April 10: Gold and Silver Reverse Early Losses To End Near Unchanged
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.
There are no major economic reports due out tomorrow.
Charts Courtesy of http://finance.yahoo.com/
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.
As of close of business: 4/7/2017
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Johannesburg Securities Exchange (JSE)
New Gold Debentures
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.
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.
1. Northern Dynasty
NAK +9.45% $1.39
CDE +3.59% $8.95
ABX +1.72% $19.47
TGB -2.24% $1.31
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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