• Gold: 1,302.46 -1.98
  • Silver: 16.60 -0.06
  • Euro: 1.171 -0.001
  • USDX: 93.914 0.156
  • Oil: 70.66 -0.04

April 26: Gold Seeker Closing Report: Gold and Silver Edge Lower While Stocks Gain

Chris Mullen
|
Thursday, April 26th

 

Close

Gain/Loss

Gold

$1317.50

-$5.60

Silver

$16.52

-$0.04

XAU

82.52

+0.07%

HUI

180.53

-0.17%

GDM

630.18

+0.33%

JSE Gold

1095.67

+0.56

USD

91.59

+0.39

Euro

121.06

-0.68

Yen

91.60

+0.07

Oil

$68.19

+$0.14

10-Year

2.982%

-0.044

T-Bond

142.46875

+0.71875

Dow

24322.34

+0.99%

Nasdaq

7118.68

+1.64%

S&P

2666.94

+1.04%

 
http://www.goldseek.com/news/2018/2018-04-26_14-01-55.jpg

 

The Metals:

 

Gold fell $7.70 to $1315.40 by midday in New York before it bounced back higher into the close, but it still ended with a loss of 0.42%. Silver slipped to as low as $16.425 and ended with a loss of 0.24%.

 

Euro gold rose above €1088, platinum lost $9 to $906, and copper dropped a penny to about $3.12.

 

Gold and silver equities traded mostly slightly higher and ended with modest gains.

 

The Economy:

 

U.S. Jobless Claims Slump on Return of New York School Workers  Bloomberg

U.S. trade deficit in goods drops in March for first time in seven months  MarketWatch

U.S. business spending on equipment slowing; job market strong  Reuters

 

Tomorrow brings GDP, Chicago PMI, and Consumer Sentiment.

 

The Markets:

 

Oil rose on concerns about new sanctions for Iran.

 

The U.S. dollar index climbed higher as the euro fell after the ECB maintained its pledge to move slowly in removing euro-area stimulus.

 

Treasuries bounced back from recent losses on disappointing economic data.

 

The Dow, Nasdaq, and S&P gained roughly 1% on strong earnings reports.

 

Among the big names making news in the market today were Barclays, Deutsche Bank, ConocoPhillips, Ford, GM, Fiat Chrysler, Chipotle, Amazon, eBay, and Facebook.

 

GATA Posts:

 

 

Craig Hemke at Sprott Money: The soaring dollar crushes the commodity rally

 

The Statistics:

As of close of business: 4/25/2018

Gold Warehouse Stocks:

9,049,756.666

-

Silver Warehouse Stocks:

261,417,195.069

+377,424.51

 

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

871.196

28,009,830

US$36,982m

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$5,847m

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$6,459m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$473m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 286.94: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,856.67: No change from yesterday’s data.

 

The Miners:

 

Newmont’s (NEM) first quarter results, Comstock’s (LODE) first quarter results, Goldcorp’s (GG) first quarter results and exploration update, Pan American’s (PAAS) results release date, and Coeur’s (CDE) filed technical report were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Harmony

HMY +4.06% $2.05

2.  Yamana

AUY +2.08% $2.95

3.  Alexco

AXU +1.99% $1.54

 

LOSERS

1.  Americas Silver

USAS -9.72% $3.81

2.  New Gold

NGD -6.77% $2.34

3.  Coeur

CDE -3.33% $8.13

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

 

- Chris Mullen, Gold Seeker Report

 

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

© Gold Seeker 2018

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