• Gold: 1,268.37 3.40
  • Silver: 17.22 -0.07
  • Euro: 1.089 0.002
  • USDX: 99.048 -0.028
  • Oil: 49.1 -0.21

March 13: Gold and Silver End Near Unchanged As Markets Await Fed

Chris Mullen
|
Monday, March 13th
 

Close

Gain/Loss

Gold

$1204.60

+$0.20

Silver

$16.97

-$0.07

XAU

80.40

+0.75%

HUI

187.89

+0.66%

GDM

612.03

+1.52%

JSE Gold

1220.54

+32.28

USD

101.37

+0.09

Euro

106.56

-0.33

Yen

87.10

-0.06

Oil

$48.40

-$0.09

10-Year

2.617%

+0.039

T-Bond

146.28125

-0.5625

Dow

20881.48

-0.10%

Nasdaq

5875.78

+0.24%

S&P

2373.47

+0.04%

 
 
http://goldseek.com/news/GoldSeeker/2017/3-13gsr/1.jpg

The Metals:

 

Gold gained $6.60 to $1211.00 in Asia before it dropped back to $1202.50 in midmorning New York trade, but it then chopped back higher at times and ended with a gain of 0.02%. Silver rose to as high as $17.143 before it dropped back to $16.951 and then also bounced back higher, but it still ended with a loss of 0.41%.

 

Euro gold rose to about €1131, platinum remained at $938, and copper climbed 3 cents to about $2.63.

 

Gold and silver equities rose roughly 1% in the first half hour of trade and remained near that level for the rest of the day.

The Economy:

 

At the Fed, spring comes early with return to new 'normal' Reuters

Fed expected to send hawkish signals with the dot plot MarketWatch

Fed's on thin ice in a Trump administration, expert says MarketWatch

The Fed's Yellen has the power to determine the success of Trump's presidency MarketWatch

 

Tomorrow brings PPI.

 

The Markets:

 

http://goldseek.com/news/GoldSeeker/2017/3-13gsr/1.png

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

 

Oil edged lower on rising US shale production numbers.

 

The U.S. dollar index, treasuries, and the Dow, Nasdaq, and S&P all held near unchanged as traders await economic data and fed announcements later in the week.

 

Among the big names making news in the market today were Turkish Airlines, Toshiba, Intel and Mobileye, and Boeing.

 

GATA Posts:

 

 

Market drift suggests some investors may be trading on U.K. data ahead of release

Accurate account of Klondike Gold Rush turns mythology on its head

Gold fund manager Egon von Greyerz interviewed by Grant Williams for Real Vision

Ed Steer's Gold & Silver Daily letter for Saturday posted at GoldSeek

India's gold paperization scheme is a total flop

Ronan Manly: Mexico's earmarked gold bars at the Bank of England's vaults

 

The Statistics:

As of close of business: 3/10/2017

Gold Warehouse Stocks:

8,893,365.207

-

Silver Warehouse Stocks:

186,738,837.040

+1,998.90

 

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

825.216

26,531,505

US$31,945m

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$5,353m

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$5,918m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$432m

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 8.885 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 196.92: -0.30 change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 10,268.39: No change from yesterday’s data.

 

The Miners:

 

Gold Fields’ (GFI) drop in first quarter production and Hecla’s (HL) labor strike were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. Taseko

TGB +11.02% $1.31

2. Exeter

XRA +9.08% $1.19

3. McEwen

MUX +7.19% $3.28

LOSERS

1. New Gold

NGD -4.14% $2.78

2. First Majestic

AG -2.17% $7.67

3. IAMGOLD

IAG -1.64% $3.60

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

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