-- Published: Friday, 9 May 2014 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1288.70 | -$0.50 | -0.74% |
Silver | $19.15 | -$0.02 | -1.54% |
XAU | 89.09 | -0.58% | -3.99% |
HUI | 218.39 | -0.72% | -3.51% |
GDM | 654.53 | -0.35% | -2.77% |
JSE Gold | 1485.33 | -22.31 | -3.91% |
USD | 79.87 | +0.48 | +0.45% |
Euro | 137.57 | -0.81 | -0.82% |
Yen | 98.23 | -0.15 | +0.41% |
Oil | $99.99 | -$0.27 | +2.21% |
10-Year | 2.623% | +0.021 | +1.24% |
Bond | 135.75 | -0.4375 | -0.37% |
Dow | 16583.34 | +0.20% | +0.43% |
Nasdaq | 4071.86 | +0.50% | -1.26% |
S&P | 1878.48 | +0.15% | -0.14% |
The Metals:
Gold climbed $5.04 to $1294.24 by a little before 8AM EST before it dropped back to $1285.54 in the next four and a half hours of trade, but it then bounced back higher into the close and ended with a loss of just 0.04%. Silver slipped to as low as $19.052 and ended with loss of 0.1%.
Euro gold rose to almost €937, platinum lost $7 to $1426, and copper climbed a couple of cents to about $3.08.
Gold and silver equities fell over 1% by midmorning before they rallied back higher at times, but they still ended with modest losses on the day.
The Economy:
Report | For | Reading | Expected | Previous |
Wholesale Inventories | Mar | 1.1% | 1.0% | 0.7% |
JOLTS - Job Openings | Mar | 4.014M | - | 4.125M |
All of this week’s other economic reports:
Next week’s economic highlights include the Treasury Budget on Monday, Retail Sales, Export and Import Prices, and Business Inventories on Tuesday, PPI on Wednesday, Initial Jobless Claims, CPI, Empire Manufacturing, Net Long-Term TIC Flows, Industrial Production, Capacity Utilization, the Philadelphia Fed, and the NAHB Housing Market Index on Thursday, and Housing Starts, Building Permits, and Michigan Sentiment on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil held near $100 a barrel on uncertainty about Ukraine heading into the weekend.
Pro-Russian Separatists in Ukraine Reject Putin's Call to Delay Vote WSJ
The U.S. dollar index found notable gains as the euro continued to fall on the possibility for action at the ECB’s next meeting.
Treasuries fell as the Dow, Nasdaq, and S&P erased early losses and ended slightly higher in quiet trade.
Among the big names making news in the market Friday were Credit Suisse, Apple, Gap, JPMorgan and Wells Fargo, Symantec, and Qualcomm.
GATA Posts:
Putin's export machine rolls right over sanctions, outcry
Alasdair Macleod: Inequality and Piketty
The Statistics:
Activity from: 5/08/2014
Gold Warehouse Stocks: | 7,904,584.748 | - |
Silver Warehouse Stocks: | 174,900,454.723 | +294,797.72 |
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 | 782.852 | 25,169,479 | US$32,482m |
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$5,720m |
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$8,004m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$462m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 40.85 | 1,313,469 | US$1,709m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 164.02: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,320.26: No change from yesterday’s data.
The Miners:
AuRico’s (AUQ) director election, Claude’s (CGR) director election, Golden Star’s (GSS) director election, Gold Fields’ (GFI) AGM results, Comstock’s (LODE) priced public offering, Allied Nevada’s (ANV) increase to its revolving credit facility, Richmont’s (RIC) director election, and Rio Alto’s (RIOM) first quarter results were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Comstock | LODE +5.56% $1.75 |
2. Timmins | TGD +4.41% $1.42 |
3. Allied Nevada | ANV +2.60% $3.16 |
LOSERS
1. Silver Standard | SSRI-10.33% $8.42 |
2. AuRico | AUQ -5.85% $3.86 |
3. NovaGold | NG -5.35% $3.00 |
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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-- Published: Friday, 9 May 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver End Slightly Lower on the Week
