-- Published: Tuesday, 6 March 2018 | Print | Disqus
| Close | Gain/Loss |
Gold | $1333.70 | +$14.10 |
Silver | $16.74 | +$0.31 |
XAU | 80.80 | +2.15% |
HUI | 177.86 | +2.01% |
GDM | 615.99 | +2.08% |
JSE Gold | 1140.09 | +31.92 |
USD | 89.62 | -0.38 |
Euro | 124.10 | +0.74 |
Yen | 94.26 | +0.01 |
Oil | $62.60 | +$0.03 |
10-Year | 2.884% | UNCH |
T-Bond | 144.1875 | +0.0625 |
Dow | 24884.12 | +0.04% |
Nasdaq | 7372.01 | +0.56% |
S&P | 2728.12 | +0.26% |
The Metals:
Gold gained $18.90 to as high as $1338.50 in late morning New York trade before it edged back lower into the close, but it still ended with a gain of 1.07%. Silver rose to as high as $16.858 and ended with a gain of 1.89%.
Euro gold rose to about €1075, platinum gained $8 to $966, and copper climbed 4 cents to about $3.15.
Gold and silver equities rose over 2% in the first hour of trade and remained near that level for the rest of the day.
The Economy:
‘There’s no stopping it,’ warns Ron Paul: A ‘calamity’ could cut this market in half MarketWatch
U.S. factory orders post biggest drop in six months Reuters
Mortgage rates hit a more than 4-year high as investors brace for a more hawkish Fed MarketWatch
Eyeing the easy money exit: Five questions for the ECB Reuters
Tomorrow brings ADP Employment, International Trade, Productivity and Costs, and the fed’s Beige Book.
The Markets:
Oil held near unchanged ahead of tomorrow’s supply data.
The U.S. dollar index fell as traders shifted to higher-yielding currencies after talks between North and South Korea encouraged a move toward emerging markets.
Treasuries found modest gains as the Dow, Nasdaq, and S&P waffled near unchanged on political uncertainty.
Among the big names making news in the market today were Bumble, Just Eat, Aramco, Broadcom, Target, and PayPal.
GATA Posts:
How about just conducting government business -- and trading -- in public?
Real Vision's gold documentary confirms market rigging by governments
U.S. Libor exposures larger than thought at $200 trillion
The Statistics:
As of close of business: 3/5/2018
Gold Warehouse Stocks: | 9,088,203.654 | -45,442.059 |
Silver Warehouse Stocks: | 251,715,708.107 | -63,793.073 |
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 | 833.984 | 26,813,431 | US$35,686m |
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$5,938m |
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$6,559m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$479m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 265.05: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,893.07: No change from yesterday’s data.
The Miners:
Goldcorp’s (GG) dividend, Barrick’s (ABX) Global Employee Share Plan, and Hecla’s (HL) loan investment from Ressources Quebec were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Alexco | AXU +7.52% $1.43 |
2. Alio Gold | ALO +7.23% $2.67 |
3. Avino | ASM +7.20% $1.34 |
LOSERS
1. Nevsun | NSU -3.06% $2.22 |
2. Gold Standard | GSV -1.23% $1.61 |
3. Paramount | PZG -0.78% $1.27 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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-- Published: Tuesday, 6 March 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain 1% and 2%
