• Gold: 1,248.21 -0.20
  • Silver: 14.57 -0.06
  • Euro: 1.138 -0.003
  • USDX: 96.514 -0.268
  • Oil: 52.13 0.41

March 26: Gold and Silver Gain Almost 1%

Chris Mullen
|
Monday, March 26th

 

Close

Gain/Loss

Gold

$1352.90

+$7.20

Silver

$16.69

+$0.16

XAU

82.50

+1.22%

HUI

178.97

+1.19%

GDM

626.21

+1.46%

JSE Gold

1129.86

-1.40

USD

89.05

-0.40

Euro

124.54

+0.98

Yen

95.00

-0.70

Oil

$65.55

-$0.33

10-Year

2.846%

+0.034

T-Bond

144.5625

-0.15625

Dow

24202.60

+2.84%

Nasdaq

7220.54

+3.26%

S&P

2658.55

+2.72%

 
http://www.goldseek.com/news/2018/2018-03-26_14-02-22.jpg

 

The Metals:

 

Gold climbed $10.10 to $1355.80 in late morning New York trade before it edged back lower into the close, but it still ended with a gain of 0.54%. Silver rose to as high as $16.785 and ended with a gain of 0.97%.

 

Euro gold fell to about €1087, platinum gained $8 to $950, and copper fell a couple of cents to about $2.98.

 

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

 

The Economy:

 

Fed's Dudley Says Bank Executives Should Share the Cost of Fines  Bloomberg

NY Fed's Dudley says regulators should increase focus on bank executives  Reuters

Robert Shiller: An economic crisis looms amid the chaos brought by Trump  MarketWatch

‘America First’ is a bad deal for everyone  MarketWatch

 

Tomorrow brings S&P Corelogic Case-Shiller HPI and Consumer Confidence.

 

The Markets:

 

Oil edged lower on profit taking from last week’s gains.

 

The U.S. dollar index dropped as the euro rose on talk of the ECB raising interest rates as early as the start of next year.

 

Treasuries traded mostly lower as the Dow, Nasdaq, and S&P gained roughly 3% on easing trade tensions.

 

Among the big names making news in the market today were GE, Uber, Remington, Facebook, Toys ‘R’ Us’, and Microsoft.

 

GATA Posts:

 

 

China's attempts to supplant dollar face historic difficulties

West Virginia congressman introduces gold standard legislation ...

Ed Steer: A stunning silver CoT report, one for the ages

China signals it could ease Treasury purchases to counter Trump

Crypto has just found a friendly island in the sun

 

The Statistics:

As of close of business: 3/23/2018

Gold Warehouse Stocks:

9,060,591.220

-

Silver Warehouse Stocks:

258,923,030.073

-80,009.23

 

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

850.543

27,345,794

US$36,972m

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$6,021m

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$6,652m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$486m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 270.34: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,893.08: -49.82 change from yesterday’s data.

 

The Miners:

 

Kinross Gold’s (KGC) regulatory investigation and New Gold’s (NGD) board changes were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Harmony

HMY +7.30% $2.50

2.  Sibanye

SBGL +5.88% $4.14

3.  Silvercorp

SVM +4.06% $2.82

 

LOSERS

1.  Pretivm

PVG -5.26% $6.67

2.  Americas Silver

USAS -3.84% $3.51

3.  Alamos Gold

AGI -3.15% $5.23

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

 

- Chris Mullen, Gold Seeker Report

 

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

© Gold Seeker 2018

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