• Gold: 1,328.78 -2.67
  • Silver: 16.69 -0.04
  • Euro: 1.223 -0.001
  • USDX: 90.766 -0.18
  • Oil: 67.63 -0.11

April 11: Gold and Silver Gain with Oil While Stocks Fall

Chris Mullen
|
Wednesday, April 11th

 

Close

Gain/Loss

Gold

$1351.10

+$10.40

Silver

$16.66

+$0.08

XAU

83.69

+2.14%

HUI

182.93

+3.23%

GDM

635.47

+2.36%

JSE Gold

1118.09

+28.31

USD

89.56

-0.06

Euro

123.64

+0.07

Yen

93.61

+0.37

Oil

$66.82

+$1.31

10-Year

2.780%

-0.013

T-Bond

146.28125

+0.34375

Dow

24189.45

-0.90%

Nasdaq

7069.03

-0.36%

S&P

2642.19

-0.55%

 
http://www.goldseek.com/news/2018/2018-04-11_14-02-07.jpg

 

The Metals:

 

Gold gained $24.40 to as high as $1365.10 in late morning New York trade before it fell back under $1350 by a little after 2PM EST, but it then bounced back higher into the close and ended with a gain of 0.78%. Silver rose to as high as $16.866 and ended with a gain of 0.48%.

 

Euro gold rose to about €1093, platinum gained $2 to $929, and copper dropped 2 cents to about $3.11.

 

Gold and silver equities rose roughly 3% by midmorning and remained near that level for the rest of the day.

 

The Economy:

 

Federal Reserve policymakers all saw strengthening economy, inflation: minutes  Reuters

U.S. Core Inflation Accelerates as Drag From Phone Costs Fades  Bloomberg

 

Tomorrow brings Initial Jobless Claims and Import and Export Prices.

 

The Markets:

 

Oil rose 2% on rising tensions in the Middle East.

 

The U.S. dollar index traded mostly lower and treasuries found modest gains as the Dow, Nasdaq, and S&P dropped on geopolitics and fed uncertainty.

 

Among the big names making news in the market today were Deutsche Bank, Facebook, and CBS-Viacom.

 

GATA Posts:

 

 

So much for Iran's trying to get away from the dollar

Bullion Star interviews GATA secretary in Singapore

Bundesbank strives to show Germans that their gold is real

Correction to Allan Flynn's report on traders charged with 'spoofing'

 

The Statistics:

As of close of business: 4/10/2018

Gold Warehouse Stocks:

9,062,198.720

-

Silver Warehouse Stocks:

263,567,522.341

-16,020.02

 

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$37,343m

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$6,061m

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$6,691m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$485m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 279.24: +1.14 change from yesterday’s data.

 

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

 

The Miners:

 

Pretivm’s (PVG) first quarter 2018 production results, Alio Gold’s (ALO) preliminary production results, Golden Star’s (GSS) production results, Comstock’s (LODE) new director, B2GOLD’s (BTG) gold production and gold revenue for the first quarter of 2018, and Hecla’s (HL) first quarter 2018 production results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Pretivm

PVG +19.34% $8.27

2.  Yamana

AUY +6.43% $2.98

3.  B2GOLD

BTG +5.09% $2.89

 

LOSERS

1.  Great Panther

GPL -1.67% $1.18

2.  Freeport

FCX -1.21% $17.98

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

 

- Chris Mullen, Gold Seeker Report

 

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© Gold Seeker 2018

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