April 19: Gold and Silver Fall Almost 1%
Gold dropped $14.60 to $1275.50 in midmorning New York trade before it edged back higher at times, but it still ended with a loss of 0.84%. Silver slipped to as low as $18.099 and ended with a loss of 0.98%.
Euro gold fell to about €1195, platinum lost $10 to $964, and copper remained at about $2.54.
Gold and silver equities fell roughly 4% by midafternoon before they bounced back higher into the close, but they still ended with over 3% losses on the day.
Tomorrow brings Initial Claims, the Philadelphia Fed, and Leading Indicators.
Charts Courtesy of http://finance.yahoo.com/
Oil dropped almost 4% after the Energy Information Administration reported that crude inventories fell 1.0 million barrels, gasoline inventories rose 1.5 million barrels, and distillates fell 2.0 million barrels.
The U.S. dollar index rose and treasuries fell while the Dow, Nasdaq, and S&P traded mixed as mostly positive earnings reports were offset by concerns about oil’s drop.
Among the big names making news in the market today were GNC, BlackRock, Morgan Stanley, Abbott, and IBM.
As of close of business: 4/18/2017
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: 203.46: +0.59 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,178.76: -29.45 change from yesterday’s data.
Centerra Gold’s (CG.TO) discharge permit, Seabridge Gold’s (SA) bought deal public offering, AuRico’s (AMI.TO) corporate update, and McEwen’s (MUX) production results were among the big stories in the gold and silver mining industry making headlines today.
PZG +3.63% $1.71
SA +3.08% $11.70
AXU -7.74% $1.43
AAU -7.50% $1.48
TGB -7.34% $1.00
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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