• Gold: 1,194.76 1.50
  • Silver: 15.07 0.09
  • Euro: 1.142 0.002
  • USDX: 96.179 1.014
  • Oil: 67.63 0.2

March 6: Gold and Silver Gain 1% and 2%

Chris Mullen
|
Tuesday, March 6th

 

Close

Gain/Loss

Gold

$1333.70

+$14.10

Silver

$16.74

+$0.31

XAU

80.80

+2.15%

HUI

177.86

+2.01%

GDM

615.99

+2.08%

JSE Gold

1140.09

+31.92

USD

89.62

-0.38

Euro

124.10

+0.74

Yen

94.26

+0.01

Oil

$62.60

+$0.03

10-Year

2.884%

UNCH

T-Bond

144.1875

+0.0625

Dow

24884.12

+0.04%

Nasdaq

7372.01

+0.56%

S&P

2728.12

+0.26%

 
http://www.goldseek.com/news/2018/2018-03-06_14-15-26.jpg

 

The Metals:

 

Gold gained $18.90 to as high as $1338.50 in late morning New York trade before it edged back lower into the close, but it still ended with a gain of 1.07%. Silver rose to as high as $16.858 and ended with a gain of 1.89%.

 

Euro gold rose to about €1075, platinum gained $8 to $966, and copper climbed 4 cents to about $3.15.

 

Gold and silver equities rose over 2% in the first hour of trade and remained near that level for the rest of the day.

 

The Economy:

 

‘There’s no stopping it,’ warns Ron Paul: A ‘calamity’ could cut this market in half  MarketWatch

U.S. factory orders post biggest drop in six months  Reuters

Mortgage rates hit a more than 4-year high as investors brace for a more hawkish Fed  MarketWatch

Eyeing the easy money exit: Five questions for the ECB  Reuters

 

Tomorrow brings ADP Employment, International Trade, Productivity and Costs, and the fed’s Beige Book.

 

The Markets:

 

Oil held near unchanged ahead of tomorrow’s supply data.

 

The U.S. dollar index fell as traders shifted to higher-yielding currencies after talks between North and South Korea encouraged a move toward emerging markets.

 

Treasuries found modest gains as the Dow, Nasdaq, and S&P waffled near unchanged on political uncertainty.

 

Among the big names making news in the market today were Bumble, Just Eat, Aramco, Broadcom, Target, and PayPal.

 

GATA Posts:

 

 

How about just conducting government business -- and trading -- in public?

Real Vision's gold documentary confirms market rigging by governments

U.S. Libor exposures larger than thought at $200 trillion

 

The Statistics:

As of close of business: 3/5/2018

Gold Warehouse Stocks:

9,088,203.654

-45,442.059

Silver Warehouse Stocks:

251,715,708.107

-63,793.073

 

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

833.984

26,813,431

US$35,686m

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$5,938m

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$6,559m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$479m

 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: 9,893.07: No change from yesterday’s data.

 

The Miners:

 

Goldcorp’s (GG) dividend, Barrick’s (ABX) Global Employee Share Plan, and Hecla’s (HL) loan investment from Ressources Quebec were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Alexco

AXU +7.52% $1.43

2.  Alio Gold

ALO +7.23% $2.67

3.  Avino

ASM +7.20% $1.34

 

LOSERS

1.  Nevsun

NSU -3.06% $2.22

2.  Gold Standard

GSV -1.23% $1.61

3.  Paramount

PZG -0.78% $1.27

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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