• Gold: 1,255.79 2.63
  • Silver: 16.05 0.15
  • Euro: 1.176 -0.003
  • USDX: 93.955 0.379
  • Oil: 57.31 0.16

April 27: Gold and Silver Fall With Oil

Chris Mullen
|
Thursday, April 27th
 

Close

Gain/Loss

Gold

$1265.00

-$4.50

Silver

$17.30

-$0.19

XAU

81.08

-2.68%

HUI

187.77

-2.40%

GDM

610.33

-1.57%

JSE Gold

1372.72

-14.79

USD

99.11

+0.17

Euro

108.80

-0.29

Yen

89.97

-0.06

Oil

$48.97

-$0.65

10-Year

2.295%

-0.007

T-Bond

152.78125

+0.125

Dow

20981.33

+0.03%

Nasdaq

6048.94

+0.39%

S&P

2388.77

+0.06%

 
 
http://goldseek.com/news/GoldSeeker/2017/4-27gsr/1.jpg

The Metals:

 

Gold fell $8.20 to $1261.30 at about 10AM EST before it rallied back higher in the next couple of hours of trade, but it then drifted back lower into the close and ended with a loss of 0.35%. Silver slipped to as low as $17.262 and ended with a loss of 1.09%.

 

Euro gold fell to about €1163, platinum lost $7 to $941, and copper remained at about $2.60.

 

Gold and silver equities fell roughly 3% by midmorning before they bounced back higher at times, but they still ended with about 2% losses on the day.

The Economy:

 

Report

For

Reading

Expected

Previous

Durable Goods

Mar

0.7%

1.1%

2.3%

Durable Goods -ex trans.

Mar

-0.2%

0.4%

0.7%

Initial Claims

4/22

257K

244K

243K

International Trade in Goods

Mar

-$64.8B

-$65.3B

-$63.9B

Pending Home Sales

Mar

-0.8%

-0.5%

5.5%

 

40% of Americans spend half of their income servicing debt MarketWatch

Trump backs off threats, promises U.S. will stay in Nafta MarketWatch

 

Tomorrow brings GDP, the Employment Cost Index, Chicago PMI, and Consumer Sentiment.

 

The Markets:

 

http://goldseek.com/news/GoldSeeker/2017/4-27gsr/1.png

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

 

Oil dropped over 1% after a restart of two key oilfields in Libya added to oversupply concerns.

 

The U.S. dollar index rose as the euro fell after “European Central Bank President Mario Draghi emphasized that the eurozone’s economic outlook remains uncertain.”

 

Treasuries saw slight gains as the Dow, Nasdaq, and S&P traded mixed on policy uncertainty.

 

Among the big names making news in the market today were KKR, Dow Chemical, Total, Lazard, GrubHub, AstraZeneca, Nintendo, U.S. Steel, Deutsche Bank, Samsung, Procter & Gamble, Ford, Netflix, and Under Armour.

 

GATA Posts:

 

 

Alasdair Macleod: End of empire

 

The Statistics:

As of close of business: 4/26/2017

Gold Warehouse Stocks:

8,954,376.878

-

Silver Warehouse Stocks:

196,551,129.611

-1,279,810.508

 

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$34,673m

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$5,619m

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$6,212m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$454m

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: 204.36: No change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 10,272.97: +91.27 change from yesterday’s data.

 

The Miners:

 

Goldcorp’s (GG) voting results for the election of its Board of Directors, Solitario’s (XPL) acquisition of Zazu (ZAZ.V), and Excellon’s (EXN.TO) optimization program update and first quarter 2017 production results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. Avino

ASM +7.59% $1.56

2. Richmont

RIC +0.69% $7.30

3. Americas Silver

USAS +0.33% $3.05

LOSERS

1. New Gold

NGD-10.32% $2.78

2. Northern Dynasty

NAK -7.27% $1.53

3. Coeur

CDE -5.98% $8.80

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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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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