-- Published: Monday, 14 April 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1326.70 | +$8.90 |
Silver | $19.99 | +$0.04 |
XAU | 93.82 | +1.38% |
HUI | 229.15 | +1.49% |
GDM | 680.60 | +1.14% |
JSE Gold | 1551.14 | +14.90 |
USD | 79.74 | +0.24 |
Euro | 138.18 | -0.59 |
Yen | 94.25 | -0.17 |
Oil | $104.05 | +$0.31 |
10-Year | 2.639% | +0.020 |
Bond | 134.53125 | -0.25 |
Dow | 16173.24 | 0.91% |
Nasdaq | 4022.69 | +0.57% |
S&P | 1830.61 | +0.82% |
The Metals:
Gold climbed to $1329.58 in Asia before it fell back to $1321.11 in London and then rose to a new session high of $1331.01 by late morning in New York, but it then fell back off a bit midday and ended with a gain of just 0.68%. Silver rose to as high as $20.136 in Asia before it dropped back to $19.74 and then also rallied back higher, but it ended with a gain of just 0.2%.
Euro gold jumped to about €960, platinum gained $9 to $1461, and copper remained at about $3.04.
Gold and silver equities rose over 1% at the open and over 2% by late morning before they fell back off in late trade, but they still ended with over 1% gains.
The Economy:
Report | For | Reading | Expected | Previous |
Retail Sales | Mar | 1.1% | 1.0% | 0.7% |
Retail Sales ex-auto | Mar | 0.7% | 0.5% | 0.3% |
Business Inventories | Feb | 0.4% | 0.6% | 0.4% |
U.S. Deficit Cut by Almost One-Third to $492 Billion: CBO Bloomberg
Tomorrow brings CPI, Empire Manufacturing, Net Long-Term TIC Flows, and the NAHB Housing Market Index.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil climbed higher on increased worries about rising tensions in Ukraine.
The U.S. dollar index rose on decent economic data while the euro fell on more dovish comments from ECB president Draghi.
Treasuries fell as the Dow, Nasdaq, and S&P saw decent gains on optimism about the economy.
Among the big names making news in the market today were TIAA-CREF, Endurance, Citigroup, CME Group, and Glencore.
GATA Posts:
ECB policymakers plot QE road map
Economists notwithstanding, Indians know how to put their gold to work
Question Greenspan about gold at the New Orleans conference in October
Koos Jansen: Shanghai withdrawals falling but still above last year's
The Statistics:
Activity from: 4/10/2014
Gold Warehouse Stocks: | 7,917,941.645 | +158,397.683 |
Silver Warehouse Stocks: | 177,163,569.238 | -9,919.484 |
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 | 804.423 | 25,863,016 | US$34,080m |
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$5,893m |
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$476m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 40.38 | 1,298,280 | US$1,714m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.798 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:
Goldcorp’s (GG) review of the Osisko (OSK.TO)/Yamana (AUY) proposal and Fortuna’s (FSM) first quarter 2014 production figures were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Mines Management | MGN +8.85% $1.23 |
2. Comstock | LODE +7.05% $1.67 |
3. Fortuna | FSM +5.03% $3.97 |
LOSERS
1. Nevsun | NSU -14.03% $3.49 |
2. McEwen | MUX -3.64% $2.38 |
3. SilverCrest | SVLC -2.75% $1.77 |
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: Monday, 14 April 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain With Stocks and Dollar
