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Gold Seeker Closing Report: Gold and Silver Gain With Bonds
By: Chris Mullen, Gold-Seeker.com

 -- 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%

 
 
http://goldseek.com/news/GoldSeeker/2017/3-20gsr/1.jpg

 

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:

 

http://goldseek.com/news/GoldSeeker/2017/3-20gsr/1.png

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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© Gold Seeker 2017

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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.


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 -- Published: Monday, 20 March 2017 | E-Mail  | Print  | Source: GoldSeek.com

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