-- Published: Friday, 29 May 2015 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1189.70 | +$1.20 | -1.43% |
Silver | $16.73 | +$0.03 | -2.16% |
XAU | 69.70 | -0.17% | -2.18% |
HUI | 166.82 | -0.17% | -2.60% |
GDM | 542.92 | +0.17% | -1.36% |
JSE Gold | 1110.61 | +35.57 | +0.36% |
USD | 96.92 | -0.13 | -0.32% |
Euro | 109.84 | +0.21 | -0.26% |
Yen | 80.56 | -0.15 | -2.08% |
Oil | $60.30 | +$2.62 | +0.97% |
10-Year | 2.095% | -0.035 | -5.42% |
Bond | 156.53125 | +0.1875 | +1.40% |
Dow | 18010.68 | -0.64% | -1.21% |
Nasdaq | 5070.02 | -0.55% | -0.38% |
S&P | 2107.39 | -0.63% | -0.88% |
The Metals:
Gold dipped $3.21 to $1185.29 by a little after 8AM EST before it bounced back to $1193.22 in the next couple of hours of trade and then chopped back lower into midday, but it still ended with a gain of 0.1%. Silver rose to as high as $16.816 and ended with a gain of 0.18%.
Euro gold fell to about €1083, platinum lost $5 to $1108, and copper fell a few cents to about $2.74.
Gold and silver equities traded mostly slightly higher and ended mixed.
The Economy:
Report | For | Reading | Expected | Previous |
GDP | Q1 | -0.7% | -0.7% | 0.2% |
GDP Deflator | Q1 | -0.1% | -0.1% | -0.1% |
Chicago PMI | May | 46.2 | 53.0 | 52.3 |
Michigan Sentiment | May | 90.7 | 89.0 | 88.6 |
All of this week’s other economic reports:
Next week’s economic highlights include Personal Income and Spending, Core PCE Prices, the ISM Index, and Construction Spending on Monday, Factory Orders on Tuesday, ADP Employment, the Trade Balance, ISM Services, and the fed’s Beige Book on Wednesday, Initial Jobless Claims, Productivity, and Unit Labor Costs on Thursday, and May’s jobs data and Consumer Credit on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose nearly 5% ahead of next week’s OPEC meeting.
The U.S. dollar index fell and treasuries rose on mostly disappointing economic data that sent the Dow, Nasdaq, and S&P lower.
Among the big names making news in the market Friday were Equinox, Evergrande, Hennessy, Altera, and Pimco.
GATA Posts:
Currency wars, gold pools, and Comex potential claims per deliverable ounce
U.S. Mint ends rationing of silver eagles -- but for how long?
Guardian: Austrian repatriation arises from fear of new Auric Goldfinger and Pussy Galore
The Statistics:
Activity from: 5/28/2015
Gold Warehouse Stocks: | 7,871,520.915 | -1,286.00 |
Silver Warehouse Stocks: | 179,286,649.453 | +570,838.21 |
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 | 715.857 | 23,015,506 | US$27,410m |
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$5,283m |
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$5,834m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$427m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 28.37 | 912,270 | US$1,087m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 166.60: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,862.00: No change from yesterday’s data.
The Miners:
Excellon’s (EXN.TO) Annual and Special Meeting results, Lake Shore’s (LSG) debt payment, Harmony’s (HMY) job cuts, and ITH’s (THM) AGM results were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Pretivm | PVG +7.04% $5.93 |
2. Harmony | HMY +4.96% $1.48 |
3. MAG Silver | MVG +3.46% $7.48 |
LOSERS
1. Endeavour Silver | EXK -4.37% $1.97 |
2. SilverCrest | SVLC -2.83% $1.03 |
3. Gold Resource | GORO-2.66% $2.93 |
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, 29 May 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Over 1% and 2% on the Week
