-- Published: Friday, 5 June 2015 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1170.90 | -$6.10 | -1.58% |
Silver | $16.10 | -$0.08 | -3.77% |
XAU | 67.71 | -1.34% | -2.86% |
HUI | 159.54 | -1.87% | -4.36% |
GDM | 522.55 | -1.34% | -3.75% |
JSE Gold | 1042.10 | +7.63 | -6.17% |
USD | 96.33 | +0.84 | -0.61% |
Euro | 111.18 | -1.13 | +1.22% |
Yen | 79.60 | -0.80 | -1.19% |
Oil | $59.13 | +$1.13 | -1.94% |
10-Year | 2.402% | +0.095 | +14.65% |
Bond | 151.34375 | -1.5325 | -3.31% |
Dow | 17849.46 | -0.31% | -0.90% |
Nasdaq | 5068.46 | +0.18% | -0.03% |
S&P | 2092.83 | -0.14% | -0.69% |
The Metals:
Gold dropped down to $1162.85 at about 9:30AM EST, but it then rallied back higher into the close and ended with a loss of just 0.52%. Silver slipped to as low as $15.987 and ended with a loss of 0.49%.
Euro gold rose to about €1054, platinum lost $4 to $1093, and copper remained at about $2.70.
Gold and silver equities fell over 2% in the first half hour of trade before they bounced back higher into midday, but they still ended with over 1% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Nonfarm Payrolls | May | 280K | 225K | 221K |
Unemployment Rate | May | 5.5% | 5.4% | 5.4% |
Hourly Earnings | May | 0.3% | 0.2% | 0.1% |
Average Workweek | May | 34.5 | 34.5 | 34.5 |
Consumer Credit | April | $20.5B | $16.8B | $20.5B |
The BLS net birth/death adjustment added 213,000 payrolls to May’s data. Private Payrolls rose 262,000.
All of this week’s other economic reports:
Next week’s economic highlights include Wholesale Inventories on Tuesday, the Treasury Budget on Wednesday, Initial Jobless Claims, Retail Sales, Import and Export Prices, and Business Inventories on Thursday, and PPI and Michigan Sentiment on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rallied back higher in late trade and ended with a decent gain on “a report showing a 26th straight weekly decline in the number of U.S. rigs actively drilling for oil.”
The U.S. dollar index rose and treasuries fell on better than expected jobs data.
The Dow, Nasdaq, and S&P waffled near unchanged and ended mixed.
Among the big names making news in the market Friday were Wal-Mart, Vodafone, Old Mutual, BBA, and Deutsche Bank.
GATA Posts:
Southwest England was scene of prehistoric gold rush, new research says
HayekGold from Anthem Vault represents physical gold on the bitcoin blockchain
The Statistics:
Activity from: 6/4/2015
Gold Warehouse Stocks: | 7,884,908.758 | +964.50 |
Silver Warehouse Stocks: | 178,639,358.323 | -1,168,566.44 |
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$26,568m |
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$5,188m |
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$5,737m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$420m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 28.37 | 912,210 | US$1,073m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 166.71: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,940.95: +44.58 change from yesterday’s data.
The Miners:
Alamos Gold’s (AGI) voting results and Endeavour Silver’s (EXK) ball mill outage were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Avino | ASM +5.36% $1.18 |
2. Primero | PPP +1.28% $3.95 |
3. Kinross | KGC +0.82% $2.46 |
LOSERS
1. Pretivm | PVG -3.92% $5.88 |
2. NovaGold | NG -3.61% $4.00 |
3. Newmont | NEM -3.32% $25.91 |
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, 5 June 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Almost 2% and 4% on the Week
