-- Published: Monday, 9 May 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1263.10 | -$25.10 |
Silver | $16.97 | -$0.48 |
XAU | 82.47 | -6.83% |
HUI | 210.58 | -6.88% |
GDM | 657.83 | -5.38% |
JSE Gold | 2104.64 | -169.47 |
USD | 94.15 | +0.32 |
Euro | 113.80 | -0.24 |
Yen | 92.27 | -1.10 |
Oil | $43.44 | -$1.22 |
10-Year | 1.760% | -0.019 |
T-Bond | 165.6875 | +0.65625 |
Dow | 17705.91 | -0.20% |
Nasdaq | 4750.20 | +0.30% |
S&P | 2058.69 | +0.08% |
The Metals:
Gold fell $26 to $1262.20 by early afternoon in New York before it bounced back higher at times, but it still ended with a loss of 1.95%. Silver slipped to as low as $16.93 and ended with a loss of 2.75%.
Euro gold fell to about €1110, platinum lost $35 to $1040, and copper fell 5 cents to about $3.10.
Gold and silver equities dropped about 6% by midday and remained near that level for the rest of the day.
The Economy:
Tomorrow brings Wholesale Inventories for March expected at 0.2%.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell almost 3% on easing worries about the impact of wildfires on Canada's oil output.
The U.S. dollar index rose as the yen fell after Japan's finance minister said Tokyo was ready to intervene in the currency market if needed.
Treasuries saw modest gains as the Dow, Nasdaq, and S&P traded mixed on worries about China and oil.
Among the big names making news in the market today were Valeant, Krispy Kreme, and LendingClub.
GATA Posts:
Paul Mylchreest: The death of the gold market -- reforming the LBMA and the true price of physical gold
The Statistics:
As of close of business: 5/06/2016
Gold Warehouse Stocks: | 7,407,157.204 | +184,003.719 |
Silver Warehouse Stocks: | 152,461,287.778 | -84,578.34 |
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 | 834.194 | 26,820,182 | US$33,931m |
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$5,616m |
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$6,209m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$454m |
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 4.754 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 196.43: +1.05 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,454.50: No change from yesterday’s data.
The Miners:
Endeavour Mining’s (EDV.TO) governance changes, Golden Star’s (GSS) offering, Freeport’s (FCX) sale, AngloGold’s (AU) first quarter results, Eldorado’s (EGO) approval of the updated Technical Study, Silver Wheaton’s (SLW) first quarter results and dividend, and Endeavour Silver’s (EXK) acquisition were among the big stories in the gold and silver mining industry making headlines today.
WINNER
1. Eldorado | EGO +2.19% $4.20 |
LOSERS
1. AngloGold | AU -13.81% $14.11 |
2. Gold Standard | GSV -12.73% $1.44 |
3. Freeport | FCX-10.86%$10.52 |
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: Monday, 9 May 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Almost 2% and 3%
