-- Published: Friday, 6 May 2016 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1288.20 | +$10.90 | -0.36% |
Silver | $17.45 | +$0.11 | -2.13% |
XAU | 88.52 | +3.97% | -4.65% |
HUI | 226.14 | +4.38% | -3.14% |
GDM | 695.41 | +3.80% | -2.36% |
JSE Gold | 2274.11 | +146.91 | +8.07% |
USD | 93.83 | +0.07 | +0.84% |
Euro | 114.05 | -0.01 | -0.40% |
Yen | 93.35 | +0.11 | -0.15% |
Oil | $44.66 | +$0.34 | -2.74% |
10-Year | 1.779% | +0.032 | -2.20% |
Bond | 165.1875 | -0.21875 | +1.15% |
Dow | 17740.63 | +0.45% | -0.19% |
Nasdaq | 4736.15 | +0.40% | -0.82% |
S&P | 2057.14 | +0.32% | -0.40% |
The Metals:
Gold jumped up to $1293.76 after the release of this morning’s jobs data before it pared its gains into midmorning, but it then rose to a new session high of $1295.42 in early afternoon trade and ended with a gain of 0.85%. Silver rose to as high as $17.578 and ended with a gain of 0.63%.
Euro gold rose to about €1130, platinum gained $15 to $1075, and copper remained at about $2.15.
Gold and silver equities rose about 5% by midday before they fell back off a bit in afternoon trade, but they still ended with about 4% gains.
The Economy:
Report | For | Reading | Expected | Previous |
Nonfarm Payrolls | Apr | 160K | 207K | 208K |
Unemployment Rate | Apr | 5.0% | 5.0% | 5.0% |
Hourly Earnings | Apr | 0.3% | 0.3% | 0.2% |
Average Workweek | Apr | 34.5 | 34.5 | 34.4 |
Consumer Credit | Mar | $29.6B | $18.0B | $14.2B |
The BLS net birth/death adjustment added 233,000 payrolls to April’s data. Private Payrolls rose 171,000.
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 and Export and Import Prices on Thursday, and PPI, Retail Sales, Business Inventories, and Michigan Sentiment on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose almost 1% on concerns about output disruptions in Canada and Nigeria.
The U.S. dollar index edged higher in late trade on Fedspeak.
Treasuries fell slightly as the Dow, Nasdaq, and S&P turned higher in afternoon trade on stable interest rate policy.
Among the big names making news in the market Friday were Intesa, Sonic, and Cigna.
The Statistics:
Activity from: 5/5/2016
Gold Warehouse Stocks: | 7,223,153.485 | -46,670.139 |
Silver Warehouse Stocks: | 152,545,866.118 | -30,358.50 |
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 | 829.440 | 26,667,316 | US$34,372m |
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$5,740m |
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$6,343m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$462m |
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 3.903 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 195.38: +0.60 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,454.50: -35.50 change from yesterday’s data.
The Miners:
International Tower Hill’s (THM) first quarter results and Turquoise Hill’s (TRQ) notice to proceed were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Gold Standard | GSV +25.00% $1.65 |
2. Great Panther | GPL +13.58% $1.84 |
3. Avino | ASM +10.74% $1.34 |
No “Losers” today.
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, 6 May 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver End Slightly Lower on the Week
