-- Published: Friday, 16 May 2014 | Print | Disqus
Gold saw slight gains in Asia before it fell to $1291.95 at about 4AM EST and then bounced back to $1296.09 in the next four hours of trade, but it then dropped to a new session low of $1288.02 after this morning housing data and the yellow metal ended with a loss of 0.19%. Silver slipped to as low as $19.271 and ended with a loss of 0.62%.
Euro gold fell to about €944, platinum remained unchanged at $1461, and copper remained at about $3.14.
Gold and silver equities fell about 1% at the open and remained near that level for the rest of the day.
All of this week’s other economic reports:
Next week’s economic highlights include FOMC Minutes on Wednesday, Initial Jobless Claims, Existing Home Sales, and Leading Economic Indicators on Thursday, and New Home Sales on Friday.
Charts Courtesy of http://finance.yahoo.com/
Oil remained firm on worries about Ukraine over the weekend.
The U.S. dollar index traded mixed on decent housing data that sent treasuries lower.
The Dow, Nasdaq, and S&P waffled near unchanged in quiet trade.
Among the big names making news in the market Friday were J.C. Penney, GM, Verizon, Abbott, Herbalife, and Darden and Golden Gate.
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Activity from: 5/15/2014
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Johannesburg Securities Exchange (JSE)
New Gold Debentures
Note: Change in Total Tonnes from yesterday’s data: SPDR added 1.797 tonnes.
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.
Midway’s (MDW) announcement of Barrick’s (ABX) planned expenditures for the Spring Valley project, Pretivm’s (PVG) new director, Gold Fields’ (GFI) Mineral Resource and Mineral Reserve Supplement, and Centamin’s (CEE.TO) dividend policy update were among the big stories in the gold and silver mining industry making headlines Friday.
AXU +3.91% $1.33
XPL +3.77% $1.10
PZG +3.00% $1.03
BTG -4.71% $2.63
NG -3.19% $3.02
3. MAG Silver
MVG -2.88% $7.09
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, 16 May 2014 | E-Mail | Print | Source: GoldSeek.com