• Gold: 1,285.27 -8.40
  • Silver: 17.00 -0.27
  • Euro: 1.174 -0.005
  • USDX: 93.95 0.288
  • Oil: 55.84 -0.97

April 4: Gold and Silver Gain Again

Chris Mullen
|
Tuesday, April 4th
 

Close

Gain/Loss

Gold

$1256.30

+$3.10

Silver

$18.31

+$0.09

XAU

86.28

+1.15%

HUI

204.52

+1.30%

GDM

652.09

+1.36%

JSE Gold

1492.73

+57.13

USD

100.57

+0.07

Euro

106.68

-0.10

Yen

90.30

+0.12

Oil

$51.03

+$0.79

10-Year

2.359%

+0.024

T-Bond

151.5625

-0.1875

Dow

20689.24

+0.19%

Nasdaq

5898.61

+0.07%

S&P

2360.16

+0.06%

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

The Metals:

 

Gold gained $8 to $1261.20 by a little after 8AM EST before it dropped down to $1254.10 by midmorning, but it then bounced back higher into the close and ended with a gain of 0.25%. Silver rose to as high as $18.409 and ended with a gain of 0.49%.

 

Euro gold rose to about €1078, platinum gained $5.50 to $958, and copper climbed a penny to about $2.63.

 

Gold and silver equities rose over 1% at the open and remained near that level for the rest of the day.

The Economy:

 

Report

For

Reading

Expected

Previous

Trade Balance

Feb

-$43.6B

-$44.7B

-$48.2B

Factory Orders

Feb

1.0%

0.9%

1.5%

 

Fed's Lacker leaves central bank over role in Medley leak Reuters

Trump says infrastructure plan could top $1 trillion MarketWatch

 

Tomorrow brings ADP Employment, ISM Services, and FOMC Minutes.

 

The Markets:

 

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

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

 

Oil rose almost 2% before tomorrow’s inventory data.

 

The U.S. dollar index saw slight gains and treasuries edged lower as the Dow, Nasdaq, and S&P held near unchanged ahead of economic data and trade meetings comping up later in the week.

 

Among the big names making news in the market today were Boeing, GM, Nvidia, and McDonald’s.

 

GATA Posts:

 

 

Yes, Michael Kramer, but WHY hasn't gold kept up with inflation?

Proven and Probable interviews GATA Chairman Murphy

Ronan Manly: More consolidation in gold refinery business in Europe

TF Metals Report: Infinite imaginary supply from futures keeps silver down

Obscure Comex mechanism getting heavy use, suggesting short squeeze in gold, Turk says

 

The Statistics:

As of close of business: 4//2017

Gold Warehouse Stocks:

8,903,407.737

+31,397.125

Silver Warehouse Stocks:

191,214,929.180

+1,000,361.41

 

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

836.765

26,902,831

US$33,822m

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$5,576m

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$6,162m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$451m

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 4.441 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 199.85: No change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 10,274.29: No change from yesterday’s data.

 

The Miners:

 

Newmont’s (NEM) sustainability report, New Gold’s (NGD) fatality in Australia, Nevsun’s (NSU) assay results, and Timmins Gold’s (TGD) first quarter production results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. Endeavour Silver

EXK +10.68% $3.73

2. Almaden

AAU +6.19% $1.20

3. DRDGOLD

DRD +3.79% $5.20

LOSERS

1. Northern Dynasty

NAK -4.96% $1.34

2. NovaGold

NG -2.59% $4.88

3. Seabridge

SA -1.75% $11.20

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

© Gold Seeker 2017

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