LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page >> News >> Story  Disclaimer 
Latest Headlines to Launch New Website

Is Gold Price Action Warning Of Imminent Monetary Collapse Part 2?
By: Hubert Moolman

Gold and Silver Are Just Getting Started
By: Frank Holmes, US Funds

Silver Makes High Wave Candle at Target – Here’s What to Expect…
By: Clive Maund

Gold Blows Through Upside Resistance - The Chase Is On
By: Avi Gilburt

U.S. Mint To Reduce Gold & Silver Eagle Production Over The Next 12-18 Months
By: Steve St. Angelo, SRSrocco Report

Gold's sharp rise throws Financial Times into an erroneous sulk
By: Chris Powell, GATA

Precious Metals Update Video: Gold's unusual strength
By: Ira Epstein

Asian Metals Market Update: July-29-2020
By: Chintan Karnani, Insignia Consultants

Gold's rise is a 'mystery' because journalism always fails to pursue it
By: Chris Powell, GATA


GoldSeek Web

Gold Seeker Closing Report: Gold and Silver Give Back Much of Yesterday’s Gains
By: Chris Mullen, Gold Seeker Report

 -- Published: Wednesday, 7 March 2018 | Print  | Disqus 



















JSE Gold































The Metals:


Gold fell $10.90 to $1322.80 in early afternoon New York trade before it edged back higher into the close, but it still ended with a loss of 0.64%. Silver slipped to as low as $16.437 and ended with a loss of 1.55%.


Euro gold fell to about €1068, platinum lost $16 to $950, and copper dropped 2 cents to about $3.13.


Gold and silver equities fell over 2% in the first two hours of trade and remained near that level for the rest of the day.


The Economy:


Companies in U.S. Add More Jobs Than Expected, ADP Data Show  Bloomberg

U.S. fourth-quarter unit labor costs revised higher  Reuters

U.S. trade deficit in January hits nearly 10-year high  MarketWatch

U.S. mortgage requests steady as borrowing costs hit four-year high: MBA  Reuters


Tomorrow brings Initial Jobless Claims.


The Markets:


Oil fell over 2% after the Energy Information Administration reported that crude inventories rose 2.4 million barrels, gasoline inventories fell 800,000 barrels, and distillates fell 600,000 barrels.


The U.S. dollar index traded mixed along with treasuries on uncertainty over tariffs following the resignation of Gary Cohn, the director of the National Economic Council and a top economic adviser to U.S. President Donald Trump.


The Dow, Nasdaq, and S&P fell roughly 1% by midday, but they then rallied back higher into the close and ended mixed on signs that Trump’s tariff proposals may include exclusions for key partners.


Among the big names making news in the market today were Dollar Tree, Broadcom, GE, Exxon, Brown-Forman, McDonald's, and Abercrombie & Fitch.


GATA Posts:



Robert Lambourne: Use of gold derivatives by BIS declines by 55 tonnes in February


The Statistics:

As of close of business: 3/6/2018

Gold Warehouse Stocks:



Silver Warehouse Stocks:




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




London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities




London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold




Australian Stock Exchange (ASX)

Gold Bullion Securities




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:



1.  Americas Silver

USAS +2.28% $3.59

2.  Nevsun

NSU +1.80% $2.26

3.  Turquoise

TRQ +0.93% $3.27



1.  Harmony

HMY -5.73% $2.14

2.  Avino

ASM -5.22% $1.27

3.  Sandstorm

SAND -4.36% $4.61

Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.


- 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 2018

Note: This article may be reproduced provided the article, in full, is used and mention to 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. 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’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.


| Digg This Article
 -- Published: Wednesday, 7 March 2018 | E-Mail  | Print  | Source:

comments powered by Disqus


Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to >> Story

E-mail Page  | Print  | Disclaimer 

© 1995 - 2019 Supports

©, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


The views contained here may not represent the views of, Gold Seek LLC, its affiliates or advertisers., Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of, Gold Seek LLC, is strictly prohibited. In no event shall, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.