-- Published: Thursday, 7 May 2015 | Print | Disqus
Gold dropped $11.57 to $1180.13 at about 8:30AM EST before it bounced back higher in the next hour of trade, but it then drifted back lower into midday and ended with a loss of 0.74%. Silver slipped to as low as $16.209 ended with a loss of 1.15%.
Euro gold remained at about €1050, platinum lost $12 to $1128, and copper fell slightly to about $2.92.
Gold and silver equities fell over 2% by midmorning, but they then rallied back higher for most of the rest of trade and ended with slight gains.
Tomorrow brings April’s jobs data and Wholesale Inventories.
Charts Courtesy of http://finance.yahoo.com/
Oil fell over 3% as the U.S. dollar climbed higher on decent economic data.
Treasuries bounced back from the last few days of losses.
The Dow, Nasdaq, and S&P rose on decent earnings reports.
Among the big names making news in the market today were Yelp, Munich RE, Fannie Mae, Tesla, MetLife, and Alibaba.
BitGold announces a bitcoin-like system for gold storage and payments
The Economist does its part to mislead about gold
Activity from: 5/6/2015
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: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 166.14: +0.60 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,125.13: No change from yesterday’s data.
Franco-Nevada’s (FNV) election of directors, Richmont’s (RIC) election of directors, Primero’s (PPP) election of directors, Royal Gold’s (GOLD) acquired gold stream, Richmont’s (RIC) first quarter results, Golden Star’s (GSS) first quarter results, Alamos Gold’s (AGI) first quarter results, Gold Fields’ (GFI) first quarter results, SilverCrest’s (SVLC) exploration results, Tahoe’s (TAHO) dividend, Hecla’s (HL) first quarter results, Endeavour Silver’s (EXK) AGM results, and First Majestic’s (AG) first quarter results were among the big stories in the gold and silver mining industry making headlines today.
RIC +5.79% $3.29
PPP +5.04% $3.96
MUX +4.12% $1.01
1. Gold Fields
GFI -9.95% $3.71
HMY -5.32% $1.78
SVLC -4.55% $1.05
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: Thursday, 7 May 2015 | E-Mail | Print | Source: GoldSeek.com