-- Published: Wednesday, 3 June 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1185.30 | -$8.10 |
Silver | $16.55 | -$0.25 |
XAU | 69.24 | -1.82% |
HUI | 164.80 | -2.00% |
GDM | 538.34 | -1.70% |
JSE Gold | 1076.17 | -19.40 |
USD | 95.32 | -0.63 |
Euro | 112.71 | +1.18 |
Yen | 80.49 | -0.07 |
Oil | $59.64 | -$1.62 |
10-Year | 2.366% | +0.100 |
Bond | 151.09375 | -2.21875 |
Dow | 18076.27 | +0.36% |
Nasdaq | 5099.23 | +0.45% |
S&P | 2114.07 | +0.21% |
The Metals:
Gold dropped $13.62 to $1179.78 in early afternoon New York trade before it bounced back higher, but it still ended with a loss of 0.68%. Silver slipped to as low as $16.416 and ended with a loss of 1.49%.
Euro gold fell to about €1011, platinum lost $10 to $1101, and copper remained at about $2.72.
Gold and silver equities fell over 2% by early afternoon and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
ADP Employment | May | 201K | 200K | 165K |
Trade Balance | April | -$40.9B | -$44.0B | -$50.6B |
ISM Services | May | 55.7 | 57.1 | 57.8 |
U.S. mortgage applications fall in latest week-MBA Reuters
The fed’s Beige Book showed that “U.S. economic activity expanded from early April to late May and growth was expected to continue at a "modest" to "moderate" pace.”
Tomorrow brings Initial Jobless Claims and Productivity.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell on expectations for OPEC to maintained its production limit at 30 million barrels a daymaintained its production limit at 30 million barrels a daymaintain its production limit at 30 million barrels a day at its meeting this Friday.
The U.S. dollar dropped as the euro rose again “after European Central Bank President Mario Draghi confirmed that the eurozone’s recovery is on track and said the central back is ready to do more to lift the European economy if necessary.”
Treasuries “fell with German bunds as a rout in global bonds resumed after Mario Draghi warned of continued volatility and forecast higher inflation in the region.”
The Dow, Nasdaq, and S&P rose on decent jobs data and hopes for a deal for Greece.
Among the big names making news in the market today were Apple, Boeing, Nestle, and Wendy’s.
GATA Posts:
First Majestic Silver CEO complains to CFTC about market manipulation
Traders may get cash-settled gold and silver futures on Indian commodity exchange
New York Sun: Jeb Bush on the dollar and currency manipulation
The Statistics:
Activity from: 6/2/2015
Gold Warehouse Stocks: | 7,885,008.557 | -2,339.907 |
Silver Warehouse Stocks: | 180,408,194.563 | +618,352.808 |
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 | 709.891 | 22,823,714 | US$27,148m |
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$5,286m |
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$5,844m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$425m |
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 4.176 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 166.71: +0.11 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,896.37: +34.37 change from yesterday’s data.
The Miners:
WINNERS
1. Kinross | KGC +2.10% $2.43 |
2. MAG Silver | MVG +1.24% $7.34 |
3. DRDGOLD | DRD +1.20% $1.69 |
LOSERS
1. Eldorado | EGO -5.15% $4.60 |
2. Gold Fields | GFI -4.79% $3.38 |
3. Alamos | AGI -4.55% $6.30 |
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, 3 June 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall With Dollar and Oil
