-- Published: Wednesday, 13 April 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1243.20 | -$13.20 |
Silver | $16.23 | +$0.06 |
XAU | 78.42 | -1.85% |
HUI | 200.92 | -2.99% |
GDM | 619.74 | -2.44% |
JSE Gold | 2182.17 | -38.70 |
USD | 94.77 | +0.78 |
Euro | 112.78 | -1.09 |
Yen | 91.50 | -0.62 |
Oil | $41.76 | -$0.41 |
10-Year | 1.762% | -0.019 |
T-Bond | 165.8125 | +0.78125 |
Dow | 17908.28 | +1.06% |
Nasdaq | 4947.42 | +1.55% |
S&P | 2082.42 | +1.00% |
The Metals:
Gold dropped down to $1239.94 in London before it bounced back above $1250 in early New York trade, but it then drifted back lower into the close and ended with a loss of 1.05%. Silver slipped to as low as $15.995 in London, but it then climbed up to as high as $16.306 in New York and ended with a gain of 0.37%.
Euro gold fell to about €1102, platinum lost $1 to $997, and copper climbed a couple of cents to about $2.17.
Gold and silver equities waffled near unchanged for most of the morning, but they then fell back off into the close and ended with about 2% losses.
The Economy:
Report | For | Reading | Expected | Previous |
PPI | Mar | -0.1% | 0.3% | -0.2% |
Core PPI | Mar | -0.1% | 0.2% | 0.0% |
Retail Sales | Mar | -0.3% | 0.1% | 0.0% |
Retail Sales ex-auto | Mar | 0.2% | 0.4% | 0.0% |
Business Inventories | Feb | -0.1% | -0.1% | -0.1% |
Yellen Repeats Uncertainty Warrants `Cautious Approach' by Fed Bloomberg
Economy in U.S. Delivers Modest Gains in Prices, Wages, Fed Says Bloomberg
U.S. mortgage applications jump as loan rates fall: MBA Reuters
Tomorrow brings Initial Jobless Claims and CPI.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell 1% after the Energy Information Administration reported that crude inventories rose 6.6 million barrels, gasoline inventories fell 4.2 million barrels, and distillates rose 500,000 barrels.
The U.S. dollar index rose along with the Dow, Nasdaq, and S&P after “a stronger-than-expected reading on Chinese exports sparked a global stock rally that brightened broader market sentiment.”
Treasuries added on to early gains after today’s $20 billion 10-year note auction sold at yield of1.765% with a bid to cover of 2.75.
Among the big names making news in the market today were GoPro, CSX, Peabody, Chipotle, Elm Tree, Volkswagen, and JPMorgan.
GATA Posts:
China's big four banks, StanChart, ANZ to join yuan gold benchmark
In India broadcast, GATA secretary slams central bank gold rigging and ETFs
China's yuan gold benchmark to launch with 18 members, source tells Reuters
GATA Chairman Murphy interviewed by CrushTheStreet.com
'Systemically important,' derivatives hustler CME Group gets account at Fed
The Statistics:
As of close of business: 4/12/2016
Gold Warehouse Stocks: | 6,885,421.979 | -7,316.80 |
Silver Warehouse Stocks: | 154,709,183.836 | +112,638.20 |
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 | 815.138 | 26,207,490 | US$32,643m |
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$5,528m |
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$6,109m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$445m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 34.72 | 1,116,345 | US$1,401m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 2.675 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 188.04: +0.30 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,455.48: No change from yesterday’s data.
The Miners:
Golden Star’s (GSS) operational results and funding, Timmins Gold’s (TGD) preliminary production results, Great Panther’s (GPL) first quarter 2016 production results, and Fortuna Silver’s (FSM) first quarter 2016 production results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Turquoise | TRQ +4.12% $2.78 |
2. Richmont | RIC +3.82% $7.07 |
3. Freeport | FCX +3.74% $10.82 |
LOSERS
1. Harmony | HMY -5.19% $3.84 |
2. Alexco | AXU -4.63% $1.03 |
3. Seabridge | SA -4.52% $14.15 |
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: Wednesday, 13 April 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Falls Over 1% While Silver Rises With Stocks and the Dollar
