-- Published: Wednesday, 29 March 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1253.00 | +$2.60 |
Silver | $18.22 | +$0.09 |
XAU | 84.11 | +0.83% |
HUI | 199.88 | +1.20% |
GDM | 638.00 | +0.47% |
JSE Gold | 1376.73 | -3.11 |
USD | 99.90 | +0.21 |
Euro | 107.70 | -0.41 |
Yen | 90.07 | +0.07 |
Oil | $49.51 | +$1.14 |
10-Year | 2.382% | -0.034 |
T-Bond | 151.3125 | +0.53215 |
Dow | 20659.32 | -0.20% |
Nasdaq | 5897.55 | +0.38% |
S&P | 2361.13 | +0.11% |
The Metals:
Gold saw slight losses in Asia, but it then chopped up to as high as $1254.60 in early afternoon New York trade and ended with a gain of 0.21%. Silver rose to as high as $18.232 and ended with a gain of 0.5%.
Euro gold rose to about €1063, platinum gained $2 to $951, and copper remained at about $2.69.
Gold and silver equities rose roughly 1% by early afternoon and remained near that level into the close.
The Economy:
Report | For | Reading | Expected | Previous |
Pending Home Sale | Feb | 5.5% | 2.4% | -2.8% |
Mortgage applications stay flat even as rates drop to lowest in three weeks CNBC
Fed's Evans says he supports one or two more rate hikes this year Reuters
Yellen Says Pockets of ‘Persistently High’ Unemployment Remain Bloomberg
Tomorrow brings Initial Jobless Claims and GDP.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil remained over 2% higher after the Energy Information Administration reported that crude inventories rose 900,000 barrels, gasoline inventories fell 3.7 million barrels, and distillates fell 2.5 million barrels.
The U.S. dollar index rose as the pound and euro fell after “Prime Minister Theresa May began Britain's divorce procedure from the EU.”
Treasuries saw decent gains as the Dow, Nasdaq, and S&P held near unchanged on uncertainty about the progress of Trump’s legislative agenda.
Among the big names making news in the market today were BlackRock, Deutsche Boerse, Sketchers, Capital One, BlackRock, Cisco, and Goldman Sachs.
GATA Posts:
Gold to soar to $1,500 as inflation makes comeback, Incrementum's Stoeferle says
House committee approves bill to increase scrutiny of Fed
Shandong Gold says it may have found China's biggest gold mine
The Statistics:
As of close of business: 3/28/2017
Gold Warehouse Stocks: | 8,976,446.085 | +2,636.30 |
Silver Warehouse Stocks: | 191,402,207.778 | -86,663.363 |
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 | 833.508 | 26,798,117 | US$33,517m |
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$5,560m |
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$6,149m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$449m |
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 1.777 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 198.96: +0.24 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,377.38: +35.34 change from yesterday’s data.
The Miners:
Barrick’s (ABX) incident in Argentina, Banro’s (BAA) discovery, IAMGOLD’s (IAG) drill results, and Buenaventura’s (BVN) AGM resolutions were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Eldorado | EGO +10.13% $3.48 |
2. Almaden | AAU +4.67% $1.12 |
3. Northern Dynasty | NAK +4.35% $1.44 |
LOSERS
1. McEwen | MUX -2.25% $3.04 |
2. Randgold | GOLD-1.56% $87.68 |
3. Buenaventura | BVN -1.12% $12.39 |
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: Wednesday, 29 March 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain While Stocks Chop
