Gold Seeker Closing Report: Gold and Silver Gain While Stocks Fall

	Close	Gain/Loss
Gold	$1331.50	+$6.50
Silver	$16.73	+$0.10
XAU	83.28	+0.03%
HUI	182.38	+1.40%
GDM	633.15	+0.87%
JSE Gold	1112.83	+2.36
USD	90.77	-0.16
Euro	122.37	+0.29
Yen	92.13	+0.04
Oil	$67.70	-$0.94
10-Year	2.992%	+0.017
T-Bond	142.50	-0.46875
Dow	24024.13	-1.74%
Nasdaq	7007.35	-1.70%
S&P	2634.56	-1.34%

The Metals:

Gold gained $3.50 to $1328.50 in Asia before it fell back to $1323.50 in London, but it then climbed to a new session high of $1332.60 in New York and ended with a gain of 0.49%. Silver chopped between $16.565 and $16.752 and ended with a gain of 0.6%.

Euro gold rose above EUR1088, platinum gained $14 to $929, and copper climbed 3 cents to about $3.14.

Gold and silver equities rose roughly 1% in the first 45 minutes of trade and remained near that level for the rest of the day.

The Economy:

U.S. consumer confidence, housing data highlight economy's strength Reuters

Consumer confidence in April rebounds close to 18-year high MarketWatch

Sales of New Homes in U.S. Advance to a Four-Month High Bloomberg

Home prices surge to a near four-year high, Case-Shiller shows MarketWatch

The Markets:

Oil fell over 1% "after French President Emmanuel Macron proposed negotiating a new deal with Iran to contain its nuclear program in a bid to keep the U.S. on board."

The U.S. dollar index edged lower on easing geopolitical tensions.

Treasuries remained weak on inflation concerns.

The Dow, Nasdaq, and S&P dropped nearly 2% on disappointing earnings and forecasts.

Among the big names making news in the market today were Harley, Alphabet, Caterpillar, Santander, Coca-Cola, Verizon, and Lockheed Martin.

GATA Posts:

Lots of metals market rigging described in federal trial

Did Steve Saville just applaud an assertion that all markets are rigged?

Here come the petrodollars, back to save global asset prices

Ted Butler: In interview, CFTC chairman avoids the obvious

The Statistics:

As of close of business: 4/23/2018

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	865.889	27,839,199	US$36,984m
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$5,899m
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$6,524m
Australian Stock Exchange (ASX)	Gold Bullion Securities	11.16	358,789	US$478m

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: 9,806.87: -43.95 change from yesterday's data.

The Miners:

Newmont's (NEM) dividend, Centerra's (CG.TO) comments on market speculation, Freeport's (FCX) first quarter results, Buenaventura's (BVN) VP appointment, and Barrick's (ABX) first quarter results were among the big stories in the gold and silver mining industry making headlines today.

WINNERS

LOSERS

Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.

- Chris Mullen, Gold Seeker Report

- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

Additional Resources for today's Gold Seeker Report can be found:

(C) Gold Seeker 2018

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.