• Gold: 1,307.13 2.69
  • Silver: 16.70 0.04
  • Euro: 1.168 -0.004
  • USDX: 94.108 0.194
  • Oil: 68.83 -1.87

April 10: Gold and Silver Gain with Stocks and Oil

Chris Mullen
|
Tuesday, April 10th

 

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%

 
http://www.goldseek.com/news/2018/2018-04-10_14-04-36.jpg

 

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 €1085, 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.

 

The Economy:

 

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® Gold Shares

859.991

27,649,583

US$36,824m

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$5,939m

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$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.

 

The Miners:

 

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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© Gold Seeker 2018

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