-- Published: Monday, 24 April 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1276.10 | -$8.80 |
Silver | $17.92 | -$0.04 |
XAU | 85.44 | -1.62% |
HUI | 200.95 | -2.26% |
GDM | 646.42 | -1.68% |
JSE Gold | 1428.06 | -81.54 |
USD | 99.03 | -0.88 |
Euro | 108.70 | +1.68 |
Yen | 91.13 | -0.51 |
Oil | $49.23 | -$0.39 |
10-Year | 2.273% | +0.034 |
T-Bond | 153.4375 | -0.71875 |
Dow | 20763.89 | +1.05% |
Nasdaq | 5983.82 | +1.24% |
S&P | 2374.15 | +1.08% |
The Metals:
Gold dove down to $1266.10 at the open of trade last night before it bounced back above $1275 in Asia and then fell back to $1267.50 at about 8:15AM EST, but it then chopped its way back higher into the close and ended with a loss of just 0.68%. Silver slipped to as low as $17.734 and ended with a loss of just 0.22%.
Euro gold fell to about €1174, platinum lost $12 to $959, and copper climbed a couple of cents to about $2.57.
Gold and silver equities fell roughly 2% at the open and remained near that level for the rest of the day.
The Economy:
Fed Model Says `Neutral' Interest Rate Dips Back to Zero Bloomberg
Congress returns as Trump pressures Democrats ahead of funding deadline Reuters
Elliott Wave investor Robert Prechter says a Depression-like shock is coming MarketWatch
Should Wall Street fear a government shutdown? Here's how stocks fared during past closures MarketWatch
Tomorrow brings the Case-Shiller Home Price Index, the FHFA Housing Price Index, New Home Sales, and Consumer Confidence.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil continued almost 1% lower on the outlook for rising US production.
The U.S. dollar index dropped as the euro jumped higher after France’s election results reduced the chances of them leaving the EU.
Treasuries fell as the Dow, Nasdaq, and S&P gained over 1% “after France’s election left a centrist on track for the presidency, easing concerns that the country will leave the euro currency bloc.”
Among the big names making news in the market today were De Beers, Halliburton, GM, and Hasbro.
GATA Posts:
Join GATA in May at the International Metal Writers Conference in Vancouver
Russians know that the dollar is both America's weapon and vulnerability
European Central Bank ready to rig markets if French voters misbehave
The Statistics:
Activity from: 4/20/2017
Gold Warehouse Stocks: | 8,952,104.958 | -514.416 |
Silver Warehouse Stocks: | 194,574,337.283 | +270,359.763 |
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 | 858.690 | 27,607,757 | US$35,036m |
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$5,660m |
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$6,254m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$458m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 35.73 | 1,148,868 | US$1,391m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 4.44 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 204.36: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,119.87: -29.45 change from yesterday’s data.
The Miners:
SEMAFO’s (SMF.TO) first quarter production and Randgold’s (GOLD) efforts at extending Tongon’s mine life were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Almaden | AAU +5.33% $1.58 |
2. Taseko | TGB +3.70% $1.12 |
3. Turquoise | TRQ +3.00% $2.75 |
LOSERS
1. Seabridge | SA -6.41% $10.95 |
2. Gold Fields | GFI -6.25% $3.60 |
3. DRDGOLD | DRD -5.95% $4.27 |
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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-- Published: Monday, 24 April 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Well Off Their Lows
