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Gold Seeker Closing Report: Gold and Silver Gain While Stocks Fall
By: Chris Mullen, Gold-Seeker.com

 -- Published: Tuesday, 5 May 2015 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1192.90

+$4.10

Silver

$16.54

+$0.12

XAU

72.92

-0.72%

HUI

178.71

-0.72%

GDM

561.35

-0.63%

JSE Gold

1352.31

+12.60

USD

95.09

-0.33

Euro

111.88

+0.40

Yen

83.44

+0.19

Oil

$60.40

+$1.47

10-Year

2.176%

+0.041

Bond

156.3125

-0.46875

Dow

17928.20

-0.79%

Nasdaq

4939.32

-1.55%

S&P

2089.46

-1.18%

 
 

 

The Metals:

 

Gold climbed $10.90 to $1199.70 at about 10AM EST before it chopped back lower into the close, but it still ended with a gain of 0.35%.  Silver rose to as high as $16.706 and ended with a gain of 0.73%.

 

Euro gold remained at about €1066, platinum lost $1 to $1143, and copper climbed slightly to about $2.93.

 

Gold and silver equities gained almost 2% at the open before they fell to see over 1% losses by midafternoon, but they then edged back higher in the last 30 minutes of trade and ended with only minor losses.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Trade Balance

Mar

-$51.4B

-$40.0B

-$35.9B

ISM Services

Apr

57.8

56.3

56.5

 

U.S. small-business borrowing up in March: PayNet Reuters

 

Tomorrow brings ADP Employment, Productivity, and Unit Labor Costs.

 

The Markets:

 

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

 

Oil rose back above $60 ahead of tomorrow’s inventory data.

 

The U.S. dollar fell along with treasuries on mixed economic data and worries about Greece that sent the Dow, Nasdaq, and S&P roughly 1% lower.

 

Among the big names making news in the market today were Cisco, Goldman Sachs, and Disney.

 

GATA Posts:

 

 

Even Brown Brothers Harriman admits rigging of gold market by central banks

 

The Statistics:

Activity from: 5/4/2015

Gold Warehouse Stocks:

7,761,692.293

-578.70

Silver Warehouse Stocks:

175,260,861.819

+606,058.38

 

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

741.750

23,848,011

US$28,032m

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$5,313m

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$5,870m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$429m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

28.67

921,749

US$1,088m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 165.58: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,191.78: No change from yesterday’s data.

 

The Miners:

 

Randgold’s (GOLD) AGM results and dividend, Timmins Gold’s (TGD) first quarter financial results, Paramount’s (PZG) updated NI-43-101 compliant resource estimate, Revett’s (RVM) first quarter financial and operating results, and Santacruz Silver’s (SCZ.V) new director were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Richmont

RIC +2.17% $3.29

2.  Turquoise

TRQ +1.86% $4.39

3.  DRDGOLD

DRD +1.73% $1.76

 

LOSERS

1.  Coeur

CDE -6.42% $5.10

2.  Paramount

PZG -5.75% $1.64

3.  Sandstorm

SAND -4.05% $3.32

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 2015

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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 -- Published: Tuesday, 5 May 2015 | E-Mail  | Print  | Source: GoldSeek.com

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