Gold Seeker Weekly Wrap-Up: Gold and Silver End Slightly Lower on the Week
| Close | Gain/Loss | On Week |
Gold | $1321.90 | +$6.60 | -0.56% |
Silver | $16.51 | +$0.02 | -0.06% |
XAU | 78.75 | -0.23% | -2.21% |
HUI | 172.99 | -0.16% | -2.11% |
GDM | 601.93 | +0.02% | -1.94% |
JSE Gold | 1107.57 | +41.26 | +1.65% |
USD | 89.94 | -0.33 | +0.02% |
Euro | 123.28 | +0.62 | +0.24% |
Yen | 94.66 | +0.42 | +0.95% |
Oil | $61.25 | +$0.26 | -3.62% |
10-Year | 2.860% | +0.053 | -0.24% |
Bond | 144.3125 | -1.03125 | +0.13% |
Dow | 24538.06 | -0.29% | -3.05% |
Nasdaq | 7257.87 | +1.08% | -1.08% |
S&P | 2691.25 | +0.51% | -2.04% |
The Metals:
Gold rose $10 to $1325.30 at about 9AM EST before it nearly erased that advance in the next few hours, but it then bounced back higher in afternoon trade and ended with a gain of 0.5%. Silver rose to as high as $16.573 and ended with a gain of 0.12%.
Euro gold fell to about EUR1072, platinum lost $1 to $963, and copper remained at about $3.11.
Gold and silver equities waffled near unchanged and ended mixed.
U.S. Consumer Sentiment at Second-Highest Level Since 2004 Bloomberg
Trump defiant after criticism of steel and aluminum tariffs Reuters
Trump's tariffs mean higher prices and maybe even beer in plastic bags MarketWatch
The Markets:
Oil edged higher after "Baker Hughes said the number of rigs drilling for U.S. crude rose by one unit to 800 this week."
The U.S. dollar index continued to fall on concerns over a global trade war.
Treasuries dropped as the Dow, Nasdaq, and S&P reversed notable morning losses and ended mixed on hopes that trade tensions will not escalate any further.
Among the big names making news in the market Friday were Delta, McDonald's, Bitcoin, and Schlumberger.
GATA Posts:
GoldCore's executives note government manipulation of gold market
Texas endowment to review $1 billion gold position, new CEO says
Only stupid, naive, or complicit can deny gold market rigging now, Embry says
The Statistics:
Activity from: 3/1/2018
Gold Warehouse Stocks: | 9,133,645.713 | - |
Silver Warehouse Stocks: | 252,002,018.723 | -619,867.99 |
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(R) Gold Shares | 833.984 | 26,813,431 | US$35,444m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb?rse (Deutsche B?rse - Xetra) | Gold Bullion Securities | 138.13 | 4,441,056 | US$5,862m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb?rse (Deutsche B?rse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 152.66 | 4,908,200 | US$6,479m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$474m |
Note: Change in Total Tonnes from yesterday's data: SPDR added 2.95 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 265.11: -0.89 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,847.08: No change from yesterday's data.
WINNERS
1. Nevsun | NSU +4.09% $2.29 |
2. Paramount | PZG +4.03% $1.29 |
3. Avino | ASM +3.17% $1.30 |
LOSERS
1. Taseko | TGB -7.91% $1.28 |
2. Great Panther | GPL -4.13% $1.16 |
3. NOVAGOLD | NG -3.24% $3.88 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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