Gold Seeker Closing Report: Gold and Silver Fall Before Fed Day
| Close | Gain/Loss |
Gold | $1310.40 | -$6.40 |
Silver | $16.20 | -$0.13 |
XAU | 78.13 | -0.68% |
HUI | 169.21 | -1.11% |
GDM | 594.85 | -0.78% |
JSE Gold | 1066.77 | +5.10 |
USD | 90.41 | +0.54 |
Euro | 122.46 | -0.92 |
Yen | 94.08 | -0.15 |
Oil | $63.40 | +$1.34 |
10-Year | 2.887% | +0.035 |
T-Bond | 144.8125 | -0.71875 |
Dow | 24727.27 | +0.47% |
Nasdaq | 7364.30 | +0.27% |
S&P | 2716.94 | +0.15% |
The Metals:
Gold fell $9.60 to $1307.20 at about 10:30AM EST before it climbed back higher into midday, but it still ended with a loss of 0.49%. Silver slipped to as low as $16.116 and ended with a loss of 0.80%.
Euro gold rose to about EUR1070, platinum lost $10 to $941, and copper dropped 4 cents to about $3.03.
Gold and silver equities fell roughly 1% in the first hour of trade and remained near that level for the rest of the day.
Fed Seen Sticking With Three 2018 Rate Hikes, May Hint at Fourth Bloomberg
This bullish economic news is a warning for the stock market MarketWatch
The Fed easily could make stocks spring higher, says J.P. Morgan MarketWatch
Tomorrow brings Existing Home Sales and a FOMC Meeting Announcement and Press Conference.
The Markets:
Oil gained over 2% on concerns about rising tensions between Saudi Arabia and Iran.
The U.S. dollar index rose and treasuries fell as the Dow, Nasdaq, and S&P traded mostly higher ahead of tomorrow's fed announcement.
Among the big names making news in the market today were Google, General Dynamics, Toys 'R' Us, and Facebook.
GATA Posts:
Ted Butler: Bear Stearns -- a different opinion
The Statistics:
As of close of business: 3/19/2018
Gold Warehouse Stocks: | 9,060,591.220 | -9,840.61 |
Silver Warehouse Stocks: | 257,451,421.943 | +594,068.841 |
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 | 850.838 | 27,355,277 | US$35,855m |
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$5,822m |
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$6,435m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$470m |
Note: Change in Total Tonnes from yesterday's data: SPDR added 10.619 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 270.04: +4.00 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,942.90: +20.51 change from yesterday's data.
B2Gold's (BTG) legal standing in Mali and Polyus' (PLZL) expanding output in Russia were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Sandstorm | SAND +3.59% $4.62 |
2. Great Panther | GPL +2.54% $1.21 |
3. Freeport | FCX +2.44% $18.49 |
LOSERS
1. Coeur | CDE -5.50% $7.39 |
2. Alio Gold | ALO -5.31% $2.05 |
3. Gold Standard | GSV -4.17% $1.61 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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