-- Published: Wednesday, 13 May 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1214.80 | +$21.60 |
Silver | $17.11 | +$0.57 |
XAU | 75.24 | +2.34% |
HUI | 182.81 | +2.23% |
GDM | 575.91 | +2.40% |
JSE Gold | 1225.45 | +7.00 |
USD | 93.72 | -0.85 |
Euro | 113.43 | +1.29 |
Yen | 83.93 | +0.47 |
Oil | $60.50 | -$0.25 |
10-Year | 2.282% | +0.022 |
Bond | 152.4375 | -1.15625 |
Dow | 18060.49 | -0.04% |
Nasdaq | 4981.69 | +0.11% |
S&P | 2098.48 | -0.03% |
The Metals:
Gold gained $25.42 to $1218.62 by early afternoon in New York before it chopped back lower in the last two and a half hours of trade, but it still ended with a gain of 1.81%. Silver surged to as high as $17.223 and ended with a gain of 3.45%.
Euro gold rose to about €1071, platinum gained $15.50 to $1143.50, and copper climbed a penny to about $2.93.
Gold and silver equities rose about 3% by early afternoon before they fell back off a bit in late trade, but they still ended with over 2% gains.
The Economy:
Report | For | Reading | Expected | Previous |
Retail Sales | Apr | 0.0% | 0.2% | 1.1% |
Retail Sales ex-auto | Apr | 0.1% | 0.4% | 0.7% |
Export Prices | Apr | -0.7% | - | 0.1% |
Export Prices ex-ag. | Apr | -0.7% | - | 0.2% |
Import Prices | Apr | -0.3% | - | -0.2% |
Import Prices ex-oil | Apr | -0.4% | - | -0.4% |
Business Inventories | Mar | 0.1% | 0.2% | 0.2% |
U.S. mortgage applications fall in latest week: MBA Reuters
Tomorrow brings Initial Jobless Claims and PPI.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil initially added to early gains after the Energy Information Administration reported that crude inventories fell 2.2 million barrels, gasoline inventories fell 1.1 million barrels, and distillates fell 2.5 million barrels, but it then fell back off by the close and ended with a minor loss as “data from the International Energy Agency showed that the world’s major oil producers continue to ramp up production”.
The U.S. dollar fell nearly 1% on poor economic data.
Treasuries ticked lower again by the close on continued concerns about the global bond market.
Treasuries Fall as Bond Selloff Resumes; Dollar Declines on Data Bloomberg
The Dow, Nasdaq, and S&P waffled near unchanged and ended mixed.
Among the big names making news in the market today were Facebook, Delta, Macy’s, GM, Toyota, Nissan, Honda, and Danaher.
GATA Posts:
Epoch Times: Why China is taking control of physical gold pricing
BitGold begins trading on TSXV as gold transaction platform builds momentum
The Statistics:
Activity from: 5/12/2015
Gold Warehouse Stocks: | 7,784,927.150 | -14,068.89 |
Silver Warehouse Stocks: | 177,685,319.941 | -38,356.30 |
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 | 728.325 | 23,416,364 | US$28,330m |
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$5,401m |
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$5,962m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$436m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 28.67 | 921,628 | US$1,098m |
Note: No change in Total Tonnes from yesterday’s data.
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: No change from yesterday’s data.
The Miners:
Sandstorm’s (SAND) asset update, Gold Resource’s (GORO) CFO position, SEMAFO’s (SMF.TO) first quarter production, Centamin’s (CEE.TO) first quarter results, Kirkland’s (KGI.TO) fiscal 2015 gold production, and Minco Silver’s (MSV.TO) divested equity position were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Silver Standard | SSRI +13.87% $6.24 |
2. SilverCrest | SVLC +7.55% $1.14 |
3. Pretivm | PVG +5.64% $6.18 |
LOSERS
1. Rubicon | RBY -3.51% $1.10 |
2. Gold Resource | GORO-2.71% $3.23 |
3. Harmony | HMY -1.62% $1.82 |
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, 13 May 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Gains Nearly 2% and Silver Surges Over 3% Higher
