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Closing Report: Gold and Silver Gain Over 1% While Stocks Drop - April 5th 2016








Chris Mullen | Tuesday April 5th

 

Close

Gain/Loss

Gold

$1230.20

+$15.30

Silver

$15.13

+$0.21

XAU

69.61

+2.93%

HUI

180.65

+3.48%

GDM

559.22

+2.47%

JSE Gold

2004.85

+35.85

USD

94.61

+0.05

Euro

113.83

-0.07

Yen

90.63

+0.79

Oil

$35.89

+$0.19

10-Year

1.727%

-0.052

T-Bond

166.375

+1.71875

Dow

17603.32

-0.75%

Nasdaq

4843.93

-0.98%

S&P

2045.17

-1.01%

 
 
Precious Metals Charts Intraday

 

The Metals:

 

Gold gained $21.72 to $1236.62 by a little after 8:30AM EST before it chopped back lower at times, but it still ended with a gain of 1.26%.  Silver climbed to as high as $15.209 and ended with a gain of 1.41%.

 

Euro gold rose to about €1080, platinum gained $10 to $948, and copper remained at about $2.15.

 

Gold and silver equities rose about 3% in the first 90 minutes of trade and remained near that level for the rest of the day.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Trade Balance

Feb

-$47.1B

-$46.2B

-$45.9B

ISM Services

Mar

54.5

54.0

53.4

JOLTS - Job Openings

Feb

5.445M

-

5.604M

 

Tomorrow brings FOMC Minutes from their March 16th meeting.

 

The Markets:

 

Markets Charts Intraday

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

 

Oil ended slightly higher in mixed trade ahead of tomorrow’s supply data.

 

The U.S. dollar index erased most of its early morning gains on mixed economic data.

 

Treasuries rose as the Dow, Nasdaq, and S&P fell about 1% on worries about global growth and interest rate uncertainty.

 

Among the big names making news in the market today were Marvell, Goldman Sachs, Valeant, Twitter, PayPal, and Pfizer-Allergan.

 

GATA Posts:

 

GATA

 

China's gold intent -- ICBC bank reclassified as an LBMA market maker

 

The Statistics:

As of close of business: 4/4/2016

Gold Warehouse Stocks:

6,844,564.639

-6,372.65

Silver Warehouse Stocks:

154,863,904.893

-90,933.55

 

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

815.715

26,226,058

US$32,278m

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$5,467m

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$6,029m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$441m

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 2.378 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 187.24: -0.91 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,378.53: +34.18 change from yesterday’s data.

 

The Miners:

 

Pretivm’s (PVG) drill results, Crystallex’s $1.386 billion award by the Additional Facility of the World Bank’s International Centre for Settlement of Investment Disputes, Centerra’s (CG.TO) financing facility, and Excellon’s (EXN.TO) closed private placement were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Buenaventura

BVN +9.09% $7.92

2.  Seabridge

SA +8.93% $12.32

3.  Fortuna

FSM +6.48% $4.11

 

LOSERS

1.  Gold Standard

GSV -1.85% $1.06

2.  Turquoise

TRQ -1.57% $2.51

3.  Freeport

FCX -0.85% $9.34

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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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2016

Published:April 5th, 2016
Source: Gold-Seeker.com







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