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Gold Seeker Closing Report: Gold and Silver End Near Unchanged in Mixed Trade
By: Chris Mullen,

 -- Published: Wednesday, 9 April 2014 | Print  | Disqus 



















JSE Gold
































The Metals:


Gold edged up to $1313.92 in Asia before it fell back to $1301.58 at about 9:30AM EST and then rose to as high as $1315.01 after the release of today’s fed minutes, but it then drifted back lower into the close and ended with a gain of just 0.18%.  Silver slipped to as low as $19.621 before it also rallied back higher, but it still ended with a loss of 0.65%.


Euro gold fell to about €946, platinum gained $2 to $1439, and copper remained at about $3.04.


Gold and silver equities fell about 1% at the open, but they then climbed back higher in the last couple of hours of trade and ended with modest gains.


The Economy:







Wholesale Inventories






Minutes from the fed’s March 19th meeting showed that, regarding interest rates:


“Several participants noted that the increase in the median projection overstated the shift in the projections.”


U.S. mortgage applications fell last week as refinance down -MBA Reuters

Growth Threatened in $693 Trillion Derivatives Review Bloomberg


Tomorrow brings Initial Jobless Claims, Export and Import Prices, and the Treasury Budget.


The Markets:


Charts Courtesy of


Oil climbed higher on worries about Libya and Ukraine.


The U.S. dollar index extended lower after the release of today’s dovish fed minutes pared early losses in treasuries.


The Dow, Nasdaq, and S&P rose on decent earning reports and dovish fed commentary.


Among the big names making news in the market today were Alcoa, GM, and Toyota.


GATA Posts:



SEC lawyer, retiring, says agency too timid with Wall Street misdeeds

Koos Jansen: China gold demand fell in last week of March but remains high

John Crudele: Did Goldman use HFT to rig markets for the U.S. government?


The Statistics:

Activity from: 4/08/2014

Gold Warehouse Stocks:



Silver Warehouse Stocks:




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




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 2.697 tonnes.


COMEX Gold Trust (IAU) Total Tonnes in Trust: 164.41: No change from yesterday’s data.


Silver Trust (SLV) Total Tonnes in Trust: 10,228.97: No change from yesterday’s data.


The Miners:


Barrick’s (ABX) executive pay plan, Seabridge Gold’s (SA) drill program, Centamin’s (CEE.TO) preliminary production results, Polyus Gold’s (PGIL.L) possible London delisting, Hecla’s (HL) preliminary production results, and Endeavour Silver’s (EXK) first quarter gold and silver production were among the big stories in the gold and silver mining industry making headlines today.



1.  Timmins

TGD +6.54% $1.45

2.  Turquoise

TRQ +6.51% $3.60

3.  Mines Management

MGN +6.14% $1.21



1.  Randgold

GOLD-2.64% $78.60

2.  SilverCrest

SVLC -2.11% $1.89

3.  Agnico-Eagle

AEM -2.01% $31.40

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


- 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:

© Gold Seeker 2014

Note: This article may be reproduced provided the article, in full, is used and mention to 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. 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’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.


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