-- Published: Monday, 6 April 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1215.70 | +$14.40 |
Silver | $17.00 | +$0.26 |
XAU | 70.47 | +3.71% |
HUI | 173.27 | +3.73% |
GDM | 544.86 | +3.35% |
JSE Gold | 1221.18 | +23.76 |
USD | 97.02 | -0.51 |
Euro | 109.41 | +0.58 |
Yen | 83.69 | +0.16 |
Oil | $52.14 | +$3.00 |
10-Year | 1.904% | UNCH |
Bond | 163.71875 | -2.03125 |
Dow | 17880.85 | +0.66% |
Nasdaq | 4917.31 | +0.62% |
S&P | 2080.62 | +0.66% |
The Metals:
Gold climbed $22.87 to $1224.17 by late morning in New York before it edged back lower in afternoon trade, but it still ended with a gain of 1.2%. Silver surged to as high as $17.293 and ended with a gain of 1.55%.
Euro gold rose to about €1111, platinum gained $25 to $1175, and copper fell a couple of cents to about $2.71.
Gold and silver equities rose about 4% at the open and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
ISM Services | Mar | 56.5 | 56.9 | 56.9 |
Tomorrow brings Consumer Credit for February expected at $12.5 billion.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil closed over 6% higher on the view that Iran’s nuclear deal will not immediately result in a jump in oil exports from the region.
The U.S. dollar fell on last Friday’s weak jobs data that delayed expectations for an interest rate hike by the fed.
The Dow, Nasdaq, and S&P saw decent losses at the open, but they then climbed back higher for most of the rest of the day and ended with nice gains on relief over likely having low rates for longer.
Among the big names making news in the market today were Twitter, YouTube, Mizuho, and Virtu.
GATA Posts:
The Philippines, another rich country insisting on being poor
Mongolia PM confirms agreement in principle on Rio Tinto mine
Ruble whipsaws top forecasters as worst currency becomes best
IMF chief Christine Lagarde: Greece will pay us back
Fund manager Kaye gives Real Vision the case for gold without being a gold bug
GATA chairman interviewed by Dave Kranzler of Investment Research Dynamics
The Statistics:
Activity from: 4/2/2015
Gold Warehouse Stocks: | 7,849,806.094 | - |
Silver Warehouse Stocks: | 176,287,661.829 | -205,424.11 |
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 | 737.237 | 23,702,920 | US$28,394m |
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$5,324m |
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$437m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 30.65 | 985,333 | US$1,181m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 164.88: -0.04 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,010.34: -4.22 change from yesterday’s data.
The Miners:
Newmont’s (NEM) 2014 sustainability report, Banro’s (BAA) Q1 production results, Claude’s (CGR) record quarterly gold production, Goldcorp’s (GG) sale to Premier Gold (PG.TO), and First Majestic’s (AG) new Chief Transformation Officer and acquisition of shares of First Mining Finance Corp. were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Seabridge | SA +14.98% $6.60 |
2. Turquoise | TRQ +11.11%$3.60 |
3. Coeur | CDE +11.04% $5.23 |
LOSERS
1. Avino | ASM -2.11% $1.39 |
2. Richmont | RIC -1.23% $3.21 |
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, 6 April 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Over 1%
