March 7: Gold and Silver Fall With Stocks Once More
Gold held near unchanged in Asia, but it then fell back off in London and New York and ended near its late session low of $1214.20 with a loss of 0.83%. Silver slipped to as low as $17.468 and ended with a loss of 1.63%.
Euro gold fell to about €1150, platinum lost $20 to $957, and copper fell 4 cents to about $2.62.
Gold and silver equities fell nearly 2% at the open before they rose to see over 1% gains in late morning trade, but they then drifted back lower in early afternoon action and ended with almost 1% losses on the day.
Tomorrow brings ADP Employment, Productivity, and Wholesale Inventories.
Charts Courtesy of http://finance.yahoo.com/
Oil edged lower in mixed trade as OPEC cuts continue to be offset by rising US production.
The U.S. dollar index saw slight gains and treasuries fell on the outlook for an interest rate hike by the fed next week.
The Dow, Nasdaq, and S&P traded mostly lower on apprehension over upcoming central bank meetings.
Among the big names making news in the market today were Iflix, Ford, Snap, Pandora, RadioShack, and HPE and Nimble Storage.
As of close of business: 3/6/2017
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 subtracted 3.81 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 197.52: -0.39 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,350.88: No change from yesterday’s data.
XRA +5.41% $1.17
2. Gold Standard
GSV +2.99% $2.41
3. Gold Resource
GORO +1.84% $4.42
1. Northern Dynasty
NAK -15.0% $1.19
PZG -7.95% $1.62
NSU -3.91% $2.46
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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