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Gold Seeker Closing Report: Gold and Silver End Slightly Lower
By: Chris Mullen, Gold-Seeker.com

 -- Published: Wednesday, 6 May 2015 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1191.70

-$1.20

Silver

$16.50

-$0.04

XAU

71.53

-1.91%

HUI

173.43

-2.96%

GDM

547.77

-2.45%

JSE Gold

1287.46

-64.85

USD

94.12

-0.97

Euro

113.47

+1.61

Yen

83.71

+0.27

Oil

$60.93

+$0.53

10-Year

2.240%

+0.064

Bond

154.46875

-1.59375

Dow

17841.98

-0.48%

Nasdaq

4919.64

-0.40%

S&P

2080.15

-0.45%

 
 

 

The Metals:

 

Gold edged up to $1197.03 in Asia before it fell back to $1188.49 in London and then rose to a new session high of $1197.34 in early New York trade, but it then drifted back lower into midday and ended with a loss of 0.1%.  Silver slipped to a low as $16.39 and ended with a loss of 0.24%.

 

Euro gold fell to about €1050, platinum lost $3 to $1140, and copper remained at about $2.93.

 

Gold and silver equities fell back off for most of trade and ended with almost 3% losses.

 

The Economy:

 

Report

For

Reading

Expected

Previous

ADP Employment

Apr

169K

189K

175K

Productivity

Q1

-1.9%

-1.8%

-2.1%

Unit Labor Costs

Q1

5.0%

4.5%

4.2%

 

U.S. Mortgage Delinquencies Fall to Lowest Since 2007 Bloomberg

U.S. mortgage applications fall in latest week: MBA Reuters

 

Tomorrow brings Initial Jobless Claims and Consumer Credit.

 

The Markets:

 

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

 

Oil remained higher after the Energy Information Administration reported that crude inventories fell 3.9 million barrels, gasoline inventories rose 400,000 barrels, and distillates rose 1.5 million barrels.

 

The U.S. dollar fell on poor jobs data.

 

Deepening bond rout rattles world markets Reuters

Treasuries Losses Mount as Yellen Joins Higher-Rates Chorus Bloomberg

 

The Dow, Nasdaq, and S&P fell on worries about poor economic data and rising interest rates.

 

Among the big names making news in the market today were Glaxo, Fiat Chrysler, Shell, Google, and Allianz.

 

GATA Posts:

 

 

China tests yuan gold fix amid pricing ambitions, sources tell Reuters

Zero Hedge: Gold repatriation from NY Fed continued in March

 

The Statistics:

Activity from: 5/5/2015

Gold Warehouse Stocks:

7,828,991.845

+67,299.565

Silver Warehouse Stocks:

174,721,151.314

-539,710.505

 

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$28,467m

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$5,288m

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$5,839m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$428m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

28.67

921,689

US$1,101m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 165.54: -0.04 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,125.13: -66.65 change from yesterday’s data.

 

The Miners:

 

ITH’s (THM) first quarter results, Randgold’s (GOLD) Scrip Dividend Scheme, Primero’s (PPP) first quarter results, and Endeavour Silver’s (EXK) first quarter results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Primero

PPP +3.86% $3.77

2.  SilverCrest

SVLC +1.85% $1.10

3.  MAG Silver

MVG +1.29% $7.09

 

LOSERS

1.  IAMGOLD

IAG -6.58% $2.13

2.  Gold Fields

GFI -6.36% $4.12

3.  Richmont

RIC -5.47% $3.11

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: Wednesday, 6 May 2015 | E-Mail  | Print  | Source: GoldSeek.com

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