-- Published: Wednesday, 21 May 2014 | Print | Disqus
Please Note: There were not be any Gold Seeker reports until Monday, June 2.
| Close | Gain/Loss |
Gold | $1291.50 | -$3.20 |
Silver | $19.40 | -$0.02 |
XAU | 88.50 | +0.01% |
HUI | 217.20 | +0.08% |
GDM | 649.92 | +0.31% |
JSE Gold | 1472.51 | -6.37 |
USD | 80.06 | +0.03 |
Euro | 136.86 | -0.13 |
Yen | 98.62 | -0.10 |
Oil | $104.07 | +$1.74 |
10-Year | 2.537% | +0.028 |
Bond | 136.6875 | -0.5625 |
Dow | 16533.06 | +0.97% |
Nasdaq | 4131.53 | +0.85% |
S&P | 1888.03 | +0.81% |
The Metals:
Gold dropped $9.85 to $1284.85 just after today’s release of FOMC Minutes, but it then bounced back higher into the close and ended with a loss of just 0.25%. Silver slipped to as low as $19.285 and ended with a loss of 0.1%.
Euro gold fell to about €944, platinum gained $4 to $1469, and copper fell slightly to about $3.13.
Gold and silver equities fell about 1% in the first half hour of trade, but they then bounced back higher in afternoon trade and ended with slight gains.
The Economy:
Minutes from the fed’s April 30th meeting showed that “Federal Reserve policy makers said continued stimulus to push unemployment lower doesn’t risk sparking an undesirable jump in the inflation rate.”
U.S. mortgage applications rose last week-MBA Reuters
INSIGHT-US mortgage collectors gag homeowners in loan deals Reuters
Conviction for U.S. inflation rise strengthens: Reuters poll Reuters
Tomorrow brings Initial Jobless Claims, Existing Home Sales, and Leading Economic Indicators.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil extended higher after the Energy Information Administration reported that crude inventories fell 7.2 million barrels, gasoline inventories rose 1.0 million barrels, and distillates rose 3.4 million barrels.
The U.S. dollar index found slight gains as the yen fell after the Bank of Japan made no change to monetary policy. The British Pound also rose “after minutes from the Bank of England’s latest meeting suggested some bank officials are becoming more comfortable with the prospect of raising interest rates.”
Treasuries fell as the Dow, Nasdaq, and S&P traded as much as 1% higher on decent earnings reports and tame fed commentary
Among the big names making news in the market today were EBay, Netflix, GM, Target, BNP, American Realty, Tiffany, and Lowe’s.
GATA Posts:
Interviews with Eric Sprott and USAGold's three market analysts
Peter Schiff: The Belgian connection
Is wine next target of price suppression by central banks?
The Statistics:
Activity from: 5/20/2014
Gold Warehouse Stocks: | 8,096,647.726 | +24,202.469 |
Silver Warehouse Stocks: | 175,803,283.498 | +96,698.07 |
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 | 780.188 | 25,083,818 | US$32,485m |
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$5,728m |
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$463m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 41.68 | 1,340,057 | US$1,736m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 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.
The Miners:
Newcrest’s (NCM.AX) mine opening, Osisko’s (OSK.TO) daily gold production record, Rio Alto’s (RIOM) acquisition of Sulliden (SUE.TO), and Impact silver’s (IPT.V) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Alexco | AXU +4.62% $1.36 |
2. Fortuna | FSM +3.73% $4.17 |
3. SilverCrest | SVLC +3.68% $1.69 |
LOSERS
1. Rio Alto | RIOM -7.65% $1.81 |
2. AuRico | AUQ -2.95% $3.62 |
3. Silver Standard | SSRI -2.72% $7.52 |
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: Wednesday, 21 May 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Lower
