-- Published: Wednesday, 23 April 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1284.40 | -$0.60 |
Silver | $19.43 | -$0.02 |
XAU | 93.27 | +2.44% |
HUI | 228.35 | +2.60% |
GDM | 674.79 | +2.41% |
JSE Gold | 1521.96 | +33.27 |
USD | 79.86 | -0.04 |
Euro | 138.17 | +0.12 |
Yen | 97.59 | +0.11 |
Oil | $101.44 | -$0.31 |
10-Year | 2.686% | -0.040 |
Bond | 134.46875 | +0.53125 |
Dow | 16501.65 | -0.08% |
Nasdaq | 4126.96 | -0.83% |
S&P | 1875.39 | -0.22% |
The Metals:
Gold dipped $2.64 to $1282.36 in Asia before it popped up to $1288.84 in London and then dropped to a new session low of $1281.03 in late morning New York trade, but it then rallied back higher midday and ended with a loss of just 0.05%. Silver slipped to as low as $19.399 and ended with a loss of 0.1%.
Euro gold remained at about €930, platinum gained $3 to $1400, and copper remained at about $3.06
Gold and silver equities climbed steadily higher for most of the day and ended with about 2.5% gains.
The Economy:
Report | For | Reading | Expected | Previous |
New Home Sales | Mar | 384K | 455K | 449k |
U.S. mortgage applications fell last week: MBA Reuters
Tomorrow brings Initial Jobless Claims and Durable Goods Orders.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil remained slightly lower after the Energy Information Administration reported that crude inventories rose 3.5 million barrels, gasoline inventories fell 300,000 barrels, and distillates rose 600,000 barrels.
The U.S. dollar index dropped and treasuries rose on mostly worse than expected economic data from around the world that sent the Dow, Nasdaq, and S&P lower. Today’s $35 billion 5-year note auction sold at yield of 1.732% with a bid to cover of 2.79.
Among the big names making news in the market today were P&G, Delta, Boeing, and Apple.
GATA Posts:
Gene Arensberg: Elephant tracks signal upward reversal in gold
So central bank gold is being held in investment bank vaults
Reuters notes that central banks trade gold every day but doesn't grasp what it means
The Statistics:
Activity from: 4/22/2014
Gold Warehouse Stocks: | 7,991,301.135 | - |
Silver Warehouse Stocks: | 176,592,637.223 | -68,134.11 |
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 | 792.139 | 25,468,060 | US$32,721m |
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$5,705m |
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$461m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 40.74 | 1,309,662 | US$1,685m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 164.41: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,282.78: No change from yesterday’s data.
The Miners:
Osisko’s (OSK.TO) drill results, Richmont’s (RIC) closed financing, Newmont’s (NEM) dividend, Claude’s (CGR) first quarter production results, and Santacruz Silver’s (SCZ.V) trading on the OTCQX marketplace were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Allied Nevada | ANV +7.84% $3.84 |
2. MAG Silver | MVG +7.41% $7.25 |
3. Seabridge | SA +7.20% $8.47 |
LOSERS
1. Solitario | XPL -9.82% $1.01 |
2. Mines Management | MGN -2.50% $1.19 |
3. Paramount | PZG -7.08% $1.11 |
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, 23 April 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Close Barely Lower While Miners Gain Over 2%
