-- Published: Wednesday, 20 May 2015 | Print | Disqus
Please Note: This will be the last Gold Seeker Closing Report until next Tuesday.
| Close | Gain/Loss |
Gold | $1210.20 | +$2.00 |
Silver | $17.12 | UNCH |
XAU | 72.06 | +0.13% |
HUI | 173.40 | +0.13% |
GDM | 556.25 | +0.21% |
JSE Gold | 1129.04 | -29.62 |
USD | 95.49 | +0.18 |
Euro | 111.08 | -0.41 |
Yen | 82.51 | -0.34 |
Oil | $58.98 | +$0.99 |
10-Year | 2.251% | -0.011 |
Bond | 152.59375 | -0.40625 |
Dow | 18285.40 | -0.15% |
Nasdaq | 5071.74 | +0.03% |
S&P | 2125.85 | -0.09% |
The Metals:
Gold dipped $3.45 to $1204.75 in Asia before it bounced back to $1212.68 at about 10AM EST and then drifted back towards unchanged in the next four hours of trade, but it then rose to a new session high of $1213.10 after the release of today’s fed minutes and ended with a gain of 0.17%. Silver slipped to $16.978 before it climbed back to $17.289, but it then drifted back lower into the close and ended unchanged on the day.
Euro gold rose to about €1090, platinum gained $6 to $1153, and copper fell slightly to about $2.83.
Gold and silver equities traded mostly slightly higher and ended with modest gains.
The Economy:
Rate hike not appropriate until early 2016: Fed's Evans Reuters
U.S. mortgage applications fall in latest week: MBA Reuters
FOMC Minutes from the fed’s April 29th meeting showed the fed officials “believed it would be premature to raise interest rates in June and that a bump in inflation was being offset by a weaker labor market and softer data”.
Tomorrow brings Initial Jobless Claims, Existing Home Sales, the Philadelphia Fed, and Leading Economic Indicators.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil remained higher after the Energy Information Administration reported that crude inventories fell 2.7 million barrels, gasoline inventories fell 2.8 million barrels, and distillates fell 500,000 barrels.
The U.S. dollar pared early gains and treasuries traded mixed along with the Dow, Nasdaq, and S&P after the release of today’s fed minutes.
Among the big names making news in the market today were Lowe’s Staples, Altice, Burberry, Target, UBS, and Etsy.
GATA Posts:
Bloomberg imagines a wild price for gold if it ever formally backed Chinese yuan
Indian banks doubt that gold paperization scheme will do much
Big banks plead guilty to currency market-rigging conspiracy, will pay $5.8 billion
Goodbye, zinc rally: CME Group creates futures contract, engages JPM to rig price
Why India's latest gold paperization scheme will fail like the last one
The Statistics:
Activity from: 5/19/2015
Gold Warehouse Stocks: | 7,831,817.010 | +4,500.75 |
Silver Warehouse Stocks: | 178,909,326.920 | +777,513.20 |
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$27,945m |
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$5,367m |
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$5,944m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$434m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 28.37 | 911,971 | US$1,107m |
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: 9,888.76: No change from yesterday’s data.
The Miners:
Banro’s (BAA) board of directors, Rubicon’s (RBY) Industrial Electricity Incentive Stream 3 Program, and B2Gold’s (BTG) credit facility were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. B2Gold | BTG +7.19% $1.79 |
2. Coeur | CDE +3.56% $5.53 |
3. Alamos | AGI +3.09% $7.01 |
LOSERS
1. New Gold | NGD -2.74% $3.19 |
2. Gold Resource | GORO-2.52% $3.09 |
3. DRDGOLD | DRD -2.19% $1.79 |
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, 20 May 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Gains With Oil
