-- Published: Friday, 8 May 2015 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1188.50 | +$5.60 | +0.89% |
Silver | $16.48 | +$0.17 | +1.98% |
XAU | 72.46 | +0.95% | -0.98% |
HUI | 175.99 | +1.13% | -2.17% |
GDM | 553.18 | +0.91% | -1.55% |
JSE Gold | 1214.98 | +10.54 | -10.18% |
USD | 94.77 | +0.17 | -0.41% |
Euro | 112.04 | -0.60 | -0.10% |
Yen | 83.52 | -0.05 | +0.35% |
Oil | $59.39 | +$0.45 | +0.41% |
10-Year | 2.150% | -0.034 | +1.56% |
Bond | 156.21875 | +0.25 | -0.97% |
Dow | 18191.11 | +1.49% | +0.93% |
Nasdaq | 5003.54 | +1.17% | -0.04% |
S&P | 2116.10 | +1.35% | +0.37% |
The Metals:
Gold jumped up to $1193.14 at about 8:30AM EST before it dived back down to $1182.79 in the next 10 minute of trade and then climbed back to $1192.60 in the 45 minutes of trade following that before it fell back towards unchanged in late morning trade, but it then edged back higher into the close and ended with a gain of 0.47%. Silver rose to as high as $16.521 and ended with a gain of 1.04%.
Euro gold rose to about €1060, platinum gained $12 to $1140, and copper remained at about $2.92.
Gold and silver equities waffled between slight gains and losses for most of the morning, but they then climbed over 1% higher by early afternoon and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Nonfarm Payrolls | Apr | 223K | 218K | 85K |
Unemployment Rate | Apr | 5.4% | 5.4% | 5.5% |
Hourly Earnings | Apr | 0.1% | 0.2% | 0.2% |
Average Workweek | Apr | 34.5 | 34.5 | 34.5 |
Wholesale Inventories | Mar | 0.1% | 0.3% | 0.2% |
The BLS net birth/death adjustment added 213,000 payrolls to April’s data. Private Payrolls rose 213,000.
All of this week’s other economic reports:
Next week’s economic highlights include the Treasury Budget on Tuesday, Retail Sales, Export and Import Prices, and Business Inventories on Wednesday, Initial Jobless Claims and PPI on Thursday, and Empire Manufacturing, Industrial Production, Capacity Utilization, Michigan Sentiment, and Net Long-Term TIC Flows on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose on data showing record high imports into China in April.
The U.S. dollar index traded near unchanged and treasuries rose on mixed jobs data that sent the Dow, Nasdaq, and S&P over 1% higher.
Among the big names making news in the market Friday were Nike, Syngenta, Wal-Mart, Expedia, BlueCrest, and Toshiba.
The Statistics:
Activity from: 5/7/2015
Gold Warehouse Stocks: | 7,685,860.639 | -135,851.06 |
Silver Warehouse Stocks: | 174,910,604.694 | +626,713.08 |
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 | 739.065 | 23,761,681 | US$28,168m |
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$5,277m |
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$5,818m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$426m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 28.67 | 921,679 | US$1,094m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 2.685 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 166.14: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,035.93: -10.8 change from yesterday’s data.
The Miners:
Golden Star’s (GSS) Feasibility Study and election of directors, Sandstorm’s (SAND) financing, and Harmony’s (HMY) operational changes were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Sandstorm | SAND +5.18% $3.45 |
2. First Majestic | AG +5.08% $4.96 |
3. DRDGOLD | DRD +5.08% $1.86 |
LOSERS
1. Hecla | HL -1.64% $3.00 |
2. Seabridge | SA -1.63% $6.05 |
3. Primero | PPP -1.26% $3.91 |
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, 8 May 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Almost 1% and 2% on the Week
