-- Published: Monday, 10 April 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1254.30 | -$0.30 |
Silver | $17.94 | -$0.05 |
XAU | 86.67 | +0.63% |
HUI | 205.03 | +0.59% |
GDM | 658.31 | +0.51% |
JSE Gold | 1557.64 | -48.31 |
USD | 101.05 | -0.11 |
Euro | 105.94 | -0.04 |
Yen | 90.12 | +0.20 |
Oil | $53.08 | +$0.84 |
10-Year | 2.362% | -0.022 |
T-Bond | 151.75 | +0.25 |
Dow | 20658.02 | +0.01% |
Nasdaq | 5880.93 | +0.05% |
S&P | 2357.16 | +0.07% |
The Metals:
Gold saw a slight gain at $1255.80 in Asia before it fell to see a $7.20 loss at $1247.40 at the open of trade in New York and then rallied back to $1256.30 by midday, but it then chopped back lower in early afternoon trade and ended with a loss of 0.02%. Silver edged up to $18.015 before it dropped back to $17.748 and then also climbed back higher, but it still ended with a loss of 0.28%.
Euro gold remained at about €1184, platinum lost $13 to $938, and copper fell 4 cents to about $2.63.
Gold and silver equities fell over 1% at the open, but they then bounced back higher into the close and ended with modest gains.
The Economy:
Kashkari Slams Dimon in the Battle Over Bank Capital Bloomberg
Fed survey sees falling consumer inflation expectations forexlive
Inflation, retail sales face same chill that jobs growth did MarketWatch
Trump considers trade order that could lead to duties: official Reuters
There are no major economic reports due out tomorrow.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose almost 2% after another shutdown at Libya's largest oilfield.
The U.S. dollar index erased early gains and ended lower on uncertainty about Yellen’s speech this afternoon.
Treasuries rose as the Dow, Nasdaq, and S&P traded mixed and near unchanged on geopolitical concerns.
Among the big names making news in the market today were AT&T and Straight Path Communications, Tesla, and Knight Transportation and Swift Transportation.
GATA Posts:
Silver shorting's only purpose is price suppression, Embry tells KWN
Hong Kong to help Myanmar set up a gold exchange
India's gold imports fall over 10 months but may be rebounding
Lawrie Williams: China may have suspended gold reserve reporting
Ed Steer: The powers-that-be were everywhere on Friday
Dubai exchange may launch gold contract for retail investors
The Statistics:
As of close of business: 4/7/2017
Gold Warehouse Stocks: | 8,983,242.149 | -30,667.555 |
Silver Warehouse Stocks: | 188,416,903.414 | -51,597.467 |
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 | 836.487 | 26,893,878 | US$33,615m |
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$5,568m |
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$6,154m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$450m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 35.73 | 1,148,868 | US$1,391m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 166.60: -33.66 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,862.00: -346.21 change from yesterday’s data.
The Miners:
Comstock’s (LODE) land use changes in Nevada, Timmins Gold’s (TGD) environmental approval, and Gold Resource’s (GORO) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Northern Dynasty | NAK +9.45% $1.39 |
2. Coeur | CDE +3.59% $8.95 |
3. Barrick | ABX +1.72% $19.47 |
LOSERS
1. Taseko | TGB -2.24% $1.31 |
2. Avino | ASM -2.23% $1.75 |
3. Silver Standard | SSRI -1.89% $1.04 |
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, 10 April 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Reverse Early Losses To End Near Unchanged
