-- Published: Wednesday, 4 May 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1279.20 | -$7.90 |
Silver | $17.34 | -$0.09 |
XAU | 83.26 | -4.54% |
HUI | 210.00 | -5.31% |
GDM | 653.27 | -4.85% |
JSE Gold | 2124.66 | -3.66 |
USD | 93.22 | +0.17 |
Euro | 114.93 | -0.06 |
Yen | 93.52 | -0.28 |
Oil | $43.78 | +$0.13 |
10-Year | 1.784% | -0.016 |
T-Bond | 164.40625 | +0.5625 |
Dow | 17651.26 | -0.56% |
Nasdaq | 4725.63 | -0.79% |
S&P | 2051.12 | -0.59% |
The Metals:
Gold dropped almost 1% in London before it bounced back to $1289.33 at about 8:30AM EST and then fell to a new session low of $1272.11 by early afternoon in New York, but then rallied back higher in late trade and ended with a loss of just 0.61%. Silver slipped to as low as $17.174 and ended with a loss of 0.52%.
Euro gold fell to about €1113, platinum lost $6 to $1055, and copper fell a couple of cents to about $2.19.
Gold and silver equities fell about 5% by midafternoon and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
ADP Employment | Apr | 156K | 196K | 194K |
Trade Balance | Mar | -$40.4B | -$41.4B | -$47.0B |
Productivity | Q1 | -1.0% | -1.4% | -1.7% |
Unit Labor Costs | Q1 | 4.1% | 2.6% | 2.7% |
ISM Services | Apr | 55.7 | 54.5 | 54.4 |
Factory Orders | Mar | 1.1% | 0.5% | -1.9% |
Tomorrow brings Initial Jobless Claims.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil pared early gains after the Energy Information Administration reported that crude inventories rose 2.8 million barrels, gasoline inventories rose 536,000 barrels, and distillates fell 1.3 million barrels.
The U.S. dollar index ended with modest gains on mixed economic data and weakness in the yen.
Treasuries rose as the Dow, Nasdaq, and S&P fell again on continued concerns about global growth.
Among the big names making news in the market today were Credit Suisse, Target, Time Warner, and Takata.
GATA Posts:
Central banks conspire to harvest bitcoin's revolutionary technology
The Statistics:
As of close of business: 5/3/2016
Gold Warehouse Stocks: | 7,386,271.420 | +54,499.695 |
Silver Warehouse Stocks: | 152,056,471.098 | -10,750.888 |
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 | 824.943 | 26,522,735 | US$34,017m |
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$5,674m |
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$6,271m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$457m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 34.72 | 1,116,345 | US$1,401m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 191.31: +3.00 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,538.31: No change from yesterday’s data
The Miners:
Primero’s (PPP) first quarter results, Randgold’s (GOLD) first quarter results, and Santacruz Silver’s (SCZ.V) optioned claims were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Gold Standard | GSV +4.92% $1.28 |
2. Almaden | AAU +3.81% $1.09 |
LOSERS
1. Primero | PPP -11.17% $1.67 |
2. Randgold | GOLD-10.84% $85.29 |
3. Great Panther | GPL -10.29% $1.57 |
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, 4 May 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall With Stocks
