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Gold Seeker Closing Report: Gold and Silver End Slightly Lower
By: Chris Mullen, Gold-Seeker.com

 -- Published: Monday, 21 April 2014 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1290.00

-$4.90

Silver

$19.42

-$0.21

XAU

89.90

-0.30%

HUI

219.28

-0.23%

GDM

651.47

-0.51%

JSE Gold

1498.72

+1.68

USD

79.95

+0.09

Euro

137.95

-0.19

Yen

97.46

-0.21

Oil

$104.37

+$0.07

10-Year

2.721%

UNCH

Bond

133.84375

-0.0625

Dow

16449.25

+0.25%

Nasdaq

4121.54

+0.64%

S&P

1871.89

+0.38%

 
 

 

The Metals:

 

Gold fell $11.92 to $1282.98 at about 8:20AM EST before it bounced back to $1291.21 in the next 45 minutes of trade, but it then chopped back lower midday and ended with a loss of 0.38%.  Silver slipped to as low as $19.297 and ended with a loss of 1.07%.

 

Euro gold fell to about €935, platinum lost $11.15 to $1396.85, and copper fell slightly to about $3.04.

 

Gold and silver equities fell over 1% by early afternoon, but they then rallied back higher in the last few hours of trade and ended with only modest losses.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Leading Indicators

Mar

0.8%

0.8%

0.5%

 

Tax Day Tax Revenue Set All-Time Record CNS News

 

Tomorrow brings the FHFA Housing Price Index and Existing Home Sales.

 

The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil ended slightly higher in mixed trade.

 

The U.S. dollar index rose as the yen fell after Japan’s trade deficit widened more than expected.

 

Treasuries ended modestly lower as the Dow, Nasdaq, and S&P traded mostly higher on optimism over earnings season.

 

Among the big names making news in the market today were Halliburton, Mt. Gox, Nokia and Microsoft, and Pfizer and AstraZeneca.

 

GATA Posts:

 

 

New York Sun: Piketty's gold?

Sprott cites GATA consultant on Chinese demand, notes paper bombing of gold

Barrick and Newmont reported to remain eager for merger

 

The Statistics:

Activity from: 4/17/2014

Gold Warehouse Stocks:

7,902,052.495

-15,535.54

Silver Warehouse Stocks:

176,688,901.453

-104,747.00

 

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

795.135

25,564,387

US$33,197m

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$463m

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 3.296 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:

 

Newmont’s (NEM) merger talks with Barrick (ABX), Claude’s (CGR) drill results, and Gold Resource’s (GORO) preliminary production results for the first quarter were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Newmont

NEM +6.75% $25.05

2.  McEwen

MUX +4.87% $2.37

3.  Pretivm

PVG +4.74% $5.74

 

LOSERS

1.  Allied Nevada

ANV -4.68% $3.46

2.  Avino

ASM -4.49% $1.49

3.  Agnico Eagle

AEM -3.98% $27.28

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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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 Gold-Seeker.com 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. Gold-Seeker.com 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 Gold-Seeker.com’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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 -- Published: Monday, 21 April 2014 | E-Mail  | Print  | Source: GoldSeek.com

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