• Gold: 1,225.01 -2.81
  • Silver: 15.49 -0.06
  • Euro: 1.165 0.001
  • USDX: 95.019 -0.014
  • Oil: 67.74 -0.21

March 15: Gold and Silver Fall Nearly 1%

Chris Mullen
|
Thursday, March 15th

 

Close

Gain/Loss

Gold

$1316.50

-$8.70

Silver

$16.39

-$0.16

XAU

78.81

-1.23%

HUI

171.57

-1.50%

GDM

600.49

-1.22%

JSE Gold

1067.94

-9.34

USD

90.15

+0.41

Euro

123.05

-0.62

Yen

94.11

-0.03

Oil

$61.19

+$0.23

10-Year

2.825%

+0.008

T-Bond

145.96875

+0.09375

Dow

24873.66

+0.47%

Nasdaq

7481.74

-0.20%

S&P

2747.33

-0.08%

 
http://www.goldseek.com/news/2018/2018-03-15_14-04-53.jpg

 

The Metals:

 

Gold edged up to $1327.90 in Asia before it dropped back to $1315.00 in midafternoon New York trade and then bounced back higher into the close, but it still ended with a loss of 0.66%. Silver slipped to as low as $16.366 and ended with a loss of 0.97%.

 

Euro gold fell to about €1070, platinum lost $9 to $950, and copper dropped 3 cents to about $3.11.

 

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

 

The Economy:

 

Home-builder confidence drops for third month in a row, NAHB says  MarketWatch

U.S. import prices rise more than expected in February  Reuters

Phill, Empire manufacturing gauges stay solid in March  MarketWatch

Jobless Claims in U.S. Decline for Third Time in Four Weeks  Bloomberg

 

Tomorrow brings Housing Starts, Industrial Production, Consumer Sentiment, and Job Openings.

 

The Markets:

 

Oil found modest gains on robust global demand indicators.

 

The U.S. dollar index climbed higher on mostly better than expected economic data.

 

Treasuries pared early losses and closed mixed along with the Dow, Nasdaq, and S&P on conflicting concerns about tariffs.

 

Among the big names making news in the market today were Virgin Atlantic, Unilever, Walmart, iHeartMedia, Toys ‘R’ Us, Home Depot, and Wells Fargo.

 

GATA Posts:

 

 

Wyoming ends all taxation of gold and silver coins and bullion

 

The Statistics:

As of close of business: 3/14/2018

Gold Warehouse Stocks:

9,075,254.780

-49,356.705

Silver Warehouse Stocks:

255,925,262.242

+2,221,866.77

 

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$35,344m

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$5,848m

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$6,459m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$473m

 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: No change from yesterday’s data.

 

The Miners:

 

Randgold’s (GOLD) engagement with the Democratic Republic of Congo, B2Gold’s (BTG) year end results, and Alexco’s (AXU) year end results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  NOAGOLD

NG +5.26% $4.20

2.  Alexco

AXU +4.41% $1.42

3.  Harmony

HMY +4.21% $2.23

 

LOSERS

1.  Buenaventura

BVN-3.05% $14.62

2.  Nevsun

NSU -2.92% $2.33

3.  Hecla

HL -2.77% $3.86

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

 

- Chris Mullen, Gold Seeker Report

 

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