-- Published: Wednesday, 9 April 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1311.10 | +$2.30 |
Silver | $19.88 | -$0.13 |
XAU | 95.89 | +0.62% |
HUI | 233.33 | +0.65% |
GDM | 693.36 | +0.72% |
JSE Gold | 1509.86 | +11.58 |
USD | 79.50 | -0.25 |
Euro | 138.55 | +0.58 |
Yen | 98.06 | -0.18 |
Oil | $103.60 | +$1.04 |
10-Year | 2.684% | +0.003 |
Bond | 133.28125 | -0.375 |
Dow | 16437.18 | +1.11% |
Nasdaq | 4183.90 | +1.72% |
S&P | 1872.18 | +1.09% |
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:
Report | For | Reading | Expected | Previous |
Wholesale Inventories | Feb | 0.5% | 0.5% | 0.8% |
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 http://finance.yahoo.com/
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: | 7,745,341.392 | -116,194.072 |
Silver Warehouse Stocks: | 177,223,945.136 | -1,061,231.26 |
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 | 806.483 | 25,929,248 | US$33,937m |
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$5,801m |
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$8,004m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$469m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 40.14 | 1,290,619 | US$1,677m |
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.
WINNERS
1. Timmins | TGD +6.54% $1.45 |
2. Turquoise | TRQ +6.51% $3.60 |
3. Mines Management | MGN +6.14% $1.21 |
LOSERS
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
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-- Published: Wednesday, 9 April 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Near Unchanged in Mixed Trade
