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Closing Report: Gold and Silver Fall Slightly While Stocks Gain Roughly 1% - April 6th 2016








Chris Mullen | Wednesday April 6th

 

Close

Gain/Loss

Gold

$1223.30

-$6.90

Silver

$15.07

-$0.06

XAU

69.21

-0.57%

HUI

179.49

-0.64%

GDM

555.91

-0.61%

JSE Gold

2062.69

+57.84

USD

94.47

-0.14

Euro

113.99

+0.14

Yen

91.12

+0.47

Oil

$37.75

+$1.86

10-Year

1.755%

+0.028

T-Bond

165.28125

-0.9375

Dow

17716.05

+0.64%

Nasdaq

4920.71

+1.59%

S&P

2066.66

+1.05%

 
 
Precious Metals Charts Intraday

 

The Metals:

 

Gold dropped $12.74 to $1217.46 in early New York trade before it bounced back higher at times, but it still ended with a loss of 0.56%.  Silver slipped to as low as $14.921 and ended with a loss of 0.4%.

 

Euro gold fell to about €1073, platinum lost $7.50 to $940.50, and copper climbed slightly to about $2.16.

 

Gold and silver equities traded mostly slightly lower and ended with modest losses.

 

The Economy:

 

Fed's Cautious Approach on April Rate Hike Raises Stakes for June Bloomberg

Fed debated April rate hike but caution reigned due to global fears: minutes  Reuters

 

Tomorrow brings Initial Jobless Claims and Consumer Credit.

 

The Markets:

 

Precious Metals Charts Intraday

Charts Courtesy of http://finance.yahoo.com/

 

Oil rose over 5% after the Energy Information Administration reported that crude inventories fell 4.9 million barrels, gasoline inventories rose 1.4 million barrels, and distillates fell 3.0 million barrels.

 

The U.S. dollar index fell as the yen continued to rise on doubts that the Bank of Japan will take intervene to halt recent gains.

 

Treasuries fell as the Dow, Nasdaq, and S&P rose on relief over oil’s rebound.

 

Among the big names making news in the market today were Pfizer, Allergan, Honda, and Harley-Davidson.

 

GATA Posts:

 

GATA

 

Robert Appel: Here's what the Fed doesn't want you to know about gold prices

Two traders fined over gold spoofing

 

The Statistics:

As of close of business: 4/5/2016

Gold Warehouse Stocks:

6,835,208.989

-9,355.65

Silver Warehouse Stocks:

155,446,645.801

+582.738.45

 

Global Gold ETF Holdings

[WGC Sponsored ETF’s]

 Exchange Traded Gold

 

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

815.435

26,217,041

US$32,019m

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$5,449m

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$5,997m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$439m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

33.42

1,074,449

US$1,304m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 0.28 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 186.96: -0.28 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,411.09: +32.56 change from yesterday’s data.

 

The Miners:

 

Claude’s (CGR) production results and Mines Management’s (MGN) compliance were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Paramount

PZG +3.47% $1.49

2.  Alamos

AGI +3.19% $5.50

3.  Freeport

FCX +2.89% $9.61

 

LOSERS

1.  B2Gold

BTG -3.07% $1.58

2.  MAG Silver

MVG -2.96% $9.51

3.  Royal Gold

RGLD-2.54%$50.25

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

Published:April 6th, 2016
Source: Gold-Seeker.com







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