Gold Seeker Closing Report: Gold and Silver Edge Lower While Stocks Gain
| Close | Gain/Loss |
Gold | $1317.50 | -$5.60 |
Silver | $16.52 | -$0.04 |
XAU | 82.52 | +0.07% |
HUI | 180.53 | -0.17% |
GDM | 630.18 | +0.33% |
JSE Gold | 1095.67 | +0.56 |
USD | 91.59 | +0.39 |
Euro | 121.06 | -0.68 |
Yen | 91.60 | +0.07 |
Oil | $68.19 | +$0.14 |
10-Year | 2.982% | -0.044 |
T-Bond | 142.46875 | +0.71875 |
Dow | 24322.34 | +0.99% |
Nasdaq | 7118.68 | +1.64% |
S&P | 2666.94 | +1.04% |
The Metals:
Gold fell $7.70 to $1315.40 by midday in New York before it bounced back higher into the close, but it still ended with a loss of 0.42%. Silver slipped to as low as $16.425 and ended with a loss of 0.24%.
Euro gold rose above EUR1088, platinum lost $9 to $906, and copper dropped a penny to about $3.12.
Gold and silver equities traded mostly slightly higher and ended with modest gains.
U.S. Jobless Claims Slump on Return of New York School Workers Bloomberg
U.S. trade deficit in goods drops in March for first time in seven months MarketWatch
U.S. business spending on equipment slowing; job market strong Reuters
Tomorrow brings GDP, Chicago PMI, and Consumer Sentiment.
The Markets:
Oil rose on concerns about new sanctions for Iran.
The U.S. dollar index climbed higher as the euro fell after the ECB maintained its pledge to move slowly in removing euro-area stimulus.
Treasuries bounced back from recent losses on disappointing economic data.
The Dow, Nasdaq, and S&P gained roughly 1% on strong earnings reports.
Among the big names making news in the market today were Barclays, Deutsche Bank, ConocoPhillips, Ford, GM, Fiat Chrysler, Chipotle, Amazon, eBay, and Facebook.
GATA Posts:
Craig Hemke at Sprott Money: The soaring dollar crushes the commodity rally
The Statistics:
As of close of business: 4/25/2018
Gold Warehouse Stocks: | 9,049,756.666 | - |
Silver Warehouse Stocks: | 261,417,195.069 | +377,424.51 |
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 | 871.196 | 28,009,830 | US$36,982m |
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$5,847m |
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$6,459m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$473m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 286.94: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,856.67: No change from yesterday's data.
Newmont's (NEM) first quarter results, Comstock's (LODE) first quarter results, Goldcorp's (GG) first quarter results and exploration update, Pan American's (PAAS) results release date, and Coeur's (CDE) filed technical report were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Harmony | HMY +4.06% $2.05 |
2. Yamana | AUY +2.08% $2.95 |
3. Alexco | AXU +1.99% $1.54 |
LOSERS
1. Americas Silver | USAS -9.72% $3.81 |
2. New Gold | NGD -6.77% $2.34 |
3. Coeur | CDE -3.33% $8.13 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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