-- Published: Tuesday, 18 April 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1290.10 | +$6.30 |
Silver | $18.32 | -$0.09 |
XAU | 89.16 | -0.22% |
HUI | 212.11 | -0.19% |
GDM | 676.58 | -0.72% |
JSE Gold | 1611.04 | -52.79 |
USD | 99.49 | -0.84 |
Euro | 107.32 | +0.91 |
Yen | 92.16 | +0.39 |
Oil | $52.41 | -$0.24 |
10-Year | 2.181% | -0.069 |
T-Bond | 155.125 | +1.65625 |
Dow | 20523.28 | -0.55% |
Nasdaq | 5849.47 | -0.12% |
S&P | 2342.19 | -0.29% |
The Metals:
Gold edged up to $1287.30 in London before it spiked down to $1279.40 at about 10AM EST, but it then rose to a new session high of $1292.30 in early afternoon trade and ended with a gain of 0.49%. Silver slipped to as low as $18.091 before it also bounced back higher, but it still ended with a loss of 0.49%.
Euro gold fell to about €1202, platinum lost $9 to $974, and copper fell 7 cents to about $2.54.
Gold and silver equities traded mostly slightly lower and ended with modest losses.
The Economy:
Report | For | Reading | Expected | Previous |
Capacity Utilization | Mar | 76.1% | 76.2% | 75.7% |
Industrial Production | Mar | 0.5% | 0.4% | 0.1% |
Building Permits | Mar | 1260K | 1240K | 1216K |
Housing Starts | Mar | 1215K | 1256K | 1303K |
IMF hikes global growth forecast despite tensions MarketWatch
Tomorrow brings the Fed's Beige Book.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil edged lower ahead of tomorrow’s inventory data.
The U.S. dollar index fell and treasuries saw notable gains as the Dow, Nasdaq, and S&P dropped on poor earnings reports and political uncertainty.
Among the big names making news in the market today were Netflix, Pandora, Harley-Davidson, Cadillac, Bank of America, Goldman Sachs, and Johnson & Johnson.
GATA Posts:
New York Sun: Ron Paul's IMF question emerges in sharp relief in the era of Trump
Today's dumping of paper gold failed, Embry tells KWN
GATA Chairman Murphy interviewed by Kennedy Financial and Future Money Trends
The Statistics:
As of close of business: 4/17/2017
Gold Warehouse Stocks: | 8,969,301.739 | +1,381.895 |
Silver Warehouse Stocks: | 193,278,118.080 | +1,704,573.558 |
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 | 848.921 | 27,293,664 | US$34,900m |
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$5,734m |
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$6,333m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$463m |
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: 202.87: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,208.21: No change from yesterday’s data.
The Miners:
Gold Resource’s (GORO) preliminary first quarter 2017 production results, Randgold’s (GOLD) production forecast, Freeport’s (FCX) permitting in Indonesia, Timmins Gold’s (TGD) name change to Alio Gold, Comstock’s (LODE) neighbors in Nevada, and Fortuna’s (FSM) first quarter 2017 production results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Buenaventura | BVN +2.27% $12.63 |
2. IAMGOLD | IAG +1.36% $4.48 |
3. Alexco | AXU +1.31% $1.55 |
LOSERS
1. Taseko | TGB -8.47% $1.08 |
2. Gold Standard | GSV -4.00% $1.92 |
3. Seabridge | SA -3.81% $11.35 |
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: Tuesday, 18 April 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Rebounds From Midsession Drop To End Higher
