first quarter production and Hecla’s (HL) labor strike were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Taseko | TGB +11.02% $1.31 |
2. Exeter | XRA +9.08% $1.19 |
3. McEwen | MUX +7.19% $3.28 |
LOSERS
1. New Gold | NGD -4.14% $2.78 |
2. First Majestic | AG -2.17% $7.67 |
3. IAMGOLD | IAG -1.64% $3.60 |
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: Monday, 13 March 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Near Unchanged As Markets Await Fed
