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Gold Seeker Closing Report: Gold and Silver Fall Again
By: Chris Mullen, Gold-Seeker.com

 -- Published: Thursday, 9 April 2015 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1195.10

-$8.10

Silver

$16.20

-$0.32

XAU

67.67

-0.59%

HUI

166.32

-0.55%

GDM

525.60

-0.83%

JSE Gold

1196.39

-14.45

USD

99.06

+1.00

Euro

106.55

-1.25

Yen

82.89

-0.35

Oil

$50.79

+$0.37

10-Year

1.958%

+0.063

Bond

163.25

-1.6875

Dow

17958.73

+0.31%

Nasdaq

4974.56

+0.48%

S&P

2091.18

+0.45%

 
 

 

The Metals:

 

Gold fell $10.39 to $1192.81 in Asia before it bounced back to $1202.28 in London, but it then dropped back to as low as $1193.12 by early afternoon in New York and ended with a loss of 0.67%.  Silver slipped to as low as $16.16 and ended with a loss of 1.94%.

 

Euro gold rose to about €1122, platinum lost $9 to $1154, and copper remained at about $2.73.

 

Gold and silver equities meandered mostly lower and ended with modest losses.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Initial Claims

4/04

281K

285K

267K

Wholesale Inventories

Feb

0.3%

0.2%

0.4%

 

Two ways to fix the Fed that everyone can agree on MarketWatch

Summers: Preemptive war on inflation would be ‘a big mistake’ MarketWatch

Consumer Comfort in U.S. Climbs to Highest Level Since May 2007 Bloomberg

 

Tomorrow brings Export and Import Prices and the Treasury Budget.

 

The Markets:

 

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

 

Oil bounced back from yesterday’s near 7% losses.

 

The U.S. dollar rose and treasuries fell on renewed thoughts that the fed could still possibly raise the fed funds rate at its meeting in June.

 

The Dow, Nasdaq, and S&P waffled near unchanged and ended modestly higher on mixed earnings reports.

 

Among the big names making news in the market today were Apple, LinkedIn, GM, Credit Suisse, and Zynga.

 

GATA Posts:

 

 

Torgny Persson: Pro-gold governments and central banks

Pam and Russ Martens: Americans don't trust the Fed because it's too secretive

James McShirley: 11 rules for gold price suppression

 

The Statistics:

Activity from: 4/8/2015

Gold Warehouse Stocks:

7,849,645.349

+32.155

Silver Warehouse Stocks:

176,373,671.768

+135,024.549

 

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$28,145m

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$5,306m

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$429m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

30.65

985,279

US$1,193m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 165.28: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,010.34: No change from yesterday’s data.

 

The Miners:

 

Goldcorp’s (GG) first quarter gold production, IMPACT Silver’s (IPT.V) 2014 results, and Tahoe’s (TAHO) dividend were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Turquoise

TRQ +3.61% $3.73

2.  Silver Standard

SSRI +2.81% $5.12

3.  Yamana

AUY +2.13% $3.83

 

LOSERS

1.  Harmony

HMY -5.73% $1.81

2.  B2Gold

BTG -3.82% $1.51

3.  Richmont

RIC -3.81% $3.03

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 2015

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: Thursday, 9 April 2015 | E-Mail  | Print  | Source: GoldSeek.com

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