• Gold: 1,267.76 -0.68
  • Silver: 17.19 -0.04
  • Euro: 1.089 -0.000
  • USDX: 99.041 -0.035
  • Oil: 49.33 0.02

March 21: Gold and Silver Gain While Stocks Drop Over 1%

Chris Mullen
|
Tuesday, March 21st
 

Close

Gain/Loss

Gold

$1244.60

+$10.00

Silver

$17.52

+$0.10

XAU

84.73

+1.39%

HUI

202.03

+1.95%

GDM

645.27

+1.27%

JSE Gold

1301.14

-6.86

USD

99.73

-0.60

Euro

108.13

+0.67

Yen

89.57

+1.70

Oil

$47.34

-$0.88

10-Year

2.419%

-0.045

T-Bond

150.09375

+1.09375

Dow

20668.01

-1.14%

Nasdaq

5793.93

-1.83%

S&P

2344.02

-1.24%

 
 
http://goldseek.com/news/GoldSeeker/2017/3-21gsr/1.jpg

The Metals:

 

Gold fell $7.80 to $1226.80 in Asia, but it then jumped to as high as $1247.60 in New York and ended with a gain of 0.81%. Silver surged to as high as $17.592 and ended with a gain of 0.57%.

 

Euro gold rose to about €1151, platinum lost $2 to $966, and copper fell 5 cents to about $2.62.

 

Gold and silver equities rose over 1% at the open before they drifted back lower into midday, but they then climbed back higher in afternoon trade and ended with almost 2% gains.

The Economy:

 

Report

For

Reading

Expected

Previous

Current Account Balance

Q4

-$112.4B

-$128.2B

-$116.0B

 

Tomorrow brings the FHFA Housing Price Index and Existing Home Sales.

 

The Markets:

 

http://goldseek.com/news/GoldSeeker/2017/3-21gsr/1.png

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

 

Oil fell nearly 2% ahead of tomorrow’s supply data.

 

The U.S. dollar index dropped back under 100 as the euro rose after last night’s French presidential debate was seemingly won by a euro supportive candidate.

 

Treasuries saw notable gains as the Dow, Nasdaq, and S&P dropped over 1% on concerns over whether or not President Trump can push his policies through Congress.

 

Among the big names making news in the market today were Deutsche Bank, Apple, Google, Marriott, General Mills, Twitter, and Goldman Sachs.

 

GATA Posts:

 

 

Last week's pops in gold and silver herald trend change, Turk tells KWN

 

The Statistics:

As of close of business: 3/20/2017

Gold Warehouse Stocks:

8,968,867.200

+32,076.96

Silver Warehouse Stocks:

189,282,997.680

+1,016,841.665

 

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

830.251

26,693,386

US$33,135m

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$5,526m

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$6,105m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$447m

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 3.849 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 197.82: No change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 10,342.04: +38.30 change from yesterday’s data.

 

The Miners:

 

Freeport’s (FCX) resumed production of copper concentrate at its Grasberg mine, Barrick Gold’s (ABX) arbitration claims, and Jaguar’s (JAG.TO) 2016 results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. Almaden

AAU +9.71% $1.13

2. Alexco

AXU +6.37% $1.67

3. Seabridge

SA +4.78% $12.05

LOSERS

1. Northern Dynasty

NAK -9.55% $1.42

2. Taseko

TGB -5.26% $1.26

3. Paramount

PZG -4.73% $1.61

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

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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2017

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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.

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