-- Published: Thursday, 7 April 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1240.30 | +$17.00 |
Silver | $15.21 | +$0.14 |
XAU | 71.08 | +1.72% |
HUI | 186.31 | +2.85% |
GDM | 574.29 | +2.57% |
JSE Gold | 2131.81 | +69.12 |
USD | 94.54 | +0.07 |
Euro | 113.69 | -0.27 |
Yen | 92.21 | +1.11 |
Oil | $37.26 | -$0.49 |
10-Year | 1.691% | -0.064 |
T-Bond | 167.09375 | +1.75 |
Dow | 17541.96 | -0.98% |
Nasdaq | 4848.36 | -1.47% |
S&P | 2041.91 | -1.20% |
The Metals:
Gold gained $19.87 to $1243.17 by midmorning in New York before it drifted back lower into midday, but it still ended with a gain of 1.39%. Silver rose to as high as $15.357 and ended with a gain of 0.93%.
Euro gold rose to about €1091, platinum gained $13.50 to $954, and copper fell 7 cents to about $2.09.
Gold and silver equities rose about 3% at the open and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 4/02 | 267K | 270K | 276K |
Consumer Credit | Feb | $17.3B | $14.4B | $14.8B |
Tomorrow brings Wholesale Inventories for February expected at -0.2%.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil pared yesterday’s notable gains on speculation that supplies will resume building next week.
The U.S. dollar index held near unchanged as more strength in the yen was offset by Brexit driven weakness in the pound.
Treasuries rose markedly as the Dow, Nasdaq, and S&P fell roughly 1% “amid renewed concern that central bank policies have failed to revitalize growth.”
Among the big names making news in the market today were Boeing, Pacific Sunwear, and Tesla.
GATA Posts:
Puerto Rico passes bill allowing halt to debt payments
The gold miner excavating nothing but 13 years of red tape
The Statistics:
As of close of business: 4/6/2016
Gold Warehouse Stocks: | 6,835,208.989 | - |
Silver Warehouse Stocks: | 155,300,973.069 | -145,672.732 |
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 | 819.596 | 26,350,841 | US$32,728m |
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$5,508m |
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$6,089m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$445m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 33.42 | 1,074,449 | US$1,304m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 4.161 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 186.96: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,411.09: No change from yesterday’s data.
The Miners:
Centamin’s (CEE.TO) production results, Silver Wheaton’s (SLW) closed financing, Tahoe’s (TAHO) dividend, and Coeur’s (CDE) production results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Endeavour Silver | EXK +6.80% $2.67 |
2. Kinross | KGC +5.87% $3.79 |
3. Yamana | AUY +5.79% $3.29 |
LOSERS
1. Freeport | FCX -7.91% $8.85 |
2. Nevsun | NSU -4.17% $2.99 |
3. Turquoise | TRQ -2.38% $2.46 |
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, 7 April 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Roughly 1% While Stocks Fall Back Off
