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Gold Seeker Closing Report: Gold and Silver Gain With Oil
By: Chris Mullen, Gold-Seeker.com

 -- Published: Tuesday, 2 June 2015 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1193.40

+$4.10

Silver

$16.80

+$0.06

XAU

70.52

+1.78%

HUI

168.16

+1.57%

GDM

547.89

+1.39%

JSE Gold

1095.57

-8.26

USD

95.95

-1.49

Euro

111.47

+2.21

Yen

80.57

+0.45

Oil

$61.26

+$1.06

10-Year

2.266%

+0.074

Bond

153.375

-1.59375

Dow

18011.94

-0.16%

Nasdaq

5076.52

-0.13%

S&P

2109.60

-0.10%

 
 

 

The Metals:

 

Gold edged down to $1185.93 in late Asian trade before it bumped up to $1196.29 at about 9:15AM EST and then chopped back lower at times, but it still ended with a gain of 0.34%.  Silver rose to as high as $16.856 and ended with a gain of 0.36%.

 

Euro gold fell to about €1071, platinum gained $9 to $1111, and copper climbed a couple of cents to about $2.72.

 

Gold and silver equities rose as much as 2% by late morning and remained near that level for the rest of the day.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Factory Orders

April

-0.4%

0.0%

2.2%

 

Tomorrow brings ADP Employment, the Trade Balance, ISM Services, and the fed’s Beige Book.

 

The Markets:

 

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

 

Oil rose and the U.S. dollar fell markedly as the euro jumped higher on hopes that Greece will reach a deal with its creditors.

 

Treasuries fell and the Dow, Nasdaq, and S&P traded mixed as optimism about Greece was offset by worries about interest rates.

 

Among the big names making news in the market today were American Apparel, Ford, Fitbit, and Fiat Chrysler.

 

GATA Posts:

 

 

Dave Kranzler: Gold pops again -- something ominous is brewing

To most Indians, gold paperization scheme has little appeal

 

The Statistics:

Activity from: 6/1/2015

Gold Warehouse Stocks:

7,887,348.464

+15,926.17

Silver Warehouse Stocks:

179,789,841.755

-123,694.37

 

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

714.067

22,957,968

US$27,372m

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$5,294m

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$5,849m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$428m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

28.37

912,230

US$1,088m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.79 tonnes.

 

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:

 

Harmony’s (HMY) job cuts, Alamos Gold’s (AGI) permit, Bear Creek’s (BCM.V) updated feasibility study, and Excellon’s (EXN.TO) preliminary economic assessment were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Seabridge

SA +6.96% $6.61

2.  Gold Fields

GFI +6.93% $3.55

3.  Freeport

FCX +5.74% $20.46

 

LOSERS

1.  DRDGOLD

DRD -7.22% $1.67

2.  Paramount

PZG -2.56% $1.52

3.  MAG Silver

MVG -2.03% $7.25

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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© 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: Tuesday, 2 June 2015 | E-Mail  | Print  | Source: GoldSeek.com

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