• Gold: 1,260.37 0.09
  • Silver: 17.22 0.08
  • Euro: 1.122 -0.001
  • USDX: 97.054 0.07
  • Oil: 51.05 -0.03

April 18: Gold Rebounds From Midsession Drop To End Higher

Chris Mullen
|
Tuesday, April 18th
 

Close

Gain/Loss

Gold

$1290.10

+$6.30

Silver

$18.32

-$0.09

XAU

89.16

-0.22%

HUI

212.11

-0.19%

GDM

676.58

-0.72%

JSE Gold

1611.04

-52.79

USD

99.49

-0.84

Euro

107.32

+0.91

Yen

92.16

+0.39

Oil

$52.41

-$0.24

10-Year

2.181%

-0.069

T-Bond

155.125

+1.65625

Dow

20523.28

-0.55%

Nasdaq

5849.47

-0.12%

S&P

2342.19

-0.29%

 
 
http://goldseek.com/news/GoldSeeker/2017/4-18gsr/1.jpg

The Metals:

 

Gold edged up to $1287.30 in London before it spiked down to $1279.40 at about 10AM EST, but it then rose to a new session high of $1292.30 in early afternoon trade and ended with a gain of 0.49%. Silver slipped to as low as $18.091 before it also bounced back higher, but it still ended with a loss of 0.49%.

 

Euro gold fell to about €1202, platinum lost $9 to $974, and copper fell 7 cents to about $2.54.

 

Gold and silver equities traded mostly slightly lower and ended with modest losses.

The Economy:

 

Report

For

Reading

Expected

Previous

Capacity Utilization

Mar

76.1%

76.2%

75.7%

Industrial Production

Mar

0.5%

0.4%

0.1%

Building Permits

Mar

1260K

1240K

1216K

Housing Starts

Mar

1215K

1256K

1303K

 

IMF hikes global growth forecast despite tensions MarketWatch

 

Tomorrow brings the Fed's Beige Book.

 

The Markets:

 

http://goldseek.com/news/GoldSeeker/2017/4-18gsr/1.png

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

 

Oil edged lower ahead of tomorrow’s inventory data.

 

The U.S. dollar index fell and treasuries saw notable gains as the Dow, Nasdaq, and S&P dropped on poor earnings reports and political uncertainty.

 

Among the big names making news in the market today were Netflix, Pandora, Harley-Davidson, Cadillac, Bank of America, Goldman Sachs, and Johnson & Johnson.

 

GATA Posts:

 

 

New York Sun: Ron Paul's IMF question emerges in sharp relief in the era of Trump

Today's dumping of paper gold failed, Embry tells KWN

GATA Chairman Murphy interviewed by Kennedy Financial and Future Money Trends

 

The Statistics:

As of close of business: 4/17/2017

Gold Warehouse Stocks:

8,969,301.739

+1,381.895

Silver Warehouse Stocks:

193,278,118.080

+1,704,573.558

 

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$34,900m

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$5,734m

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$6,333m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$463m

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: 202.87: No change from yesterday’s data.

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

 

The Miners:

 

Gold Resource’s (GORO) preliminary first quarter 2017 production results, Randgold’s (GOLD) production forecast, Freeport’s (FCX) permitting in Indonesia, Timmins Gold’s (TGD) name change to Alio Gold, Comstock’s (LODE) neighbors in Nevada, and Fortuna’s (FSM) first quarter 2017 production results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. Buenaventura

BVN +2.27% $12.63

2. IAMGOLD

IAG +1.36% $4.48

3. Alexco

AXU +1.31% $1.55

LOSERS

1. Taseko

TGB -8.47% $1.08

2. Gold Standard

GSV -4.00% $1.92

3. Seabridge

SA -3.81% $11.35

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

- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2017

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Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.

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