-- Published: Thursday, 27 April 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1265.00 | -$4.50 |
Silver | $17.30 | -$0.19 |
XAU | 81.08 | -2.68% |
HUI | 187.77 | -2.40% |
GDM | 610.33 | -1.57% |
JSE Gold | 1372.72 | -14.79 |
USD | 99.11 | +0.17 |
Euro | 108.80 | -0.29 |
Yen | 89.97 | -0.06 |
Oil | $48.97 | -$0.65 |
10-Year | 2.295% | -0.007 |
T-Bond | 152.78125 | +0.125 |
Dow | 20981.33 | +0.03% |
Nasdaq | 6048.94 | +0.39% |
S&P | 2388.77 | +0.06% |
The Metals:
Gold fell $8.20 to $1261.30 at about 10AM EST before it rallied back higher in the next couple of hours of trade, but it then drifted back lower into the close and ended with a loss of 0.35%. Silver slipped to as low as $17.262 and ended with a loss of 1.09%.
Euro gold fell to about €1163, platinum lost $7 to $941, and copper remained at about $2.60.
Gold and silver equities fell roughly 3% by midmorning before they bounced back higher at times, but they still ended with about 2% losses on the day.
The Economy:
Report | For | Reading | Expected | Previous |
Durable Goods | Mar | 0.7% | 1.1% | 2.3% |
Durable Goods -ex trans. | Mar | -0.2% | 0.4% | 0.7% |
Initial Claims | 4/22 | 257K | 244K | 243K |
International Trade in Goods | Mar | -$64.8B | -$65.3B | -$63.9B |
Pending Home Sales | Mar | -0.8% | -0.5% | 5.5% |
40% of Americans spend half of their income servicing debt MarketWatch
Trump backs off threats, promises U.S. will stay in Nafta MarketWatch
Tomorrow brings GDP, the Employment Cost Index, Chicago PMI, and Consumer Sentiment.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil dropped over 1% after a restart of two key oilfields in Libya added to oversupply concerns.
The U.S. dollar index rose as the euro fell after “European Central Bank President Mario Draghi emphasized that the eurozone’s economic outlook remains uncertain.”
Treasuries saw slight gains as the Dow, Nasdaq, and S&P traded mixed on policy uncertainty.
Among the big names making news in the market today were KKR, Dow Chemical, Total, Lazard, GrubHub, AstraZeneca, Nintendo, U.S. Steel, Deutsche Bank, Samsung, Procter & Gamble, Ford, Netflix, and Under Armour.
GATA Posts:
Alasdair Macleod: End of empire
The Statistics:
As of close of business: 4/26/2017
Gold Warehouse Stocks: | 8,954,376.878 | - |
Silver Warehouse Stocks: | 196,551,129.611 | -1,279,810.508 |
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 | 854.250 | 27,464,998 | US$34,673m |
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$5,619m |
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$6,212m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$454m |
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: 204.36: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,272.97: +91.27 change from yesterday’s data.
The Miners:
Goldcorp’s (GG) voting results for the election of its Board of Directors, Solitario’s (XPL) acquisition of Zazu (ZAZ.V), and Excellon’s (EXN.TO) optimization program update and first quarter 2017 production results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Avino | ASM +7.59% $1.56 |
2. Richmont | RIC +0.69% $7.30 |
3. Americas Silver | USAS +0.33% $3.05 |
LOSERS
1. New Gold | NGD-10.32% $2.78 |
2. Northern Dynasty | NAK -7.27% $1.53 |
3. Coeur | CDE -5.98% $8.80 |
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: Thursday, 27 April 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall With Oil
