• Gold: 1,256.01 2.85
  • Silver: 16.05 0.15
  • Euro: 1.176 -0.003
  • USDX: 93.942 0.366
  • Oil: 57.29 0.14

April 26: Gold Gains While Silver Slips

Chris Mullen
|
Wednesday, April 26th
 

Close

Gain/Loss

Gold

$1269.50

+$5.70

Silver

$17.49

-$0.14

XAU

83.31

+1.13%

HUI

192.38

+0.52%

GDM

619.91

-0.24%

JSE Gold

1372.72

-14.79

USD

99.94

+0.16

Euro

109.09

-0.28

Yen

90.03

+0.01

Oil

$49.62

+$0.06

10-Year

2.302%

-0.032

T-Bond

152.78125

+0.375

Dow

20975.09

-0.10%

Nasdaq

6025.23

-0.00%

S&P

2387.45

-0.05%

 
 
http://goldseek.com/news/GoldSeeker/2017/4-26gsr/1.jpg

The Metals:

 

Gold waffled between $1266.40 and $1261.40 in Asia and London before it jumped up to $1266.80 in late morning New York trade and then pared back to $1260.40 in the next couple of hours, but it then jumped to a new session high of $1270.40 in the last minutes of trade and ended with a gain of 0.45%. Silver slipped to $17.33 before it also rallied back higher, but it still ended with a loss of 0.79%.

 

Euro gold rose to about €1164, platinum lost $5 to $948, and copper climbed a penny to about $2.60.

 

Gold and silver equities fell roughly 2% in early afternoon trade, but they then rallied back higher into the close and ended mostly higher on the day.

The Economy:

 

Congress moves closer to deal to avert government shutdown Reuters

Treasury's Mnuchin: Trump wants 15 percent corporate rate in 'biggest tax cut' in US history CNBC

Lowest mortgage rates since election push refinances up 7% CNBC

Here’s how much a Trump tax-plan letdown could whack the stock market MarketWatch

 

Tomorrow brings Durable Goods Orders, International Trade in Goods, Jobless Claims, and Pending Home Sales.

 

The Markets:

 

http://goldseek.com/news/GoldSeeker/2017/4-26gsr/1.png

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

 

Oil turned slightly higher after the Energy Information Administration reported that crude inventories fell 3.6 million barrels, gasoline inventories rose 3.4 million barrels, and distillates rose 2.7 million barrels.

 

The U.S. dollar index rose along with treasuries as the Dow, Nasdaq, and S&P traded mostly higher but ended lower on uncertainty about further details behind Trump’s tax plan.

 

Here's what was missing from Trump's tax plan that Wall Street really wanted CNBC

Trump proposes 15 percent business tax rate: White House summary Reuters

 

Among the big names making news in the market today were Express Scripts, Home Capital, PepsiCo, Credit Suisse, and Twitter.

 

GATA Posts:

 

 

China's net-gold imports via Hong Kong more than double in March

 

The Statistics:

As of close of business: 4/25/2017

Gold Warehouse Stocks:

8,954,376.878

-128.60

Silver Warehouse Stocks:

197,830,940.119

+943,675.134

 

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

854.250

27,464,998

US$34,647m

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$5,621m

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$6,199m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$453m

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 subtracted 5.921 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 204.36: No change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 10,181.70: +61.83 change from yesterday’s data.

 

The Miners:

 

Gold Fields’ (GFI) operating update, Gold Resource’s (GORO) dividend, and Silver Standard’s (SSRI) acquisition of a 19.9% interest in AbraPlata were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. Northern Dynasty

NAK +10.0% $1.65

2. Almaden

AAU +6.90% $1.55

3. Vista Gold

VGZ +5.75% $1.03

LOSERS

1. Sandstorm

SAND-9.90% $3.64

2. Gold Fields

GFI -3.68% $3.40

3. Great Panther

GPL -2.40% $1.22

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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