• Gold: 1,304.25 -0.19
  • Silver: 16.62 -0.04
  • Euro: 1.167 -0.005
  • USDX: 94.089 0.175
  • Oil: 69.12 -1.58

April 9: Gold Rises and Silver Gains Nearly 1%

Chris Mullen
|
Monday, April 9th

 

 

Close

Gain/Loss

Gold

$1337.30

+$4.30

Silver

$16.50

+$0.14

XAU

81.05

-0.60%

HUI

175.74

-1.04%

GDM

613.89

-0.36%

JSE Gold

1111.01

-7.05

USD

89.84

-0.26

Euro

123.21

+0.38

Yen

93.71

+0.10

Oil

$63.42

+$1.36

10-Year

2.780%

+0.003

T-Bond

146.09375

+0.0625

Dow

23979.10

+0.19%

Nasdaq

6950.34

+0.51%

S&P

2613.16

+0.33%

 
http://www.goldseek.com/news/2018/2018-04-09_14-04-42.jpg

 

The Metals:

 

Gold fell $6.10 to $1326.90 in London, but it then rallied back higher in New York and ended near its late session high of $1337.90 with a gain of 0.32%. Silver rose to as high as $16.552 and ended with a gain of 0.86%.

 

Euro gold rose to about €1086, platinum gained $18 to $931, and copper climbed 3 cents to about $3.07.

 

Gold and silver equities fell nearly 2% in the first 45 minutes of trade before they climbed back to about unchanged by early afternoon, but they then drifted back lower into the close and ended with modest losses on the day.

 

The Economy:

 

U.S. Deficit to Surpass $1 Trillion Two Years Ahead of Estimates  Bloomberg

U.S. budget deficit to balloon on Republican tax cuts: CBO  Reuters

Have we learned anything from the recession, 10 years later?  MarketWatch

China blames U.S for trade frictions, says negotiations currently impossible  Reuters

 

Tomorrow brings PPI and Wholesale Trade.

 

The Markets:

 

Oil rose over 2% and the Dow, Nasdaq, and S&P ended modestly higher on easing trade tensions, but lingering political concerns erased much of the day’s gains by the close.

 

The U.S. dollar index fell and treasuries rose ahead of this week’s economic data.

 

Among the big names making news in the market today were Monsanto, Viacom, Facebook, Novartis, Merck, and GM.

 

GATA Posts:

 

 

Trump's 'America first' puts dollar last, Deutsche Bank analyst says

Russia would dump dollar and euro in oil trade with Turkey and Iran

Venezuela's kleptocratic regime gives gold, oil industries to military

China studies yuan devaluation as tool in trade dispute

Wall Street Raw Radio's Mark Leibovit interviews GATA's Bill Murphy

 

The Statistics:

As of close of business: 4/06/2018

Gold Warehouse Stocks:

9,062,198.720

-

Silver Warehouse Stocks:

263,290,446.415

-78,608.07

 

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

859.991

27,649,583

US$36,824m

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$5,919m

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$6,542m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$480m

Note: Change in Total Tonnes from yesterday’s data: SPDR added 5.898 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 276.43: +1.31 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,959.22: No change from yesterday’s data.

 

The Miners:

 

Newmont’s (NEM) roof collapse, Coeur’s (CDE) first quarter 2018 production and sales results, and Endeavour Silver’s (EXK) first quarter 2018 production results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Americas Silver

USAS +8.31% $3.65

2.  Endeavour Silver

EXK +7.02% $2.59

3.  Fortuna

FSM +4.62% $5.43

 

LOSERS

1.  Kinross

KGC -8.59% $3.62

2.  Sibanye

SBGL -5.01% $3.79

3.  Harmony

HMY -3.70% $2.34

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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