-- 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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-- Published: Thursday, 9 April 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Again
