Gold Seeker Weekly Wrap-Up: Gold and Silver Find Slight Gains on the Week
| 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% |
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 EUR1075, 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.
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(R) Gold Shares | 833.730 | 26,805,241 | US$35,396m |
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$5,881m |
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$6,492m |
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.
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
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
Additional Resources for today's Gold Seeker Report can be found:
http://www.capitalupdates.com http://www.goldseek.com http://www.silverseek.com http://www.goldreview.com(C) Gold Seeker 2018
Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.
Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com's control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.