• Gold: 1,231.69 0.93
  • Silver: 15.48 -0.04
  • Euro: 1.172 -0.001
  • USDX: 94.449 -0.703
  • Oil: 68.13 0.02

April 12: Gold and Silver Fall Over 1%

Chris Mullen
|
Thursday, April 12th

 

Close

Gain/Loss

Gold

$1335.20

-$15.90

Silver

$16.48

-$0.18

XAU

82.76

-1.10%

HUI

180.42

-1.37%

GDM

630.24

-0.85%

JSE Gold

1084.95

-33.14

USD

89.78

+0.22

Euro

123.27

-0.37

Yen

93.26

-0.35

Oil

$67.07

+$0.25

10-Year

2.830%

+0.050

T-Bond

145.40625

-0.71875

Dow

24483.05

+1.21%

Nasdaq

7140.25

+1.01%

S&P

2663.99

+0.83%

 
http://www.goldseek.com/news/2018/2018-04-12_14-03-07.jpg

 

The Metals:

 

Gold saw slight gains in Asia, but it then fell throughout most of trade in London and New York and ended near its late session low of $1333.90 with a loss of 1.18%. Silver slipped to as low as $16.451 and ended with a loss of 1.08%.

 

Euro gold fell to about €1083, platinum lost $5 to $924, and copper dropped 5 cents to about $3.06.

 

Gold and silver equities fell roughly 1% at the open and remained near that level for the rest of the day.

 

The Economy:

 

Trump says having 'great discussions' on trade with China  Reuters

Import prices held down in March by oil decline  MarketWatch

U.S. weekly jobless claims fall; import prices unchanged  Reuters

 

Tomorrow brings Consumer Sentiment.

 

The Markets:

 

Oil remained firm after OPEC “said the global oil stocks surplus was close to evaporating due to healthy demand and its own supply cuts.”

 

The U.S. dollar index rose and treasuries fell as the Dow, Nasdaq, and S&P gained roughly 1% on easing geopolitical and trade tensions.

 

Among the big names making news in the market today were L'Oreal, Bitcoin, Tesla, Bed Bath & Beyond, and Rite Aid.

 

GATA Posts:

 

 

Explosion more likely than bull market in metals, GATA chairman says

 

The Statistics:

As of close of business: 4/11/2018

Gold Warehouse Stocks:

9,062,198.720

-

Silver Warehouse Stocks:

263,568,517.439

+995.098

 

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

859.991

27,649,583

US$37,083m

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$5,946m

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$6,564m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$479m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 280.37: +1.13 change from yesterday’s data.

 

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

 

The Miners:

 

Buenaventura’s (BVN) preliminary 1Q18 production and volume sold results and Barrick’s (ABX) preliminary first quarter production were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Americas Silver

USAS +3.97% $3.80

2.  Nevsun

NSU +3.13% $2.64

3.  Taseko

TGB +2.48% $1.24

 

LOSERS

1.  Pretivm

PVG -9.19% $7.51

2.  Harmony

HMY -7.79% $2.13

3.  New Gold

NGD -3.80% $2.28

Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.

 

- Chris Mullen, Gold Seeker Report

 

- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

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

© Gold Seeker 2018

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.

No votes yet

Article Comments

Sponsored Links

Live SilverSeek Map