-- Published: Thursday, 23 March 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1246.20 | -$1.60 |
Silver | $17.58 | +$0.05 |
XAU | 84.46 | -0.75% |
HUI | 200.03 | -0.86% |
GDM | 640.66 | -1.01% |
JSE Gold | 1307.95 | -33.33 |
USD | 99.75 | +0.05 |
Euro | 107.88 | -0.12 |
Yen | 90.10 | +0.11 |
Oil | $47.70 | -$0.34 |
10-Year | 2.416% | +0.016 |
T-Bond | 150.75 | -0.3125 |
Dow | 20656.58 | -0.02% |
Nasdaq | 5817.69 | -0.07% |
S&P | 2345.95 | -0.11% |
The Metals:
Gold gained $5.30 to $1253.10 at about 9AM EST before it fell back to $1242.90 in early afternoon trade and then bounced back higher at times, but it still ended with a loss of 0.13%. Silver rose to as high as $17.68 before it also chopped back lower, but it still ended with a gain of 0.29%.
Euro gold remained at about €1156, platinum stayed at $959, and copper climbed a couple of cents to about $2.66.
Gold and silver equities fell roughly 2.5% by late morning before they rallied back higher in afternoon trade, but they still ended about 1% lower on the day.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 3/18 | 285K | 239K | 243K |
New Home Sales | Feb | 592K | 560K | 558K |
Fed research signals inflation overshoot possible, but is it tolerable? Reuters
Fed's Williams says three or four rate hikes this year makes sense: WSJ Reuters
Tomorrow brings Durable Goods Orders.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil dropped almost 1% on continued concerns about an oversupplied market.
The U.S. dollar index waffled near unchanged and treasuries edged lower as the Dow, Nasdaq, and S&P traded mixed on uncertainty about the health-care vote before Congress.
Among the big names making news in the market today were Citigroup, Chesapeake Energy, Credit Suisse, Ford, and Disney.
GATA Posts:
Ted Butler: Dead men walking?
UBS charges customers to deposit euros
The Statistics:
As of close of business: 3/22/2017
Gold Warehouse Stocks: | 8,904,820.950 | -64,046.25 |
Silver Warehouse Stocks: | 190,281,607.670 | +1,002,538.99 |
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 | 834.396 | 26,826,679 | US$33,458m |
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$5,526m |
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$6,104m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$447m |
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: 198.42: +0.60 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,342.04: No change from yesterday’s data.
The Miners:
Nevsun’s (NSU) resource growth, Golden Star’s (GSS) exploration strategy, Gold Standard’s (GSV) acquired claims, Gold Resource’s (GORO) drill results, and Excellon’s (EXN.TO) 2016 results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Seabridge | SA +4.92% $12.80 |
2. Eurasian | EMX +2.02% $1.01 |
3. Nevsun | NSU +1.23% $2.47 |
LOSERS
1. Exeter | XRA -7.26% $1.15 |
2. Avino | ASM -4.95% $1.73 |
3. Harmony | HMY -4.49% $2.34 |
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, 23 March 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Mixed Before Health Care Vote
