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Gold Seeker Closing Report: Gold and Silver End Mixed While Stocks Bounce Back
By: Chris Mullen, Gold-Seeker.com

 -- Published: Tuesday, 28 March 2017 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1250.40

-$4.90

Silver

$18.13

+$0.03

XAU

83.42

-2.24%

HUI

197.51

-3.10%

GDM

634.94

-2.34%

JSE Gold

1379.84

-14.98

USD

99.69

+0.49

Euro

108.11

-0.54

Yen

90.00

-0.36

Oil

$48.37

+$0.64

10-Year

2.416%

+0.040

T-Bond

150.59375

-0.875

Dow

20701.50

+0.73%

Nasdaq

5875.14

+0.60%

S&P

2358.57

+0.73%

 
 
http://goldseek.com/news/GoldSeeker/2017/3-28gsr/1.jpg

 

The Metals:

 

Gold fell $4.10 to $1251.20 in Asia before it bounced back to $1258.20 in midmorning New York trade, but it then fell to a new session low of $1247.70 in afternoon trade and ended with a loss of 0.39%.  Silver rose to as high as $18.233 before it also fell back off, but it still ended with a gain of 0.17%.

 

Euro gold rose to about €1157, platinum lost $17 to $949, and copper climbed 4 cents to about $2.69.

 

Gold and silver equities fell over 2% by midday and remained near that level for the rest of the day.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Wholesale Inventories

Feb

0.4%

0.2%

-0.2%

International Trade in Goods

Feb

-$64.8B

-$66.1B

-$68.8B

S&P Case-Shiller Home Price Index

Jan

5.7%

5.6%

5.5%

Consumer Confidence

Mar

125.6

113.3

116.1

 

Fed should not jolt the economy, hikes should be gradual: Kaplan  Reuters

Fed's Fischer Says Two More 2017 Rate Hikes Seem About Right  Bloomberg

 

Tomorrow brings Pending Home Sales.

 

The Markets:

 

http://goldseek.com/news/GoldSeeker/2017/3-28gsr/1.png

Charts Courtesy of http://finance.yahoo.com/

 

Oil gained over 1% on doubts over Libya’s ability to become a reliable producer.

 

The U.S. dollar index rose and treasuries fell on better than expected economic data that sent the Dow, Nasdaq, and S&P higher.

 

Among the big names making news in the market today were GM, Saudi Aramco, Ford, Tencent, Amazon, and Tesco.

 

GATA Posts:

 

 

Goldcorp and Barrick team up on Chile gold mine projects

 

The Statistics:

As of close of business: 3/27/2017

Gold Warehouse Stocks:

8,973,809.785

+68,824.755

Silver Warehouse Stocks:

191,488,871.141

+581,015.82

 

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

835.285

26,855,239

US$33,754m

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$5,580m

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$6,162m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$450m

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 added 2.665 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 198.72: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,342.04: No change from yesterday’s data.

 

The Miners:

 

Gold Fields’ (GFI) annual report, Barrick’s (ABX) joint venture with Goldcorp (GG) in Chile, Kinross Gold’s (KGC) sale of its interest in Cerro Casale, Comstock’s (LODE) Certified Site accreditation, Randgold’s (GOLD) dividend, reserves and resources, and 2016 annual report, Goldcorp’s (GG) acquisition of Exeter (XRA), and Silver Bear (SBR.TO) financing changes were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Exeter

XRA +54.31% $1.79

2.  Taseko

TGB +4.84% $1.30

3.  Freeport

GCX +2.95% $12.57

 

LOSERS

1.  Gold Standard

GSV -8.70% $2.31

2.  Goldcorp

GG -6.92% $14.94

3.  Richmont

RIC -6.16% $6.85

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.


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 -- Published: Tuesday, 28 March 2017 | E-Mail  | Print  | Source: GoldSeek.com

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