• Gold: 1,278.80 1.39
  • Silver: 16.95 0.02
  • Euro: 1.174 0.001
  • USDX: 94.08 0.113
  • Oil: 56.4 -0.41

April 20: Gold and Silver End Mixed While Stocks Rise On Tax Cut Talk

Chris Mullen
|
Thursday, April 20th
 

Close

Gain/Loss

Gold

$1281.20

+$2.00

Silver

$18.01

-$0.13

XAU

86.77

+0.55%

HUI

205.21

+0.42%

GDM

656.73

+0.13%

JSE Gold

1520.17

-53.16

USD

99.81

+0.04

Euro

107.21

+0.07

Yen

91.51

-0.36

Oil

$50.27

-$0.17

10-Year

2.236%

+0.022

T-Bond

154.15625

-0.59375

Dow

20578.71

+0.85%

Nasdaq

5916.78

+0.92%

S&P

2355.84

+0.76%

 
 
http://goldseek.com/news/GoldSeeker/2017/4-20gsr/1.jpg

The Metals:

 

Gold chopped up to $1283.20 in late morning New York trade before it dropped back to $1276.70 in early afternoon action, but it then bounced back higher into the close and ended with a gain of 0.16%. Silver slipped to as low as $17.879 before it also rallied back higher, but it still ended with a loss of 0.72%.

 

Euro gold remained at about €1195, platinum gained $12 to $976, and copper climbed a penny to about $2.55.

 

Gold and silver equities waffled near unchanged and ended with slight gains.

The Economy:

 

Report

For

Reading

Expected

Previous

Initial Claims

4/15

244K

242K

234K

Philadelphia Fed

Apr

22.0

25.5

32.8

Leading Indicators

Mar

0.4%

0.2%

0.6%

 

U.S. Mortgage Rates Drop to Five-Month Low With 30-Year at 3.97% Bloomberg

Fed's Powell suggests streamlining bank stress tests Reuters

 

Tomorrow brings Existing Home Sales.

 

The Markets:

 

http://goldseek.com/news/GoldSeeker/2017/4-20gsr/1.png

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

 

Oil edged lower in mixed trade on continued concerns about growing U.S. crude production.

 

The U.S. dollar index reversed morning losses into modest afternoon gains and treasuries fell as the Dow, Nasdaq, and S&P rose as much as 1% after Treasury Secretary Steven Mnuchin said “we’re going to get tax reform done.”

 

Among the big names making news in the market today were Tesla, Citigroup, Verizon, and Blackstone.

 

GATA Posts:

 

 

Ted Butler: A secret and illegal agreement

Gold trading systems experience growing pains

 

The Statistics:

As of close of business: 4/19/2017

Gold Warehouse Stocks:

8,952,619.374

-707.30

Silver Warehouse Stocks:

194,303,977.520

+1,025,859.44

 

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

860.763

27,674,384

US$35,474m

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$5,689m

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$6,287m

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 11.842 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 204.36: +0.90 change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 10,149.32: -29.44 change from yesterday’s data.

 

The Miners:

 

Newmont’s (NEM) mill expansion, Nevsun’s (NSU) drilling and project update, Goldcorp’s (GG) take-over bid for Exeter (XRA), First Majestic’s (AG) first quarter production, and Hecla’s (HL) first quarter production were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. Taseko

TGB +8.92% $1.09

2. Almaden

AAU +6.08% $1.57

3. Nevsun

NSU +5.96% $2.49

LOSERS

1. Avino

ASM -2.42% $1.61

2. Great Panther

GPL -2.21% $1.33

3. Richmont

RIC -1.92% $7.65

Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.

- Chris Mullen, Gold Seeker Report

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© Gold Seeker 2017

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