• Gold: 1,244.12 -0.12
  • Silver: 14.52 -0.00
  • Euro: 1.135 -0.000
  • USDX: 97.198 0.684
  • Oil: 50.88 -1.25

March 13: Gold and Silver Gain But Miners Struggle With Stocks

Chris Mullen
|
Tuesday, March 13th

 

Close

Gain/Loss

Gold

$1325.80

+$2.10

Silver

$16.57

+$0.02

XAU

79.70

+0.04%

HUI

174.25

-0.09%

GDM

606.84

-0.03%

JSE Gold

1090.13

-15.81

USD

89.74

-0.14

Euro

123.90

+0.48

Yen

93.88

-0.18

Oil

$60.71

-$0.65

10-Year

2.847%

-0.020

T-Bond

145.15625

+0.40625

Dow

25007.03

-0.68%

Nasdaq

7511.01

-1.02%

S&P

2765.31

-0.64%

 
http://www.goldseek.com/news/2018/2018-03-13_14-06-04.jpg

 

The Metals:

 

Gold fell $6.60 to $1317.10 in Asia before it jumped up to $1327.50 in early New York trade and then dropped back down to $1318.70 by a little after 10AM EST, but it then climbed to a new session high of $1328.30 in early afternoon trade and ended with a gain of 0.16%. Silver rose to as high as $16.652 and ended with a gain of 0.12%.

 

Euro gold fell to about €1070, platinum gained $0.50 to $962.50, and copper climbed a penny to about $3.13.

 

Gold and silver equities waffled near unchanged and ended mixed.

 

The Economy:

 

Trump ousts Tillerson, will replace him as secretary of state with CIA chief Pompeo  The Washington Post

U.S. consumer prices slow in February; rents moderate  Reuters

Consumer inflation less threatening in February, CPI shows  MarketWatch

U.S. Inflation Firmed in February Without Outsize Acceleration  Bloomberg

 

Tomorrow brings PPI, Retail Sales, and Business Inventories.

 

The Markets:

 

Oil fell over 1% more on continued concerns about rising US production.

 

The U.S. dollar index dropped and treasuries rose on political uncertainty that sent the Dow, Nasdaq, and S&P roughly 1% lower.

 

Among the big names making news in the market today were Dick’s, Greencore, GE, Broadcom, Boeing, Apple, and Amazon.

 

GATA Posts:

 

 

Hungary's central bank to repatriate its 3 tonnes of gold from London

 

The Statistics:

As of close of business: 3/12/2018

Gold Warehouse Stocks:

9,124,611.485

-

Silver Warehouse Stocks:

253,313,391.542

+1,203,359.028

 

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

833.730

26,805,241

US$35,452m

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$5,893m

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$6,507m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$476m

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: 9,922.39: +29.32 change from yesterday’s data.

 

The Miners:

 

Turquoise Hill’s (TRQ) information request from the Mongolian Anti-Corruption Authority and Paramount’s (PZG) approvals from Oregon were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Paramount

PZG +3.91% $1.33

2.  Taseko

TGB +3.65% $1.42

3.  Alamos

AGI +3.04% $5.08

 

LOSERS

1.  Pretivm

PVG -2.96% $6.89

2.  Buenaventura

BVN -2.84% $15.08

3.  Eldorado

EGO -2.70% $1.08

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 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.

No votes yet

Article Comments

Sponsored Links

Live SilverSeek Map