-- Published: Tuesday, 19 May 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1208.20 | -$17.10 |
Silver | $17.12 | -$0.56 |
XAU | 71.97 | -3.86% |
HUI | 173.17 | -4.08% |
GDM | 555.17 | -3.39% |
JSE Gold | 1158.66 | -46.47 |
USD | 95.31 | +1.12 |
Euro | 111.49 | -1.62 |
Yen | 82.84 | -0.49 |
Oil | $57.26 | -$2.17 |
10-Year | 2.262% | +0.034 |
Bond | 152.28125 | -1.1875 |
Dow | 18312.39 | +0.07% |
Nasdaq | 5070.03 | -0.17% |
S&P | 2127.83 | -0.06% |
The Metals:
Gold fell $19.44 to $1205.86 by late morning in New York before it bounced back higher in afternoon trade, but it still ended with a loss of 1.4%. Silver slipped to as low as $16.943 and ended with a loss of 3.17%.
Euro gold rose to about €1084, platinum lost $25 to $1147, and copper dropped 7 cents to about $2.84.
Gold and silver equities fell throughout most of trade and ended with about 4% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Housing Starts | April | 1135K | 1019K | 944K |
Building Permits | April | 1143K | 1065K | 1038K |
Tomorrow brings FOMC Minutes from the fed’s April 29th meeting.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell nearly 4% as the U.S. dollar jumped over 1% higher for the second day in a row as the euro fell markedly again on indications for more action by the ECB.
Treasuries fell as the Dow and S&P flirted with new record highs again on mixed earnings reports.
Among the big names making news in the market today were Morgan Stanley, TomTom, Pimco, Home Depot, and Wal-Mart.
GATA Posts:
Gold market moving away from London, Alasdair Macleod tells 'Shadow of Truth'
India would offer tax exemption for earnings in gold paperization scheme
Jim Rickards: China wants gold so it can share market-rigging power
China's gold accumulation goes far beyond the vaults, Future Money Trends notes
USA Watchdog interviews Hugo Salinas Price on preserving your savings
The Statistics:
Activity from: 5/18/2015
Gold Warehouse Stocks: | 7,827,315.405 | +34,370.51 |
Silver Warehouse Stocks: | 178,131,813.720 | +946,581.08 |
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 | 718.243 | 23,092,236 | US$28,033m |
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$5,366m |
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$5,932m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$433m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 28.37 | 911,971 | US$1,107m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 5.668 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 166.14: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,888.76: -37.16 change from yesterday’s data.
The Miners:
Goldcorp’s (GG) naming to the NASDAQ OMX CRD Global Sustainability Index, Entree Gold’s (EGI) and Turquoise Hill’s (TRQ) mine plan in Mongolia, Huldra Silver’s (HDA.V) convertible debentures, and Great Panther’s (GPL) option agreement were among the big stories in the gold and silver mining industry making headlines today.
WINNER
1. Turquoise | TRQ +3.44% $4.51 |
LOSERS
1. Sandstorm | SAND-6.69% $3.35 |
2. Coeur | CDE -6.64% $5.34 |
3. B2Gold | BTG -6.18% $1.67 |
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: Tuesday, 19 May 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Over 1% and 3%
