-- Published: Thursday, 13 April 2017 | Print | Disqus
Please Note: US Markets are closed tomorrow in observance of Good Friday.
| Close | Gain/Loss | On Week |
Gold | $1287.50 | +$6.00 | +2.62% |
Silver | $18.52 | +$0.09 | +2.95% |
XAU | 89.40 | -0.03% | +3.81% |
HUI | 212.93 | -0.15% | +4.47% |
GDM | 682.06 | +0.14% | +4.15% |
JSE Gold | 1663.83 | +53.81 | +3.60% |
USD | 100.55 | +0.30 | -0.60% |
Euro | 106.17 | -0.42 | +0.18% |
Yen | 91.64 | +0.04 | +1.91% |
Oil | $53.18 | +$0.07 | +1.80% |
10-Year | 2.232% | -0.034 | -6.38% |
Bond | 153.875 | +0.875 | +1.67% |
Dow | 20453.25 | -0.67% | -0.98% |
Nasdaq | 5805.15 | -0.53% | -1.24% |
S&P | 2328.95 | -0.68% | -1.13% |
The Metals:
Gold gained $7 to $1288.50 in London before it dropped back to $1281.90 at about 10AM EST, but it then rallied back higher into the close and ended with a gain of 0.47%. Silver climbed to $18.602 before it dropped back to $18.417, but it then bounced back higher in late trade and ended with a gain of 0.49%.
Euro gold rose to about €1213, platinum gained $2 to $971, and copper climbed a couple of cents to about $2.59.
Gold and silver equities rose over 1% at the open before they quickly fell to see slight losses in the next 10 minutes of trade and then returned to their opening highs by late morning, but they then drifted back lower into the close and ended near unchanged on the day.
The Economy:
Report | For | Reading | Expected | Previous |
PPI | Mar | -0.1% | 0.0% | 0.3% |
Core PPI | Mar | 0.0% | 0.2% | 0.3% |
Initial Claims | 4/08 | 234K | 251K | 235K |
Michigan Sentiment | Apr | 98.0 | 97.0 | 96.9 |
Mortgage rates tumble to fresh 2017 low MarketWatch
Tomorrow brings CPI, Business Inventories, and Retail Sales.
All of this week’s other economic reports:
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil edged higher after the IEA said the global oil market was "very close" to reaching a balance between supply and demand.
The U.S. dollar index rebounded from yesterday’s late session dive.
Treasuries rose as the Dow, Nasdaq, and S&P dropped again on continued uncertainty about geopolitical developments after “U.S. forces dropped the largest non-nuclear bomb ever used in a strike against ISIS in eastern Afghanistan on Thursday.”
Among the big names making news in the market today were Citi, Wells Fargo, Sorrento, J.P. Morgan, ConocoPhillips, and Yext.
GATA Posts:
Ted Butler: Another opportunity to induce the CFTC to do its job
Trump warns that dollar is 'getting too strong'
The Statistics:
As of close of business: 4/12/2017
Gold Warehouse Stocks: | 8,969,945.294 | -289.359 |
Silver Warehouse Stocks: | 189,792,925.882 | -71,128.40 |
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 | 842.408 | 27,084,255 | US$34,775m |
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$5,704m |
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$6,306m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$462m |
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: 201.67: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,208.21: No change from yesterday’s data.
The Miners:
Taseko’s (TGB) operational results, Richmont’s (RIC) first quarter production results, Great Panther’s (GPL) director appointment, and Avino’s (ASM) first quarter production results were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Hecla | HL +6.38% $6.00 |
2. Gold Fields | GFI +5.74% $4.05 |
3. Almaden | AAU +4.24% $1.72 |
LOSERS
1. Northern Dynasty | NAK -9.89% $1.64 |
2. Taseko | TGB -5.74% $1.15 |
3. Great Panther | GPL -5.66% $1.50 |
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, 13 April 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Almost 3% on the Week
