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Gold Seeker Closing Report: Gold and Silver Fall Almost 1%
By: Chris Mullen,

 -- Published: Wednesday, 19 April 2017 | Print  | Disqus 



















JSE Gold































The Metals:


Gold dropped $14.60 to $1275.50 in midmorning New York trade before it edged back higher at times, but it still ended with a loss of 0.84%.  Silver slipped to as low as $18.099 and ended with a loss of 0.98%.


Euro gold fell to about €1195, platinum lost $10 to $964, and copper remained at about $2.54.


Gold and silver equities fell roughly 4% by midafternoon before they bounced back higher into the close, but they still ended with over 3% losses on the day.


The Economy:


U.S. economy shows only modest signs of inflation pressures: Fed Reuters

IMF warns of dangers of enacting fiscal stimulus as credit cycle worsens MarketWatch

Mortgage applications drop 1.8%, despite lowest interest rates since November CNBC

Fed June Hike Odds Below 50% After Inflation Expectations Tumble Bloomberg


Tomorrow brings Initial Claims, the Philadelphia Fed, and Leading Indicators.


The Markets:

Charts Courtesy of


Oil dropped almost 4% after the Energy Information Administration reported that crude inventories fell 1.0 million barrels, gasoline inventories rose 1.5 million barrels, and distillates fell 2.0 million barrels.


The U.S. dollar index rose and treasuries fell while the Dow, Nasdaq, and S&P traded mixed as mostly positive earnings reports were offset by concerns about oil’s drop.


Among the big names making news in the market today were GNC, BlackRock, Morgan Stanley, Abbott, and IBM.


GATA Posts:



Trump 'absolutely not' trying to talk down dollar, Treasury's Mnuchin says


The Statistics:

As of close of business: 4/18/2017

Gold Warehouse Stocks:



Silver Warehouse Stocks:




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




London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities




London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold




Australian Stock Exchange (ASX)

Gold Bullion Securities




Johannesburg Securities Exchange (JSE)

New Gold Debentures




Note: No change in Total Tonnes from yesterday’s data.


COMEX Gold Trust (IAU) Total Tonnes in Trust: 203.46: +0.59 change from yesterday’s data.


Silver Trust (SLV) Total Tonnes in Trust: 10,178.76: -29.45 change from yesterday’s data.


The Miners:


Centerra Gold’s (CG.TO) discharge permit, Seabridge Gold’s (SA) bought deal public offering, AuRico’s (AMI.TO) corporate update, and McEwen’s (MUX) production results were among the big stories in the gold and silver mining industry making headlines today.



1.  Paramount

PZG +3.63% $1.71

2.  Seabridge

SA +3.08% $11.70



1.  Alexco

AXU -7.74% $1.43

2.  Almaden

AAU -7.50% $1.48

3.  Taseko

TGB -7.34% $1.00

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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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2017

Note: This article may be reproduced provided the article, in full, is used and mention to is given.

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions.  The author of this report is not a registered financial advisor.  Readers should not view this material as offering investment related advice. has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond’s control, no representation or guarantee is made that it is complete or accurate.  The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.  Past results are not necessarily indicative of future results.  Any statements non-factual in nature constitute only current opinions, which are subject to change.  Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein.  Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.

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