• Gold: 1,498.96 -15.28
  • Silver: 16.96 -0.16
  • Euro: 1.110 0.001
  • USDX: 98.195 0.053
  • Oil: 55.02 0.11

April 1: Gold Edges Up While Silver Slips

Chris Mullen
|
Monday, April 1st
 

Close

Gain/Loss

Gold

$1598.50

+$0.90

Silver

$28.01

$-0.41

XAU

133.98

-1.30%

HUI

353.15

-1.11%

GDM

1037.46

-1.22%

JSE Gold

1856.04

-8.85

USD

82.74

-0.25

Euro

128.49

+0.31

Yen

107.14

+0.93

Oil

$97.07

-$0.16

10-Year

1.840%

-0.012

T-Bond

144.84375

+0.375

Dow

14572.85

-0.04%

Nasdaq

3239.17

-0.87%

S&P

1562.17

-0.45%

 
 

The Metals:

 

Gold chopped around in a tight range of $1595.00 to $1600.90 in lackluster post-holiday trade and ended with a gain of 0.06%. Silver slipped to as low as $27.87 and ended with a loss of 1.44%.

 

Euro gold closed above €1244, platinum gained $24 to $1588, and copper settled near $3.71.

 

Gold and silver equities traded mostly slightly lower and ended with about 1% losses.

The Economy:

 

Report

For

Reading

Expected

Previous

ISM Index

Mar

51.3

54.0

54.2

Construction Spending

Feb

1.2%

0.9%

-2.1%

 

Tomorrow at 10AM EST brings Factory Orders for February expected at 2.6%.

 

The Markets:

 

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

 

Oil fell along with the U.S. dollar index on this morning’s worse than expected manufacturing data that sent treasuries higher and the Dow, Nasdaq, and S&P lower.

 

Among the big names making news in the market today were J.C. Penney, Novartis, Tesla, Chesapeake, Exxon, and Lear.

 

GATA Posts:

 

 

Australia and China plan to trade directly in their own currencies

In Daily Reckoning interview, Sprott notes central banks' deceptive accounting of gold

Fed shorting gold to support dollar, former Assistant Treasury Secretary Roberts says

 

The Statistics:

As of close of business: 3/28/2013

Gold Warehouse Stocks:

9,246,067.464

-33,365.535

Silver Warehouse Stocks:

164,446,884.569

+283,792.63

 

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)

SPDR® Gold Shares

1221.260

39,264,721

US$62,727m

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$7,084m

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$8,004m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$573m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

42.45

1,364,715

US$2,214m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 212.16: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,703.59: No change from yesterday’s data.

 

The Miners:

 

Alamos Gold’s (AGI) dividend and permitting update, MAG Silver’s (MVG) 2012 results, Alexco’s (AXU) private placement, and Impact Silver’s (IPT.V) 2012 results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. Golden Minerals

AUMN +2.94% $2.45

2. Avino

ASM +1.36% $1.49

3. Alamos

AGI +0.95% $13.84

LOSERS

1. Revett

RVM -9.21% $2.07

2. Vista Gold

VGZ -6.94% $2.01

3. Almaden

AAU -6.94% $2.01

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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© Gold Seeker 2013

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