Gold Seeker Closing Report: Gold and Silver Cut Into Yesterday's Gains
| Close | Gain/Loss |
Gold | $1331.70 | -$10.20 |
Silver | $16.42 | -$0.18 |
XAU | 81.22 | -0.96% |
HUI | 175.83 | -1.07% |
GDM | 613.88 | -0.81% |
JSE Gold | 1104.87 | -22.52 |
USD | 90.22 | +0.21 |
Euro | 122.66 | -0.49 |
Yen | 93.84 | -0.67 |
Oil | +$0.50 | $63.51 |
10-Year | 2.785% | +0.044 |
T-Bond | 145.78125 | -0.96875 |
Dow | 24033.36 | +1.65% |
Nasdaq | 6941.28 | +1.04% |
S&P | 2614.45 | +1.26% |
The Metals:
Gold fell $13 to $1328.90 in late morning New York trade before it nearly halved its drop by early afternoon, but it then drifted back lower into the close and ended with a loss of 0.76%. Silver slipped to as low as $16.358 and ended with a loss of 1.08%.
Euro gold fell to about EUR1086, platinum lost $9 to $923, and copper climbed 2 cents to about $3.06.
Gold and silver equities fell nearly 2% by midmorning before they bounced back higher, but they still ended about 1% lower on the day.
New York Fed launches U.S. Libor contender, slow takeup seen Reuters
Home prices spiral higher, defying forecast of tax-law hit MarketWatch
Global money supply flashes surprise slowdown warning Telegraph
Tomorrow brings ADP Employment, Factory Orders, and ISM Non-Manufacturing.
The Markets:
Oil gained almost 1% on easing trade tensions.
The U.S. dollar index rose and treasuries fell as the Dow, Nasdaq, and S&P closed over 1% higher on signs that President Trump is backing off from increased regulation for tech companies.
Among the big names making news in the market today were Disney, Spotify, and Tesla.
GATA Posts:
Intervention may best explain anomalies in the gold market
China acknowledges that petro-yuan challenges U.S. dollar
Ambrose Evans-Pritchard: Global money supply flashes surprise slowdown warning
Strange developments in gold and silver could end in explosions, GATA chairman says
Turk notes firmness of monetary metals amid turmoil with equities
The Statistics:
As of close of business: 4/2/2018
Gold Warehouse Stocks: | 9,065,413.720 | +4,822.50 |
Silver Warehouse Stocks: | 262,106,890.315 | - |
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 | 852.312 | 27,402,674 | US$36,264m |
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$5,914m |
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$6,528m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$478m |
Note: Change in Total Tonnes from yesterday's data: SPDR added 6.193 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 271.38: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,922.39: No change from yesterday's data.
Randgold's (GOLD) operations in Africa, IAMGOLD's (IAG) new Inferred Mineral Resource estimate, Silver Bear's (SBR.TO) operational update, and Avino's (ASM) 2017 results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Taseko | TGB +3.51% $1.18 |
2. Alio Gold | ALO +2.67% $1.92 |
3. Americas Silver | USAS +2.66% $3.47 |
LOSERS
1. Gold Fields | GFI -4.23% $3.85 |
2. Sibanye | SBGL -3.68% $3.93 |
3. Great Panther | GPL -3.33% $1.16 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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