March 16: Gold and Silver Gain Again
Gold gained $8.80 to $1228.80 in Asia before it dropped back to $1223.40 in London, but it then climbed to a new session high of $1233.40 in New York and ended with a gain of 0.52%. Silver rose to as high as $17.551 before it fell back to $17.244 in early afternoon New York trade, but it then bounced back higher into the close and ended with a gain of 0.06%.
Euro gold rose to about €1139, platinum gained $2.75 to $954, and copper climbed a couple of cents to about $2.69.
Gold and silver equities opened up over 2% higher before they fell to see about 1% losses by midmorning, but they then chopped back higher at times and ended near unchanged on the day.
JOLTS - Job Openings
Tomorrow brings Industrial Production, Capacity Utilization, Leading Indicators, and Michigan Sentiment.
Charts Courtesy of http://finance.yahoo.com/
Oil saw slight losses in mixed trade after yesterday’s stockpile drop was offset by expectations for rising US output.
The U.S. dollar index fell in continued reaction to yesterday’s dovish fed statement.
Treasuries followed U.K. bonds down after the Bank of England held interest rates unchanged at 0.25%, but drew one vote in favor of a hike.
The Dow, Nasdaq, and S&P traded mostly lower on uncertainty over whether or not recent central bank moves can continue in the same direction in the future.
Among the big names making news in the market today were Peabody, HSBC, Tyson, Tesla, Oracle, GoPro, and Dollar General.
As of close of business: 3/15/2017
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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
Johannesburg Securities Exchange (JSE)
New Gold Debentures
Note: Change in Total Tonnes from yesterday’s data: SPDR added 4.442 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 197.22: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,303.74: No change from yesterday’s data.
Comstock’s (LODE) upcoming presentation, B2Gold’s (BTG) 2016 results, and Endeavour Silver’s (EXK) exploration drilling were among the big stories in the gold and silver mining industry making headlines today.
PZG +3.61% $1.72
ASM +2.86% $1.87
AUY +2.17% $2.83
1. Endeavour Silver
EXK -4.37% $3.28
HMY -3.23% $2.40
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
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.