• Gold: 1,302.97 -4.45
  • Silver: 20.60 -0.13
  • Euro: 1.344 0.001
  • USDX: 81.034 -0.002
  • Oil: 101.64 -0.34

April 20: Gold and Silver End Mixed on the Week

Chris Mullen
|
Friday, April 20th
 

Close

Gain/Loss

On Week

Gold

$1642.00

+$1.20

-0.85%

Silver

$31.65

-$0.04

+0.57%

XAU

164.12

-0.94%

-2.10%

HUI

441.91

-0.97%

-2.47%

GDM

1276.65

-0.96%

-2.79%

JSE Gold

2202.42

-34.17

-3.69%

USD

79.19

-0.37

-0.89%

Euro

132.14

+0.78

+1.05%

Yen

122.66

+0.16

-0.64%

Oil

$103.05

+$0.78

+0.21%

10-Year

1.970%

+0.018

-1.40%

Bond

141.96875

-0.25

+0.38%

Dow

13029.26

+0.50%

+1.40%

Nasdaq

3000.45

-0.24%

-0.36%

S&P

1378.53

+0.12%

+0.60%

 
 

 

The Metals:

 

Gold traded mostly slightly higher and ended with a gain of 0.07%.Silver saw slight gains in Asia and London, but it then fell back off in New York and ended with a loss of 0.13%.

 

Euro gold fell to about €1243, platinum gained $0.50 to $1575, and copper gained 7 cents to about $3.70.

 

Gold and silver equities saw slight gains at the open, but they then drifted back lower for most of the rest of trade and ended with almost 1% losses.

 

The Economy:

 

All of this week’s other economic reports:

 

Leading Indicators - March

0.% v. 0.7%

 

Philadelphia Fed - April

8.5 v. 12.5

 

Existing Home Sales - March

4.48M v. 4.60M

 

Initial Claims - 4/14

386K v. 388K

 

Capacity Utilization - March

78.6% v. 78.7%

 

Industrial Production - March

0.0% v. 0.0%

 

Housing Starts - March

654K v. 694K

 

Building Permits - March

747K v. 715K

 

NAHB Housing Market Index - April

25 v. 28

 

Business Inventories - February

0.6% v. 0.8%

 

Net Long-Term TIC Flows - Feb

$10.1B v. $102.4B

 

Empire Manufacturing - April

6.6 v. 20.2

 

Retail Sales - March

0.8% v. 1.0%

 

Retail Sales ex-auto - March

0.8% v. 0.9%

 

Next week’s economic highlights include the Case-Shiller 20-city Index, Consumer Confidence, New Home Sales, and the FHFA Housing Price Index on Tuesday, Durable Goods Orders and a FOMC Rate Decision on Wednesday, Initial Jobless Claims and Pending Home Sales on Thursday, and GDP and Michigan Sentiment on Friday.

 

The Markets:

 

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

 

Oil rose and the U.S. dollar index fell as the euro climbed higher after a better than expected German business sentiment survey raised hopes about the health of the European economy.

 

Treasuries fell as the Dow, Nasdaq, and S&P rose on relief about Europe, but worries about what may transpire next week pared those moves by the close.

 

Among the big names making news in the market Friday were McDonald’s, GE, US Airways, Honeywell, Bank of America, and Riverbed Technology.

 

The Statistics:

Activity from: 4/19/2012

Gold Warehouse Stocks:

10,902,843.831

-92,158.97

Silver Warehouse Stocks:

138,741,558.386

+727,056.755

 

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)

SPDR® Gold Shares

1286.167

41,351,566

US$67,859m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities

115.09

3,700,236

US$6,073m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold

126.23

4,058,350

US$6,985m

Australian Stock Exchange (ASX)

Gold Bullion Securities

14.21

472,446

US$750m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

39.87

1,281,721

US$2,124m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 180.17: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,591.40: -45.29 change from yesterday’s data.

 

The Miners:

 

Minco Gold’s (MGH) exploration program, Tanzanian Royalty’s (TRX) assay results, and Minco Silver’s (MSV.TO) water monitoring study report were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1.Paramount

PZG +5.31% $2.38

2.Loncor

LON +4.81% $1.22

3.Revett

RVM+3.34% $3.71

 

 

LOSERS

1.Solitario

XPL -3.60% $1.34

2.IAMGOLD

IAG-3.15% $12.30

3.Nevsun

NSU -2.91% $3.34

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 2012

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.

 

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