-- Published: Monday, 11 April 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1256.10 | +$16.60 |
Silver | $15.90 | +$0.56 |
XAU | 78.62 | +6.23% |
HUI | 206.08 | +6.19% |
GDM | 628.77 | +5.75% |
JSE Gold | 2194.98 | +101.79 |
USD | 94.00 | -0.22 |
Euro | 114.08 | +0.11 |
Yen | 92.66 | +0.14 |
Oil | $40.36 | +$0.64 |
10-Year | 1.724% | +0.004 |
T-Bond | 166.09375 | -0.09375 |
Dow | 17556.41 | -0.12% |
Nasdaq | 4833.39 | -0.36% |
S&P | 2041.99 | -0.27% |
The Metals:
Gold gained $19.12 to $1258.62 by late morning in New York before it edged back lower in afternoon trade, but it still ended with a gain of 1.34%. Silver rose to as high as $15.962 and ended with a gain of 3.65%.
Euro gold rose to about €1101, platinum gained $22 to $987, and copper remained at about $2.09.
Gold and silver equities jumped about 6% higher in the first 15 minutes of trade and remained near that level for the rest of the day.
The Economy:
Consumers' Inflation Expectations Fell Again in March, Fed Says Bloomberg
Williams Says Market Views Fed as Increasingly Data-Dependent Bloomberg
Tomorrow brings Import and Export Prices and the Treasury Budget.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose almost 2% as the U.S. dollar index fell on interest rate expectations.
Treasuries ended slightly lower in mixed trade.
The Dow, Nasdaq, and S&P erased early gains and ended with modest losses on uncertainty over upcoming earnings reports.
Among the big names making news in the market today were UBS, Chesapeake, BlackRock, Tesla, Dell, and Goldman Sachs.
GATA Posts:
Miners union accepts Sibanye Gold's wage offer, cancels strike
Comex gold contracts likely no good for Islamic finance plan
India subverted customs reporting rules to facilitate gold leasing in 1991
Now India's very own gold coins
China goes prospecting for world's gold mines
Jeff Clark: Here's why you should stay away from gold ETFs
In Cambodia, the ghosts prefer dollars
Senior bosses at world's biggest banks 'knew LIBOR was rigged'
Ronan Manly: The gold vaults of Hong Kong
GoldSeek Radio interviews GATA's Murphy and Sprott's Embry
The Statistics:
As of close of business: 4/8/2016
Gold Warehouse Stocks: | 6,814,215.039 | -96.45 |
Silver Warehouse Stocks: | 155,267,558.599 | +28,342.25 |
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 | 817.813 | 26,293,499 | US$32,988m |
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$5,583m |
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$6,174m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$451m |
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 subtracted 1.783 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 187.26: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,455.48: +44.39 change from yesterday’s data.
The Miners:
Endeavour Mining’s (EDV.TO) construction start, Banro’s (BAA) production results, Yamana’s (AUY) production results, Excellon’s (EXN.TO) closed transfer, and Avino’s (ASM) production results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Avino | ASM +12.05% $1.21 |
2. Silver Standard | SSRI +11.62% $7.00 |
3. IAMGOLD | IAG +11.51% $2.81 |
LOSER
1. Paramount | PZG -0.67% $1.49 |
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: Monday, 11 April 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Gains Over 1% and Silver Surges Nearly 4%
