• Gold: 1,267.76 -0.68
  • Silver: 17.19 -0.04
  • Euro: 1.089 -0.000
  • USDX: 99.041 -0.035
  • Oil: 49.25 -0.06

April 17: Gold and Silver Reverse Early Gains To End Slightly Lower

Chris Mullen
|
Monday, April 17th
 

Close

Gain/Loss

Gold

$1283.80

-$3.70

Silver

$18.41

-$0.11

XAU

89.36

-0.05%

HUI

212.52

-0.19%

GDM

680.92

-0.23%

JSE Gold

1663.83

+53.81

USD

100.33

-0.22

Euro

106.41

+0.24

Yen

91.77

+0.13

Oil

$52.65

-$0.53

10-Year

2.250%

+0.018

T-Bond

153.53125

-0.46875

Dow

20636.92

+0.90%

Nasdaq

5856.79

+0.89%

S&P

2349.01

+0.86%

 
 
http://goldseek.com/news/GoldSeeker/2017/4-17gsr/1.jpg

The Metals:

 

Gold jumped $7.90 to $1295.40 at the open of trade in Asia before it pared back to $1285.80 in London and then bounced back to $1292.70 in late morning New York trade, but it then fell back off into the close and ended with a loss of 0.29%. Silver rose to as high as $18.652 and ended with a loss of 0.59%.

 

Euro gold fell to about €1207, platinum gained $12 to $983, and copper climbed 2 cents to abut $2.61.

 

Gold and silver equities waffled near unchanged and ended slightly lower.

The Economy:

 

Report

For

Reading

Expected

Previous

Empire Manufacturing

Apr

5.2

13.0

16.4

NAHB Housing Market Index

Apr

68

70

71

 

Atlanta and N.Y. Fed cut U.S. first quarter GDP view after weak data Reuters

 

Tomorrow brings Building Permits, Housing Starts , Capacity Utilization, and Industrial Production.

 

The Markets:

 

http://goldseek.com/news/GoldSeeker/2017/4-17gsr/1.png

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

 

Oil fell 1% on the outlook for rising US production.

 

The U.S. dollar index dropped as the yen rose on continued concerns about North Korea.

 

Treasuries reversed early gains as the Dow, Nasdaq, and S&P climbed higher on strong economic growth in China.

 

Among the big names making news in the market today were Blackstone, MoneyGram, Arconic, and Wells Fargo.

 

GATA Posts:

 

 

Ronan Manly: Death spiral for LBMA gold and silver auctions?

GoldSeek Radio interviews GATA Chairman Bill Murphy

 

The Statistics:

As of close of business: 4/13/2017

Gold Warehouse Stocks:

8,967,919.844

-2,025.45

Silver Warehouse Stocks:

191,573,544.522

+1,780,618.64

 

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

848.921

27,293,664

US$35,043m

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$460m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

35.73

1,148,868

US$1,391m

Note: Change in Total Tonnes from yesterday’s data: SPDR added 6.513 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 202.87: +1.20 change from yesterday’s data.

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

 

The Miners:

 

WINNERS

1. Taseko

TGB +2.61% $1.18

2. Sandstorm

SAND +1.34% $4.55

3. Kinross

KGC +1.32% $3.85

LOSERS

1. Almaden

AAU -7.56% $1.59

2. Richmont

RIC -7.10% $7.85

3. Northern Dynasty

NAK -6.10% $1.54

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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