• Gold: 1,305.71 1.27
  • Silver: 16.68 0.02
  • Euro: 1.167 -0.005
  • USDX: 94.134 0.22
  • Oil: 68.71 -1.99

April 17: Gold and Silver Reverse Morning Losses To End Higher

Chris Mullen
|
Tuesday, April 17th

 

Close

Gain/Loss

Gold

$1347.30

+$1.30

Silver

$16.77

+$0.10

XAU

84.21

+0.27%

HUI

182.65

+0.10%

GDM

640.14

+0.42%

JSE Gold

1064.24

-32.80

USD

89.50

+0.04

Euro

123.75

-0.03

Yen

93.63

+0.34

Oil

$66.52

+$0.30

10-Year

2.840%

+0.008

T-Bond

145.8125

+0.34375

Dow

24786.63

+0.87%

Nasdaq

7281.10

+1.74%

S&P

2706.39

+1.07%

 
http://www.goldseek.com/news/2018/2018-04-17_14-17-09.jpg

 

The Metals:

 

Gold gained $2.80 to $1348.80 in Asia before it fell back to $1337.70 at about 9AM EST, but it then rallied back higher for most of the rest of trade and ended with a gain of 0.1%. Silver chopped between $16.584 and $16.799 and ended with a gain of 0.6%.

 

Euro gold rose to about €1089, platinum gained $5 to $931, and copper remained at about $3.09.

 

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

 

The Economy:

 

IMF lifts U.S. growth outlook on tax-cut view  MarketWatch

Factory Output in U.S. Cools After Surging in Previous Month  Bloomberg

U.S. housing starts increase, single-family segment weak  Reuters

 

Tomorrow brings the fed’s Beige Book.

 

The Markets:

 

Oil edged higher ahead of tomorrow’s supply data.

 

The U.S. dollar index found modest gains as the euro dipped on disappointing wage and sentiment data.

 

Treasuries traded mixed as shorter term maturities fell on the outlook for more rate hikes while longer dated bonds found continued support from geopolitical risks.

 

The Dow, Nasdaq, and S&P gained roughly 1% on mostly better than expected earnings reports.

 

Among the big names making news in the market today were IBM, Twitter, Goldman Sachs, Johnson & Johnson, Tesla, and Netflix.

 

GATA Posts:

 

 

GATA publishes its federal tax returns

GATA's federal tax return for 2017

GATA's federal tax return for 2016

GATA's federal tax return for 2015

Venezuela's 'suffocating' oil workers request dollar payments

China increases U.S. Treasuries holdings despite trade tension

Dollar and IMF oppress but gold doesn't, Turkish president says

IMF loans should be paid in gold, not dollars, Turkey's president says

Prosecution unfair to bullion bank trader, federal judge says

 

The Statistics:

As of close of business: 4/16/2018

Gold Warehouse Stocks:

9,051,749.970

-

Silver Warehouse Stocks:

263,191,013.479

-605,295.10

 

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

865.889

27,839,199

US$37,356m

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$5,967m

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$6,594m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$483m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 282.25: +0.50 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,959.22: No change from yesterday’s data.

 

The Miners:

 

Avino’s (ASM) production results and Golden Minerals’ (AUMN) filed Technical Report were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Americas Silver

USAS +6.25% $3.91

2.  Endeavour Silver

EXK +4.96% $2.96

3.  Paramount

PZG +3.33% $1.55

 

LOSERS

1.  Sibanye

SBGL -4.53% $3.37

2.  DRDGOLD

DRD -3.79% $2.54

3.  Avino

ASM -2.84% $1.37

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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