• Gold: 1,227.56 1.17
  • Silver: 14.65 0.02
  • Euro: 1.151 0.000
  • USDX: 95.713 -0.243
  • Oil: 69.47 -0.16

March 9: Gold and Silver Find Slight Gains on the Week

Chris Mullen
|
Friday, March 9th

 

Close

Gain/Loss

On Week

Gold

$1323.50

+$1.40

+0.12%

Silver

$16.58

+$0.10

+0.42%

XAU

78.90

-0.09%

+0.19%

HUI

172.92

-0.36%

-0.04%

GDM

603.40

-0.33%

+0.24%

JSE Gold

1126.62

+6.28

+1.72%

USD

90.13

UNCH

+0.21%

Euro

123.08

-0.07

-0.16%

Yen

93.69

-0.46

-1.02%

Oil

$62.04

+$1.92

+1.29%

10-Year

2.897%

+0.037

+1.29%

Bond

144.0625

-0.53125

-0.17%

Dow

25335.74

+1.77%

+3.25%

Nasdaq

7560.81

+1.79%

+4.17%

S&P

2786.57

+1.74%

+3.54%

 
http://www.goldseek.com/news/2018/2018-03-09_14-01-41.jpg

 

The Metals:

 

Gold fell $9.20 to $1312.90 at about 8:30AM EST before it rallied back to $1324.90 by midday and then drifted lower into the close, but it still ended with a gain of 0.11%. Silver chopped between $16.347 and $16.672 and ended with a gain of 0.61%.

 

Euro gold rose above €1075, platinum gained $12 to $962, and copper climbed 6 cents to about $3.13.

 

Gold and silver equities waffled near unchanged and ended slightly lower.

 

The Economy:

 

US January final wholesale inventories 0.8% vs 0.7% expected  forexlive

U.S. Added 313,000 Jobs in February; Wage Gains Slow to 2.6%  Bloomberg

U.S. nonfarm payrolls post largest gain in one-and-a-half years  Reuters

 

The Markets:

 

Oil rose over 3% on easing geopolitical risk concerns after U.S. President Donald Trump and North Korea’s Kim Jong Un announced plans to meet face-to-face by the end of May.

 

The U.S. dollar index held near unchanged on concerns about slowing wage growth.

 

Treasuries fell as the Dow, Nasdaq, and S&P gained nearly 2% on economic optimism.

 

Among the big names making news in the market Friday were Amazon, Bombardier, Toys ‘R’ Us, Tesla, and Netflix.

 

GATA Posts:

 

 

Ted Butler: JPMorgan's motive for controlling the silver price

 

The Statistics:

Activity from: 3/8/2018

Gold Warehouse Stocks:

9,124,643.635

-964.50

Silver Warehouse Stocks:

252,283,642.524

+575,972.845

 

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

833.730

26,805,241

US$35,396m

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$5,881m

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$6,492m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$475m

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:

 

WINNERS

1.  Taseko

TGB +11.38% $1.37

2.  Pretivm

PVG +5.94% $6.96

3.  Avino

ASM +4.73% $1.34

 

LOSERS

1.  Yamana

AUY -5.42% $2.62

2.  Harmony

HMY -3.93% $2.20

3.  New Gold

NGD -3.20% $2.42

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

 

- Chris Mullen, Gold Seeker Report

 

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© Gold Seeker 2018

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