-- Published: Friday, 8 April 2016 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1239.50 | -$0.80 | +1.32% |
Silver | $15.34 | +$0.13 | +1.79% |
XAU | 74.01 | +4.12% | +6.17% |
HUI | 194.07 | +4.16% | +7.87% |
GDM | 594.36 | +3.48% | +6.32% |
JSE Gold | 2093.19 | -38.62 | +5.81% |
USD | 94.22 | -0.32 | -0.38% |
Euro | 113.99 | +0.24 | +0.01% |
Yen | 92.43 | UNCH | +3.19% |
Oil | $39.72 | +$2.46 | +7.96% |
10-Year | 1.720% | +0.029 | -4.02% |
Bond | 166.25 | -0.75 | +0.97% |
Dow | 17576.96 | +0.20% | -1.21% |
Nasdaq | 4850.68 | +0.06% | -1.30% |
S&P | 2047.60 | +0.28% | -1.21% |
The Metals:
Gold dropped $10.68 to $1229.62 in London, but it then climbed back higher for most of trade in New York and ended with a loss of just 0.06%. Silver rose to as high as $15.38 and ended with a gain of 0.85%.
Euro gold fell to about €1087, platinum gained $11 to $965, and copper remained at about $2.09.
Gold and silver equities gained about 4% by midday and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Wholesale Inventories | Feb | -0.5% | -0.2% | -0.2% |
Fed's Dudley sees risks lingering, cautious on U.S. rate hikes Reuters
Yellen Says U.S. Near Full Employment, Some Slack Remains Bloomberg
All of this week’s other economic reports:
Next week’s economic highlights include Import and Export Prices and the Treasury Budget on Tuesday, PPI, Retail Sales, Business Inventories, and the Fed's Beige Book on Wednesday, Initial Jobless Claims and CPI on Thursday, and Empire Manufacturing, Capacity Utilization, Industrial Production, and Net Long-Term TIC Flows on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil gained nearly 7% on falling US output and declining rig counts.
The U.S. dollar index dropped as the euro rose after minutes from the ECB’s March meeting expressed confidence in Draghi and the stimulative measures employed last month.
Treasuries fell as the Dow, Nasdaq, and S&P traded mostly higher on relief over oil’s rebound.
Among the big names making news in the market Friday were UnitedHealth, Starboard, and Twitter.
GATA Posts:
Actual life in the junior gold mining sector
The Statistics:
Activity from: 4/7/2016
Gold Warehouse Stocks: | 6,814,311.489 | -20,897.50 |
Silver Warehouse Stocks: | 155,239,216.349 | -61,756.72 |
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$32,659m |
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$5,511m |
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: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 187.26: +0.30 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,411.09: No change from yesterday’s data.
The Miners:
Goldcorp’s (GG) investment in Probe Metals (PRB.V) and Endeavour Silver’s (EXK) production results were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Almaden | AAU +19.04% $1.12 |
2. Alexco | AXU +13.67% $1.08 |
3. McEwen | MUX +10.58% $2.30 |
LOSER
1. MAG Silver | MVG -1.84% $9.62 |
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: Friday, 8 April 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 1% on the Week
