-- Published: Thursday, 16 April 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1199.00 | -$3.50 |
Silver | $16.29 | -$0.03 |
XAU | 70.89 | -1.31% |
HUI | 176.04 | -1.12% |
GDM | 548.85 | -0.65% |
JSE Gold | 1335.11 | +1.12 |
USD | 97.61 | -0.73 |
Euro | 107.69 | +0.81 |
Yen | 84.01 | +0.07 |
Oil | $56.71 | +$0.32 |
10-Year | 1.878% | -0.022 |
Bond | 163.875 | -0.21875 |
Dow | 18105.77 | -0.04% |
Nasdaq | 5007.79 | -0.06% |
S&P | 2104.99 | -0.08% |
The Metals:
Gold waffled between $1207.53 and $1199.99 in early Asian trade before it edged up to $1208.89 at about 4AM EST and then dropped back to as low as $1195.54 by late morning in New York, but it then drifted back higher in early afternoon trade and ended with a loss of just 0.29%. Silver slipped to as low as $16.178 and ended with a loss 0.18%.
Euro gold fell to about €1113, platinum lost $3 to $1157, and copper climbed 5 cents to about $2.77.
Gold and silver equities saw over 1% gains in the first half hour of trade before they fell to see almost 2% losses by midmorning and then bounced back higher, but they still ended with about 1% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 4/11 | 294K | 280K | 282K |
Housing Starts | Mar | 926K | 1040K | 908K |
Building Permits | Mar | 1039K | 1085K | 1102K |
Philadelphia Fed | Apr | 7.5 | 6.0 | 5.0 |
Fed's Fischer: Economy in Q1 was 'poor,' but rebound coming CNBC
Tomorrow brings CPI, Michigan Sentiment, and Leading Economic Indicators.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil pared yesterday’s notable gains in early trade, but it then climbed back higher in late trade and ended with a modest gain after OPEC forecasted higher demand.
The U.S. dollar fell on mostly poor economic data.
Treasuries edged lower on fed speak.
The Dow, Nasdaq, and S&P traded mostly slightly lower on mixed earnings reports.
Among the big names making news in the market today were Etsy, Netflix, BlackRock, Blackstone, BP, Citigroup, and Goldman Sachs.
GATA Posts:
Record dive recovers $50 million in wartime silver from ocean floor
Asian demand turns Massachusetts into major gold exporter
The Statistics:
Activity from: 4/15/2015
Gold Warehouse Stocks: | 7,815,647.348 | -50,052.166 |
Silver Warehouse Stocks: | 174,819,319.308 | +1,140,282.902 |
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 | 736.081 | 23,665,725 | US$28,495m |
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$5,320m |
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$5,881m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$431m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 29.81 | 958,352 | US$1,145m |
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: No change from yesterday’s data.
The Miners:
Gold Reserve’s (GRZ.V) update, Gold Resource’s (GORO) discovery, Comstock’s (LODE) first quarter results, and Almaden’s (AAU) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. SilverCrest | SVLC +2.88% $1.07 |
2. B2Gold | BTG +2.60% $1.58 |
3. Rubicon | RBY +1.89% $1.08 |
LOSERS
1. Gold Fields | GFI -8.01% $4.02 |
2. Coeur | CDE -7.33% $5.69 |
3. Paramount | PZG -5.38% $1.23 |
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, 16 April 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Lower
