-- Published: Wednesday, 8 April 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1203.20 | -$7.10 |
Silver | $16.52 | -$0.36 |
XAU | 68.07 | -1.43% |
HUI | 167.24 | -1.39% |
GDM | 529.85 | -0.94% |
JSE Gold | 1210.84 | -42.64 |
USD | 98.06 | +0.12 |
Euro | 107.85 | -0.30 |
Yen | 83.25 | +0.13 |
Oil | $50.42 | -$3.56 |
10-Year | 1.895% | +0.002 |
Bond | 164.84375 | +0.21875 |
Dow | 17902.51 | +0.15% |
Nasdaq | 4950.82 | +0.83% |
S&P | 2081.90 | +0.27% |
The Metals:
Gold edged up to $1212.06 in Asia before it fell back to $1197.49 after the release of today’s fed minutes, but it then bounced back higher in late trade and ended with a loss of just 0.59%. Silver slipped to a low as $16.401 and ended with a loss of 2.13%.
Euro gold fell to about €1115, platinum lost $8 to $1163, and copper fell a couple of cents to about $2.73.
Gold and silver equities traded mostly lower and ended with about 1% losses.
The Economy:
U.S. mortgage applications rise in latest week : MBA Reuters
U.S. office space rent rises at fastest clip in a decade: report Reuters
Forget Interest Rates, the Fed Has Another Big Decision to Make in the Next Year Bloomberg
Key passages from the Fed minutes MarketWatch
Fed Officials Divided Over June Liftoff, FOMC Minutes Show Bloomberg
June rate hike still in play as Fed officials eye data Reuters
Tomorrow brings Initial Jobless Claims and Wholesale Inventories.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell almost 7% after the Energy Information Administration reported that crude inventories rose 10.95 million barrels.
The U.S. dollar traded mostly lower as the yen rose after the Bank of Japan kept monetary policy unchanged.
Treasuries turned higher after today’s $21 billion 10-year note auction sold at a yield of 1.925%.
The Dow, Nasdaq, and S&P edged higher on more deal making news.
Among the big names making news in the market today were Mylan and Perrigo, Shell and BG, and Family Dollar.
GATA Posts:
Somebody is regularly profiting by front-running the Reserve Bank of Australia
A billion dollars disappears from little Moldova's banking system
The Statistics:
Activity from: 4/7/2015
Gold Warehouse Stocks: | 7,849,613.194 | -192.90 |
Silver Warehouse Stocks: | 176,238,647.219 | -448,893.82 |
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 | 733.059 | 23,568,583 | US$28,439m |
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$5,349m |
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$431m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 30.65 | 985,279 | US$1,193m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 2.388 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 165.28: +0.40 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,010.34: No change from yesterday’s data.
The Miners:
Comstock’s (LODE) drill results, Kirkland’s (KGI.TO) purchased royalty, Centamin’s (CEE.TO) preliminary production results, Tahoe’s (TAHO) listing approval in Peru, and Endeavour Silver’s (EXK) silver and gold production results for the first quarter were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Alamos | AGI +1.74% $5.85 |
2. Turquoise | TRQ +1.41% $3.60 |
3. NovaGold | NG +1.17% $3.45 |
LOSERS
1. Endeavour Silver | EXK -5.74% $1.97 |
2. McEwen | MUX -5.66% $1.97 |
3. Sandstorm | SAND -4.84% $3.54 |
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, 8 April 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall With Oil
