Close | Gain/Loss | |
Gold | $1639.30 | -$10.90 |
Silver | $31.56 | -$0.13 |
XAU | 165.96 | -0.65% |
HUI | 446.81 | -0.93% |
GDM | 1290.70 | -0.97% |
JSE Gold | 2237.15 | -18.01 |
USD | 79.58 | +0.03 |
Euro | 131.16 | -0.10 |
Yen | 123.07 | -0.61 |
Oil | $102.67 | -$1.53 |
10-Year | 1.982% | -0.027 |
T-Bond | 141.78125 | +0.50 |
Dow | 13032.75 | -0.6% |
Nasdaq | 3031.45 | -0.37% |
S&P | 1385.14 | -0.41% |
The Metals:
Gold edged up to $1654.28 in Asia before it fell back to $1637.78 at about 9AM EST, but it then bounced back higher in New York and ended with a loss of just 0.66%.Silver slipped to as low as $31.35 before it also rallied back higher in late trade and ended with a loss of 0.41%.
Euro gold fell to about €1250, platinum lost $8.50 to $1572, and copper fell slightly to about $3.63.
Gold and silver equities fell about 1% by midday and remained near that level for the rest of the day.
The Economy:
U.S. faces big tax, budget test at year end: Geithner Reuters
Mortgage Applications Jump On Refinancing Surge CNBC
Tomorrow at 8:30AM EST brings Initial Jobless Claims for 4/14 expected at 375,00 and at 10AM are Existing Home Sales for March expected at 4,620,000, Leading Indicators for March expected at 0.2%, and the Philadelphia Fed for April expected at 10.3.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil remained lower after the Energy Information Administration reported that crude inventories rose 3.9 million barrels, gasoline inventories fell 3.7 million barrels, and distillates fell 2.9 million barrels.
The U.S. dollar index rose in early trade as the euro fell ahead of tomorrow’s Spanish bond auction, but both currencies pared back to about unchanged by the close.
Treasuries rose as the Dow, Nasdaq, and S&P traded mostly lower on poor earnings reports and worries about Spain.
Among the big names making news in the market today were Halliburton, BlackRock, Nestle, BNY Mellon, SXC Health Solutions and Catalyst Health Solutions, and Bank of America.
GATA Posts:
As sanctions bite, Syria said to be selling gold reserves at 15% discount
Dividends best defense against gold ETF, Kirkland Lake Gold CEO says
NY bureau chief for The Economist says gold is a better currency
The Statistics:
As of close of business: 4/17/2012
Gold Warehouse Stocks: | No data yet | - |
Silver Warehouse Stocks: | 138,036,600.741 | -2,084,268.45 |
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) | SPDR® Gold Shares | 1286.167 | 41,351,566 | US$67,964m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 115.09 | 3,700,236 | US$6,078m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 126.23 | 4,058,350 | US$6,985m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 472,457 | US$750m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 39.87 | 1,281,721 | US$2,124m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 180.17: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,636.69: No change from yesterday’s data.
NovaGold’s (NG) appointments, Ivanhoe’s (IVN) rights offering and agreement with Rio Tinto (RIO), ITH’s (THM) exploration program, McEwen’s (MUX) first quarter production, and Hochschild’s (HOCH.L) affirmed output were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1.Entree | EGI +20.21% $1.13 |
2.Ivanhoe | IVN+15.99%$13.64 |
3.Avino | ASM +5.56% $1.90 |
LOSERS
1.McEwen | MUX -7.86% $3.40 |
2.Extorre | XG -6.29% $4.62 |
3.Mines MGMT | MGN-6.25% $1.50 |
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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©Gold Seeker 2012
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