• Gold: 1,301.33 1.22
  • Silver: 16.47 -0.02
  • Euro: 1.165 -0.001
  • USDX: 94.188 0.279
  • Oil: 67.69 -3.01

April 19: Gold Edges Lower While Silver Gains

Chris Mullen
|
Thursday, April 19th

 

Close

Gain/Loss

Gold

$1346.00

-$2.60

Silver

$17.25

+$0.07

XAU

85.67

+0.55%

HUI

185.25

+0.50%

GDM

644.15

+0.01%

JSE Gold

1106.68

+12.70

USD

89.87

+0.25

Euro

123.51

-0.27

Yen

93.31

-0.05

Oil

$68.29

-$0.18

10-Year

2.912%

+0.035

T-Bond

143.71875

-1.21875

Dow

24664.89

-0.34%

Nasdaq

7238.06

-0.78%

S&P

2693.13

-0.57%

 
http://www.goldseek.com/news/2018/2018-04-19_14-01-28.jpg

 

The Metals:

 

Gold gained $6 to $1354.60 in Asia before it dropped back to $1341.10 in late morning New York trade and then bounced back higher into the close, but it still ended with a loss of 0.19%. Silver climbed up to $17.349 before it fell down to $17.074, but it quickly rebounded and ended with a gain of 0.41%.

 

Euro gold remained at about €1090, platinum lost $2 to $932, and copper fell 3 cents to about $3.14.

 

Gold and silver equities waffled near unchanged and ended slightly higher.

 

The Economy:

 

U.S. Leading Economic Index Rises In Line With Estimates In March  Nasdaq

Philly Fed manufacturing index points to continued growth in April  MarketWatch

U.S. weekly jobless claims dip in latest week  Reuters

 

The Markets:

 

Oil edged lower as the U.S. dollar index followed treasury yields higher on inflation worries.

 

The Dow, Nasdaq, and S&P fell on poor earnings reports.

 

Among the big names making news in the market today were Apple, Philip Morris, Facebook, Alibaba, and Nike.

 

GATA Posts:

 

 

Ecuador is getting realistic and practical about exploiting its mineral wealth

Iran switches from dollar to euro as official reporting currency

 

The Statistics:

As of close of business: 4/18/2018

Gold Warehouse Stocks:

9,050,142.470

-803.75

Silver Warehouse Stocks:

261,727,404.079

-198,277.93

 

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

865.889

27,839,199

US$37,536m

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$5,970m

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$6,589m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$483m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 284.14: +0.54 change from yesterday’s data.

 

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

 

The Miners:

 

SEMAFO’s (SMF.TO) mine construction, Randgold’s (GOLD) workers’ strike, Gold Resource’s (GORO) maiden mineral reserve, First Majestic’s (AG) first quarter production, and Excellon’s (EXN.TO) first quarter production were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Americas Silver

USAS +7.23% $4.30

2.  Gold Resource

GORO +5.92% $5.19

3.  Taseko

TGB +5.43% $1.36

 

LOSERS

1.  Alamos

AGI -2.80% $5.55

2.  Agnico Eagle

AEM -2.38% $44.39

3.  Sandstorm

SAND -1.66% $4.73

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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