Gold Seeker Closing Report: Gold and Silver Gain with Stocks and Oil
| Close | Gain/Loss |
Gold | $1340.70 | +$3.40 |
Silver | $16.58 | +$0.08 |
XAU | 81.94 | +1.09% |
HUI | 177.21 | +0.83% |
GDM | 621.01 | +1.18% |
JSE Gold | 1089.78 | -21.23 |
USD | 89.62 | -0.22 |
Euro | 123.57 | +0.36 |
Yen | 93.24 | -0.47 |
Oil | $65.51 | +$2.09 |
10-Year | 2.793% | +0.013 |
T-Bond | 145.90625 | -0.15625 |
Dow | 24408.00 | +1.79% |
Nasdaq | 7094.30 | +2.07% |
S&P | 2656.87 | +1.67% |
The Metals:
Gold dipped $6 to $1331.30 in Asia before it bounced up to $1342.40 in early afternoon New York trade and then drifted back lower at times, but it still ended with a gain of 0.25%. Silver chopped between $16.435 and $16.645 and ended with a gain of 0.48%.
Euro gold fell to about EUR1085, platinum lost $4 to $927, and copper climbed 6 cents to about $3.13.
Gold and silver equities rose roughly 1% at the open and remained near that level for the rest of the day.
Global Debt Jumped to Record $237 Trillion Last Year Bloomberg
Small-business sentiment drifts down on concern about economy, NFIB says MarketWatch
U.S. wholesale inventories increase solidly in February Reuters
Wholesale Prices in U.S. Climbed More Than Forecast in March Bloomberg
Tomorrow brings CPI, FOMC Minutes, and the Treasury Budget.
The Markets:
Oil gained over 3% on improving trade talk and concerns about rising tensions in Syria.
The U.S. dollar index fell as the euro rose on remarks from European Central Bank Governing Council member Ewald Nowotny that indicated an end to their quantitative-easing program this year.
Treasuries edged lower as the Dow, Nasdaq, and S&P climbed roughly 2% higher on easing trade tensions.
Among the big names making news in the market today were VW, Boeing, Kroger, and Netflix.
GATA Posts:
Venezuela stopped bond payments in September
The Statistics:
As of close of business: 4/9/2018
Gold Warehouse Stocks: | 9,062,198.720 | - |
Silver Warehouse Stocks: | 263,583,542.361 | +293,095.946 |
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(R) Gold Shares | 859.991 | 27,649,583 | US$36,824m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb?rse (Deutsche B?rse - Xetra) | Gold Bullion Securities | 138.13 | 4,441,056 | US$5,939m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb?rse (Deutsche B?rse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 152.66 | 4,908,200 | US$6,564m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$480m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 278.10: +1.67 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,959.22: No change from yesterday's data.
Newmont's (NEM) project accident update, Kinross Gold's (KGC) operations in Russia, Comstock's (LODE) JV update, and Great Panther's (GPL) first quarter 2018 production results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Turquoise | TRQ +4.79% $3.06 |
2. Gold Resource | GORO +4.49% $4.69 |
3. Taseko | TGB +4.46% $1.17 |
LOSERS
1. Americas Silver | USAS -3.01% $3.54 |
2. New Gold | NGD -2.88% $2.36 |
3. Harmony | HMY -2.14% $2.29 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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