• Gold: 1,291.75 -8.80
  • Silver: 16.94 -0.20
  • Euro: 1.192 0.003
  • USDX: 92.283 -0.225
  • Oil: 50.25 -0.46

April 13: Gold and Silver Gain Almost 3% on the Week

Chris Mullen
|
Thursday, April 13th

Please Note: US Markets are closed tomorrow in observance of Good Friday.

 

Close

Gain/Loss

On Week

Gold

$1287.50

+$6.00

+2.62%

Silver

$18.52

+$0.09

+2.95%

XAU

89.40

-0.03%

+3.81%

HUI

212.93

-0.15%

+4.47%

GDM

682.06

+0.14%

+4.15%

JSE Gold

1663.83

+53.81

+3.60%

USD

100.55

+0.30

-0.60%

Euro

106.17

-0.42

+0.18%

Yen

91.64

+0.04

+1.91%

Oil

$53.18

+$0.07

+1.80%

10-Year

2.232%

-0.034

-6.38%

Bond

153.875

+0.875

+1.67%

Dow

20453.25

-0.67%

-0.98%

Nasdaq

5805.15

-0.53%

-1.24%

S&P

2328.95

-0.68%

-1.13%

 
 
http://goldseek.com/news/GoldSeeker/2017/4-13gsr/1.jpg

The Metals:

 

Gold gained $7 to $1288.50 in London before it dropped back to $1281.90 at about 10AM EST, but it then rallied back higher into the close and ended with a gain of 0.47%. Silver climbed to $18.602 before it dropped back to $18.417, but it then bounced back higher in late trade and ended with a gain of 0.49%.

 

Euro gold rose to about €1213, platinum gained $2 to $971, and copper climbed a couple of cents to about $2.59.

 

Gold and silver equities rose over 1% at the open before they quickly fell to see slight losses in the next 10 minutes of trade and then returned to their opening highs by late morning, but they then drifted back lower into the close and ended near unchanged on the day.

The Economy:

 

Report

For

Reading

Expected

Previous

PPI

Mar

-0.1%

0.0%

0.3%

Core PPI

Mar

0.0%

0.2%

0.3%

Initial Claims

4/08

234K

251K

235K

Michigan Sentiment

Apr

98.0

97.0

96.9

 

Mortgage rates tumble to fresh 2017 low MarketWatch

 

Tomorrow brings CPI, Business Inventories, and Retail Sales.

 

All of this week’s other economic reports:

 

Michigan Sentiment - April

98.0 v. 96.9

Initial Claims - 4/08

234K v. 235K

PPI - March

-0.1% v. 0.3%

Core PPI - March

0.0% v. 0.3%

Treasury Budget - March

-$176B v. -$108B

Import Prices - March

-0.2% v. 0.4%

Import Prices ex-oil - March

0.2% v. 0.4%

Export Prices - March

0.2% v. 0.3%h

Export Prices ex-ag. - March

0.2% v. 0.3%

 

The Markets:

 

http://goldseek.com/news/GoldSeeker/2017/4-13gsr/1.png

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

 

Oil edged higher after the IEA said the global oil market was "very close" to reaching a balance between supply and demand.

 

The U.S. dollar index rebounded from yesterday’s late session dive.

 

Treasuries rose as the Dow, Nasdaq, and S&P dropped again on continued uncertainty about geopolitical developments after “U.S. forces dropped the largest non-nuclear bomb ever used in a strike against ISIS in eastern Afghanistan on Thursday.”

 

Among the big names making news in the market today were Citi, Wells Fargo, Sorrento, J.P. Morgan, ConocoPhillips, and Yext.

 

GATA Posts:

 

 

Ted Butler: Another opportunity to induce the CFTC to do its job

Trump warns that dollar is 'getting too strong'

 

The Statistics:

As of close of business: 4/12/2017

Gold Warehouse Stocks:

8,969,945.294

-289.359

Silver Warehouse Stocks:

189,792,925.882

-71,128.40

 

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

842.408

27,084,255

US$34,775m

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$5,704m

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$6,306m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$462m

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: 201.67: No change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 10,208.21: No change from yesterday’s data.

 

The Miners:

 

Taseko’s (TGB) operational results, Richmont’s (RIC) first quarter production results, Great Panther’s (GPL) director appointment, and Avino’s (ASM) first quarter production results were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1. Hecla

HL +6.38% $6.00

2. Gold Fields

GFI +5.74% $4.05

3. Almaden

AAU +4.24% $1.72

LOSERS

1. Northern Dynasty

NAK -9.89% $1.64

2. Taseko

TGB -5.74% $1.15

3. Great Panther

GPL -5.66% $1.50

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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