• Gold: 1,265.78 9.80
  • Silver: 17.28 0.12
  • Euro: 1.122 0.001
  • USDX: 97.093 -0.155
  • Oil: 48.97 0.21

April 10: Gold and Silver Reverse Early Losses To End Near Unchanged

Chris Mullen
|
Monday, April 10th
 

Close

Gain/Loss

Gold

$1254.30

-$0.30

Silver

$17.94

-$0.05

XAU

86.67

+0.63%

HUI

205.03

+0.59%

GDM

658.31

+0.51%

JSE Gold

1557.64

-48.31

USD

101.05

-0.11

Euro

105.94

-0.04

Yen

90.12

+0.20

Oil

$53.08

+$0.84

10-Year

2.362%

-0.022

T-Bond

151.75

+0.25

Dow

20658.02

+0.01%

Nasdaq

5880.93

+0.05%

S&P

2357.16

+0.07%

 
 
http://goldseek.com/news/GoldSeeker/2017/4-10gsr/1.jpg

The Metals:

 

Gold saw a slight gain at $1255.80 in Asia before it fell to see a $7.20 loss at $1247.40 at the open of trade in New York and then rallied back to $1256.30 by midday, but it then chopped back lower in early afternoon trade and ended with a loss of 0.02%. Silver edged up to $18.015 before it dropped back to $17.748 and then also climbed back higher, but it still ended with a loss of 0.28%.

 

Euro gold remained at about €1184, platinum lost $13 to $938, and copper fell 4 cents to about $2.63.

 

Gold and silver equities fell over 1% at the open, but they then bounced back higher into the close and ended with modest gains.

The Economy:

 

Kashkari Slams Dimon in the Battle Over Bank Capital Bloomberg

Fed survey sees falling consumer inflation expectations forexlive

Inflation, retail sales face same chill that jobs growth did MarketWatch

Trump considers trade order that could lead to duties: official Reuters

 

There are no major economic reports due out tomorrow.

 

The Markets:

 

http://goldseek.com/news/GoldSeeker/2017/4-10gsr/1.png

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

 

Oil rose almost 2% after another shutdown at Libya's largest oilfield.

 

The U.S. dollar index erased early gains and ended lower on uncertainty about Yellen’s speech this afternoon.

 

Treasuries rose as the Dow, Nasdaq, and S&P traded mixed and near unchanged on geopolitical concerns.

 

Among the big names making news in the market today were AT&T and Straight Path Communications, Tesla, and Knight Transportation and Swift Transportation.

 

GATA Posts:

 

 

Silver shorting's only purpose is price suppression, Embry tells KWN

Hong Kong to help Myanmar set up a gold exchange

India's gold imports fall over 10 months but may be rebounding

Lawrie Williams: China may have suspended gold reserve reporting

Ed Steer: The powers-that-be were everywhere on Friday

Dubai exchange may launch gold contract for retail investors

 

The Statistics:

As of close of business: 4/7/2017

Gold Warehouse Stocks:

8,983,242.149

-30,667.555

Silver Warehouse Stocks:

188,416,903.414

-51,597.467

 

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

836.487

26,893,878

US$33,615m

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$5,568m

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$6,154m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$450m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

35.73

1,148,868

US$1,391m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 166.60: -33.66 change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 9,862.00: -346.21 change from yesterday’s data.

 

The Miners:

 

Comstock’s (LODE) land use changes in Nevada, Timmins Gold’s (TGD) environmental approval, and Gold Resource’s (GORO) drill results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. Northern Dynasty

NAK +9.45% $1.39

2. Coeur

CDE +3.59% $8.95

3. Barrick

ABX +1.72% $19.47

LOSERS

1. Taseko

TGB -2.24% $1.31

2. Avino

ASM -2.23% $1.75

3. Silver Standard

SSRI -1.89% $1.04

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 2017

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