-- Published: Thursday, 17 April 2014 | Print | Disqus
Please Note: US Markets are closed tomorrow for Good Friday.
| Close | Gain/Loss | On Week |
Gold | $1294.90 | -$8.20 | -1.74% |
Silver | $19.63 | -$0.04 | -1.60% |
XAU | 90.17 | -0.72% | -2.68% |
HUI | 219.81 | -0.92% | -2.89% |
GDM | 654.66 | -0.88% | -2.89% |
JSE Gold | 1498.72 | +1.68 | -2.44% |
USD | 79.86 | +0.03 | +0.45% |
Euro | 138.13 | -0.03 | -0.50% |
Yen | 97.62 | -0.18 | -0.78% |
Oil | $104.30 | +$0.54 | +0.54% |
10-Year | 2.721% | +0.084 | +3.89% |
Bond | 133.75 | -1.125 | -0.79% |
Dow | 16408.54 | -0.10% | +2.38% |
Nasdaq | 4095.51 | +0.23% | +2.39% |
S&P | 1864.85 | +0.14% | +2.71% |
The Metals:
Gold fell to $1296.56 in Asia before it rebounded to $1304.09 in London, but it then fell to a new session low of $1293.29 in New York and ended with a loss of 0.63%. Silver slipped to $19.51 before it bounced back to $19.724 and then also fell back off, but it ended with a loss of just 0.2%.
Euro gold fell to about €937, platinum lost $25.20 to $1408, and copper climbed a couple of cents to about $3.05.
Gold and silver equities waffled near unchanged and ended with modest losses.
The Economy:
All of this week’s economic reports:
NAHB Housing Market Index - April | 47 v. 46 |
Next week’s economic highlights include Leading Indicators on Monday, the FHFA Housing Price Index and Existing Home Sales on Tuesday, New Home Sales on Wednesday, Initial Jobless Claims and Durable Goods Orders on Thursday, and Michigan Sentiment on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil traded mostly higher on worries about Ukraine over the long weekend.
The U.S. dollar index reversed early losses and treasuries fell “after the United States, Russia, Ukraine and the European Union issued a joint statement calling for the end of violence in eastern Ukraine.”
The Dow, Nasdaq, and S&P waffled near unchanged on mixed earnings reports.
Among the big names making news in the market today were UnitedHealth, Travelocity, DuPont, IBM, Philip Morris, Schlumberger, Google, PepsiCo, GE, Goldman Sachs, Morgan Stanley, Weibo, BlackRock, and Post Holdings.
GATA Posts:
Asia takes every ounce West unloads but gold will fall for two years, GFMS says
Paper gold falls in West but premium for real metal jumps in India
Conspiracy fact: Top central bankers meet secretly every six weeks at BIS
The Statistics:
Activity from: 4/16/2014
Gold Warehouse Stocks: | 7,917,588.035 | -353.61 |
Silver Warehouse Stocks: | 176,793,648.453 | -802,042.93 |
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 | 798.431 | 25,670,352 | US$33,336m |
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$5,773m |
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$465m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 40.38 | 1,298,209 | US$1,685m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 8.389 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:
AuRico’s (AUQ) Advance Notice By-Law, Timberline’s (TLR) amended agreement with Wolfpack (WFP.V), Santacruz Silver’s (SCZ.V) first quarter production results, and Avino’s (ASM) fourth quarter results were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Turquoise | TRQ +7.38% $3.84 |
2. Almaden | AAU +6.20% $1.37 |
3. Comstock | LODE +2.42% $1.69 |
LOSERS
1. Mag Silver | MVG -7.49% $6.55 |
2. Solitario | XPL -5.74% $1.15 |
3. Avino | ASM -4.29% $1.56 |
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: Thursday, 17 April 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Almost 2% on the Week
