-- Published: Wednesday, 19 April 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1279.20 | -$10.90 |
Silver | $18.14 | -$0.18 |
XAU | 86.30 | -3.21% |
HUI | 204.35 | -3.66% |
GDM | 655.62 | -3.07% |
JSE Gold | 1573.33 | -37.71 |
USD | 99.77 | +0.28 |
Euro | 107.14 | -0.18 |
Yen | 91.87 | -0.29 |
Oil | $50.44 | -$1.97 |
10-Year | 2.214% | +0.033 |
T-Bond | 154.625 | -0.53125 |
Dow | 20404.49 | -0.56% |
Nasdaq | 5863.03 | +0.23% |
S&P | 2338.17 | -0.17% |
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 http://finance.yahoo.com/
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: | 8,953,326.674 | -15,975.065 |
Silver Warehouse Stocks: | 193,278,118.080 | - |
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$34,903m |
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$5,680m |
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$6,276m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$459m |
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: 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.
WINNERS
1. Paramount | PZG +3.63% $1.71 |
2. Seabridge | SA +3.08% $11.70 |
LOSERS
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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-- Published: Wednesday, 19 April 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Almost 1%
