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Closing Report: Gold Gains Over 1% and Silver Surges Nearly 4% - April 11th 2016








Chris Mullen | Monday April 11th

 

Close

Gain/Loss

Gold

$1256.10

+$16.60

Silver

$15.90

+$0.56

XAU

78.62

+6.23%

HUI

206.08

+6.19%

GDM

628.77

+5.75%

JSE Gold

2194.98

+101.79

USD

94.00

-0.22

Euro

114.08

+0.11

Yen

92.66

+0.14

Oil

$40.36

+$0.64

10-Year

1.724%

+0.004

T-Bond

166.09375

-0.09375

Dow

17556.41

-0.12%

Nasdaq

4833.39

-0.36%

S&P

2041.99

-0.27%

 
 
Precious Metals Charts Intraday
 

The Metals:

 

Gold gained $19.12 to $1258.62 by late morning in New York before it edged back lower in afternoon trade, but it still ended with a gain of 1.34%.  Silver rose to as high as $15.962 and ended with a gain of 3.65%.

 

Euro gold rose to about €1101, platinum gained $22 to $987, and copper remained at about $2.09.

 

Gold and silver equities jumped about 6% higher in the first 15 minutes of trade and remained near that level for the rest of the day.

 

The Economy:

 

Consumers' Inflation Expectations Fell Again in March, Fed Says  Bloomberg

Williams Says Market Views Fed as Increasingly Data-Dependent  Bloomberg

 

Tomorrow brings Import and Export Prices and the Treasury Budget.

 

The Markets:

 

Markets Charts Intraday

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

 

Oil rose almost 2% as the U.S. dollar index fell on interest rate expectations.

 

Treasuries ended slightly lower in mixed trade.

 

The Dow, Nasdaq, and S&P erased early gains and ended with modest losses on uncertainty over upcoming earnings reports.

 

Among the big names making news in the market today were UBS, Chesapeake, BlackRock, Tesla, Dell, and Goldman Sachs.

 

GATA Posts:

 

 

Miners union accepts Sibanye Gold's wage offer, cancels strike

Comex gold contracts likely no good for Islamic finance plan

India subverted customs reporting rules to facilitate gold leasing in 1991

Now India's very own gold coins

China goes prospecting for world's gold mines

Jeff Clark: Here's why you should stay away from gold ETFs

In Cambodia, the ghosts prefer dollars

Senior bosses at world's biggest banks 'knew LIBOR was rigged'

Ronan Manly: The gold vaults of Hong Kong

GoldSeek Radio interviews GATA's Murphy and Sprott's Embry

 

The Statistics:

As of close of business: 4/8/2016

Gold Warehouse Stocks:

6,814,215.039

-96.45

Silver Warehouse Stocks:

155,267,558.599

+28,342.25

 

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

817.813

26,293,499

US$32,988m

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$5,583m

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$6,174m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$451m

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 1.783 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 187.26: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,455.48: +44.39 change from yesterday’s data.

 

The Miners:

 

Endeavour Mining’s (EDV.TO) construction start, Banro’s (BAA) production results, Yamana’s (AUY) production results, Excellon’s (EXN.TO) closed transfer, and Avino’s (ASM) production results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Avino

ASM +12.05% $1.21

2.  Silver Standard

SSRI +11.62% $7.00

3.  IAMGOLD

IAG +11.51% $2.81

 

LOSER

1.  Paramount

PZG -0.67% $1.49

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 11th, 2016
Source: Gold-Seeker.com







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