-- Published: Monday, 20 March 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1234.60 | +$5.80 |
Silver | $17.42 | +$0.04 |
XAU | 83.57 | +1.24% |
HUI | 198.16 | +1.38% |
GDM | 637.16 | +1.15% |
JSE Gold | 1301.14 | -6.86 |
USD | 100.33 | +0.03 |
Euro | 107.46 | +0.10 |
Yen | 87.87 | +0.14 |
Oil | $48.22 | -$0.56 |
10-Year | 2.464% | -0.036 |
T-Bond | 149.09375 | +0.65625 |
Dow | 20905.86 | -0.04% |
Nasdaq | 5901.53 | +0.01% |
S&P | 2373.47 | -0.20% |
The Metals:
Gold gained $6.60 to $1235.40 in Asia before it pared down to $1230.30 in London, but it then rallied back higher in New York and ended with a gain of 0.47%. Silver rose to as high as $17.457 and ended with a gain of 0.23%.
Euro gold rose to about €1149, platinum gained $8 to $968, and copper fell 3 cents to about $2.67.
Gold and silver equities saw slight gains for most of the morning before the edged lower in early afternoon trade, but they then climbed back up into the close and ended over 1% higher on the day.
The Economy:
Brexit: Article 50 to Be Triggered on Wednesday March 29 Bloomberg
Fed on track to raise U.S. rates twice more this year: Evans Reuters
State finances are still in the red, even as the economy is growing MarketWatch
Tomorrow brings the Current Account Balance.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell over 1% after the “number of active U.S. rigs drilling for oil rose for a ninth straight week.”
The U.S. dollar index held near unchanged while the pound wobbled after “after a spokesman for British Prime Minister Theresa May said she would formally launch Britain's divorce talks with the European Union on March 29.”
Treasuries rose as the Dow, Nasdaq, and S&P traded mixed on concerns about global trade policies.
Among the big names making news in the market today were UBS, Deutsche Bank, Man Group, Uber, Snap, and Viacom.
GATA Posts:
Mark Leibovit of 'Wall Street Raw' interviews GATA Chairman Murphy
GATA Chairman Bill Murphy interviewed by Reluctant Preppers
Yellen surprises hedge funds that cut gold wagers before rally
Silver seen climbing faster than gold as Yellen wakens bulls
The Statistics:
As of close of business: 3/17/2017
Gold Warehouse Stocks: | 8,936,790.240 | +1,299.95 |
Silver Warehouse Stocks: | 188,266,156.015 | +5,088.128 |
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 | 834.100 | 26,817,160 | US$33,042m |
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$5,481m |
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$6,057m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$443m |
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 2.962 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 197.82: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,303.74: No change from yesterday’s data.
The Miners:
Tanzanian Royalty (TRX) management transition, Richmont’s (RIC) filed technical report, and Southern Silver’s (SSV.V) assay results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Northern Dynasty | NAK +16.3% $1.57 |
2. Harmony | HMY +6.61% $2.42 |
3. Great Panther | GPL +6.02% $1.76 |
LOSERS
1. Taseko | TGB -2.92% $1.33 |
2. Americas Silver | USAS -2.73% $2.85 |
3. Gold Standard | GSV -2.6g% $2.56 |
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: Monday, 20 March 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain With Bonds
