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Gold Seeker Closing Report: Gold and Silver End Slightly Lower
By: Chris Mullen, Gold-Seeker.com

 -- Published: Tuesday, 14 April 2015 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1192.50

-$7.20

Silver

$16.20

-$0.10

XAU

69.11

+1.20%

HUI

172.14

+1.29%

GDM

538.15

+0.80%

JSE Gold

1306.18

+26.99

USD

98.79

+0.36

Euro

106.49

+0.76

Yen

83.72

+0.48

Oil

$53.29

+$1.38

10-Year

1.904%

-0.035

Bond

164.46875

+1.00

Dow

18036.70

+0.33%

Nasdaq

4977.28

-0.22%

S&P

2095.84

+0.16%

 
 

 

The Metals:

 

Gold dropped $16.53 to $1183.17 at about 8:30AM EST before it bounced back towards $1200 by late morning in New York, but it then drifted back lower into the close and ended with a loss of 0.6%.  Silver slipped to as low as $15.999 and ended with a loss of 0.61%.

 

Euro gold fell to about €1120, platinum lost $2 to $1149, and copper fell slightly to about $2.70.

 

Gold and silver equities rose about 2% by midmorning before they fell back off at times, but they still ended with about 1% gains.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Retail Sales

Mar

0.9%

1.1%

-0.5%

Retail Sales ex-auto

Mar

0.4%

0.6%

0.0%

PPI

Mar

0.2%

0.2%

-0.5%

Core PPI

Mar

0.2%

0.1%

-0.5%

Business Inventories

Feb

0.3%

0.2%

0.0%

 

Tomorrow brings Empire Manufacturing, Industrial Production, Capacity Utilization, the NAHB Housing Market Index, the Fed's Beige Book, and Net Long-Term TIC Flows.

 

The Markets:

 

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

 

Oil rose on geopolitical tensions and expectations for falling shale production in the US.

 

The U.S. dollar fell on poor economic data that sent treasuries higher.

 

The Dow, Nasdaq, and S&P traded mixed on uncertainty about earnings reports.

 

Among the big names making news in the market today were J.C. Penney, Nokia, Wells Fargo, and JPMorgan.

 

GATA Posts:

 

 

Gold Reserve makes push in Luxembourg to collect Venezuela award

FT: Greece prepares for debt default if talks with creditors fail

 

The Statistics:

Activity from: 4/13/2015

Gold Warehouse Stocks:

7,865,699.514

+32,161.32

Silver Warehouse Stocks:

173,715,099.706

-1,224,729.74

 

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

734.290

23,608,157

US$28,200m

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$5,314m

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$428m

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: 10,105.52: +20.82 change from yesterday’s data.

 

The Miners:

 

Gold Fields’ (GFI) production and cost guidance, Timmins Gold’s (TGDD) preliminary production results, Rubicon’s (RBY) commissioning process, and Coeur’s (CDE) updated and re-scoped mine plan were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Anglogold

AU +5.43% $10.88

2.  Eldorado

EGO +4.73% $4.87

3.  Coeur

CDE +4.07% $5.62

 

LOSERS

1.  SilverCrest

SVLC -3.82% $1.01

2.  Sandstorm

SAND -1.96% $3.51

3.  Fortuna

FSM -1.94% $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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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: Tuesday, 14 April 2015 | E-Mail  | Print  | Source: GoldSeek.com

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