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Gold Seeker Closing Report: Gold and Silver End Near Unchanged
By: Chris Mullen, Gold-Seeker.com

 -- Published: Monday, 1 June 2015 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1189.30

-$0.40

Silver

$16.74

+$0.01

XAU

69.29

-0.59%

HUI

165.55

-0.76%

GDM

54036

-0.48%

JSE Gold

1103.83

-6.78

USD

97.44

+0.52

Euro

109.30

-0.58

Yen

80.12

-0.44

Oil

$60.20

-$0.10

10-Year

2.192%

+0.097

Bond

155.3125

-1.875

Dow

18040.37

+0.16%

Nasdaq

5082.92

+0.25%

S&P

5111.73

+0.21%

 
 

 

The Metals:

 

Gold dropped $5.16 to $1184.54 in London before it jumped up to $1204.07 at about 10AM EST and then fell back off into midday, but it ended with a loss of just 0.03%.  Silver rose to as high as $17.168 and ended with a gain of 0.06%.

 

Euro gold rose to about €1089, platinum lost $6 to $1102, and copper fell a couple of cents to about $2.72.

 

Gold and silver equities rose over 1% in the first half hour of trade before they fell back off for most of the rest of the day, but they ended with only modest losses.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Personal Income

April

0.4%

0.3%

0.0%

Personal Spending

April

0.0%

0.2%

0.5%

PCE Prices – Core

April

0.1%

0.2%

0.1%

ISM Index

May

52.8

51.9

51.5

Construction Spending

April

2.2%

0.8%

0.5%

 

Fed's Rosengren: economy growing too slowly to justify rate hike Reuters

 

Tomorrow brings Factory Orders for April expected at 0.0%.

 

The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil ended slightly lower as the U.S. dollar rose and treasuries fell on decent economic data that sent the Dow, Nasdaq, and S&P higher.

 

Among the big names making news in the market today were Takata, NetJets, BNP Paribas, UBS, Apollo, and Intel.

 

GATA Posts:

 

 

Avery Goodman: Gold supply tightness spreads from London to New York

Free-market advocates, don't lose heart -- Join GATA in New Orleans in October

How BitGold intends to become a new standard

Texas also aims to repatriate its gold ... from HSBC in New York

 

The Statistics:

Activity from: 5/29/2015

Gold Warehouse Stocks:

7,871,422.294

-98.621

Silver Warehouse Stocks:

179,913,536.125

+626,886.672

 

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$27,605m

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$5,304m

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$5,858m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$427m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

28.37

912,240

US$1,095m

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:

 

McEwen’s (MUX) AGM results, Seabridge Gold’s (SA) drilling, and Endeavour Silver’s (EXK) infill drilling were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  DRDGOLD

DRD +2.86% $1.80

2.  Endeavour Silver

EXK +1.52% $2.00

3.  Gold Resource

GORO +1.37% $2.97

 

LOSERS

1.  Avino

ASM -2.73% $1.07

2.  Harmony

HMY -2.70% $1.44

3.  Gold Fields

GFI -2.64% $3.32

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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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2015

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

 

 

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions.  The author of this report is not a registered financial advisor.  Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate.  The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.  Past results are not necessarily indicative of future results.  Any statements non-factual in nature constitute only current opinions, which are subject to change.  Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein.  Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.

 

 


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 -- Published: Monday, 1 June 2015 | E-Mail  | Print  | Source: GoldSeek.com

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