Gold dropped down to $1230.05 in early Asian trade before it bounced back to $1243.84 by about 4AM EST, but it then fell back off again for most of the rest of the day and ended near its late session low of $1223.84 with a loss of 1.41%. Silver slipped to $15.904 before it rallied back to $16.243 and then also fell back off, but it ended with a loss of just 0.62%.
Euro gold fell to about €1089, platinum lost $11 to $986, and copper remained at about $2.17.
Gold and silver equities fell as much as 5% by early afternoon before they cut their losses in the last few hours of trade, but they still ended about 3% lower on the day.
Tomorrow brings Empire Manufacturing, Capacity Utilization, Industrial Production, and Net Long-Term TIC Flows.
Charts Courtesy of http://finance.yahoo.com/
Among the big names making news in the market today were Valeant, Fannie, Freddie, BMW, Wells Fargo, Bank of America, Delta Air, BlackRock, and Microsoft.
As of close of business: 4/13/2016
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Johannesburg Securities Exchange (JSE)
New Gold Debentures
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 5.053 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 188.04: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,396.29: -59.19 change from yesterday’s data.
Gold Resource’s (GORO) drill campaign, Kirkland’s (KGI.TO) Q1 production and 2016 guidance, First Majestic’s (AG) Q1 production, Hecla’s (HL) Q1 production, and Santacruz Silver’s (SCZ.V) Q1 production were among the big stories in the gold and silver mining industry making headlines today.
1. Gold Resource
GORO +1.49% $2.72
AAU +0.86% $1.17
FSM +0.63% $4.77
1. Gold Standard
GSV -8.00% $1.15
ASM -6.88% $1.15
HMY -6.77% $3.58
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 2016