-- Published: Thursday, 5 May 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1277.30 | -$1.90 |
Silver | $17.34 | UNCH |
XAU | 85.14 | +2.26% |
HUI | 216.65 | +3.17% |
GDM | 669.77 | +2.46% |
JSE Gold | 2127.20 | +2.54 |
USD | 93.76 | +0.54 |
Euro | 114.03 | -0.86 |
Yen | 93.25 | -0.21 |
Oil | $44.32 | +$0.54 |
10-Year | 1.747% | -0.037 |
T-Bond | 165.53125 | +1.15625 |
Dow | 17660.71 | +0.05% |
Nasdaq | 4717.09 | -0.18% |
S&P | 2050.63 | -0.02% |
The Metals:
Gold gained $6.92 to $1286.12 at about 9AM EST before it fell back to $1269.46 in early afternoon New York trade, but it then bounced back higher into the close and ended with a loss of just 0.15%. Silver rose to as high as $17.633 before it fell back to $17.242, but it also edged back higher in late trade and ended unchanged on the day.
Euro gold rose to about €1120, platinum gained $5 to $1060, and coper fell 4 cents to about $2.15.
Gold and silver equities climbed over 2% higher at the open and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 4/30 | 274K | 259K | 257K |
Tomorrow brings April’s jobs data and Consumer Credit.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil gained 1.2% after a wildfire in Alberta forced oil companies to evacuate workers and shut in output.
The U.S. dollar index rose on short covering ahead of tomorrow’s jobs data.
Treasuries ended with decent gains as the Dow, Nasdaq, and S&P traded mixed on economic uncertainty.
Among the big names making news in the market today were Tesla, Verizon, and Alibaba.
GATA Posts:
Jim Sinclair: Have you been damaged by the manipulation of gold and silver ?
Hong Kong to gain as China streamlines cross-border gold trade
The Statistics:
As of close of business: 5/4/2016
Gold Warehouse Stocks: | 7,269,823.624 | -116,447.796 |
Silver Warehouse Stocks: | 152,576,224.618 | +519,753.52 |
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 | 825.537 | 26,541,844 | US$33,968m |
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$5,665m |
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$6,260m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$456m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 34.72 | 1,116,345 | US$1,401m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 0.594 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 194.78: +3.47 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,490.00: -48.31 change from yesterday’s data.
The Miners:
Franco-Nevada’s (FNV) election of directors, Claude’s (CGR) first quarter results, Richmont’s (RIC) drill results, McEwen’s (MUX) first quarter results, Endeavour Silver’s (EXK) offering, Tahoe’s (TAHO) dividend, and Hecla’s (HL) first quarter results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Gold Resource | GORO +10.62% $3.23 |
2. Endeavour Silver | EXK +9.32% $3.87 |
3. Harmony | HMY +8.28% $3.40 |
LOSERS
1. Avino | ASM -4.72% $1.21 |
2. Freeport | FCX -4.41% $11.29 |
3. Almaden | AAU -1.83% $1.07 |
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: Thursday, 5 May 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Near Unchanged Before Jobs Day
