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Gold Seeker Closing Report: Gold and Silver End Slightly Lower
By: Chris Mullen, Gold-Seeker.com

 -- Published: Thursday, 16 April 2015 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1199.00

-$3.50

Silver

$16.29

-$0.03

XAU

70.89

-1.31%

HUI

176.04

-1.12%

GDM

548.85

-0.65%

JSE Gold

1335.11

+1.12

USD

97.61

-0.73

Euro

107.69

+0.81

Yen

84.01

+0.07

Oil

$56.71

+$0.32

10-Year

1.878%

-0.022

Bond

163.875

-0.21875

Dow

18105.77

-0.04%

Nasdaq

5007.79

-0.06%

S&P

2104.99

-0.08%

 
 

 

The Metals:

 

Gold waffled between $1207.53 and $1199.99 in early Asian trade before it edged up to $1208.89 at about 4AM EST and then dropped back to as low as $1195.54 by late morning in New York, but it then drifted back higher in early afternoon trade and ended with a loss of just 0.29%.  Silver slipped to as low as $16.178 and ended with a loss 0.18%.

 

Euro gold fell to about €1113, platinum lost $3 to $1157, and copper climbed 5 cents to about $2.77.

 

Gold and silver equities saw over 1% gains in the first half hour of trade before they fell to see almost 2% losses by midmorning and then bounced back higher, but they still ended with about 1% losses.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Initial Claims

4/11

294K

280K

282K

Housing Starts

Mar

926K

1040K

908K

Building Permits

Mar

1039K

1085K

1102K

Philadelphia Fed

Apr

7.5

6.0

5.0

 

Fed's Fischer: Economy in Q1 was 'poor,' but rebound coming CNBC

 

Tomorrow brings CPI, Michigan Sentiment, and Leading Economic Indicators.

 

The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil pared yesterday’s notable gains in early trade, but it then climbed back higher in late trade and ended with a modest gain after OPEC forecasted higher demand.

 

The U.S. dollar fell on mostly poor economic data.

 

Treasuries edged lower on fed speak.

 

The Dow, Nasdaq, and S&P traded mostly slightly lower on mixed earnings reports.

 

Among the big names making news in the market today were Etsy, Netflix, BlackRock, Blackstone, BP, Citigroup, and Goldman Sachs.

 

GATA Posts:

 

 

Record dive recovers $50 million in wartime silver from ocean floor

Asian demand turns Massachusetts into major gold exporter

 

The Statistics:

Activity from: 4/15/2015

Gold Warehouse Stocks:

7,815,647.348

-50,052.166

Silver Warehouse Stocks:

174,819,319.308

+1,140,282.902

 

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

736.081

23,665,725

US$28,495m

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$5,320m

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$5,881m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$431m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

29.81

958,352

US$1,145m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 165.28: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,105.52: No change from yesterday’s data.

 

The Miners:

 

Gold Reserve’s (GRZ.V) update, Gold Resource’s (GORO) discovery, Comstock’s (LODE) first quarter results, and Almaden’s (AAU) drill results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  SilverCrest

SVLC +2.88% $1.07

2.  B2Gold

BTG +2.60% $1.58

3.  Rubicon

RBY +1.89% $1.08

 

LOSERS

1.  Gold Fields

GFI -8.01% $4.02

2.  Coeur

CDE -7.33% $5.69

3.  Paramount

PZG -5.38% $1.23

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 2015

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com 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. Gold-Seeker.com 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 Gold-Seeker.com’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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 -- Published: Thursday, 16 April 2015 | E-Mail  | Print  | Source: GoldSeek.com

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