-- Published: Wednesday, 11 May 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1277.70 | +$11.30 |
Silver | $17.39 | +$0.29 |
XAU | 88.24 | +3.11% |
HUI | 224.50 | +2.48% |
GDM | 694.03 | +2.73% |
JSE Gold | 2149.81 | +125.05 |
USD | 93.85 | -0.43 |
Euro | 114.22 | +0.47 |
Yen | 92.19 | +0.67 |
Oil | $46.23 | +$1.57 |
10-Year | 1.737% | -0.023 |
T-Bond | 166.28125 | +0.71875 |
Dow | 17711.12 | -1.21% |
Nasdaq | 4760.68 | -1.02% |
S&P | 2064.46 | -0.96% |
The Metals:
Gold gained $12.52 to $1278.92 by a little after 8AM EST before it pared its gains into midday, but it then bounced back higher in afternoon trade and ended with a gain of 0.89%. Silver rose to as high as $17.562 and ended with a gain of 1.66%.
Euro gold rose to about €1119, platinum gained $12 to $1061, and copper climbed slightly to about $2.11.
Gold and silver equities jumped over 4% higher at the open before they fell to see slight losses in late morning trade, but they then climbed back higher into the close and ended with about 3% gains on the day.
The Economy:
Report | For | Reading | Expected | Previous |
Treasury Budget | Apr | $106.5B | - | $156.7B |
Tomorrow brings Initial Jobless Claims and Export and Import Prices.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil gained 3.5% after the Energy Information Administration reported that crude inventories fell 3.4 million barrels, gasoline inventories fell 1.2 million barrels, and distillates fell 1.6 million barrels.
The U.S. dollar index fell and treasuries rose as the Dow, Nasdaq, and S&P dropped about 1% on poor earnings reports.
Among the big names making news in the market today were Gap, Staples, Office Depot, Disney, Macy’s, Boeing, and Apple.
The Statistics:
As of close of business: 5/10/2016
Gold Warehouse Stocks: | 7,463,221.920 | +48,402.50 |
Silver Warehouse Stocks: | 153,025,845.440 | +171,364.823 |
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 | 839.246 | 26,982,596 | US$34,449m |
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$5,658m |
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$6,254m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$458m |
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 2.377 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 197.78: +0.60 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,421.95: -32.55 change from yesterday’s data.
The Miners:
Goldcorp’s (GG) Dividend Reinvestment Plan update, SEMAFO’s (SMF.TO) first quarter results, Great Panther’s (GPL) option agreement, and Excellon’s (EXN.TO) annual meeting results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Almaden | AAU +8.18% $1.19 |
2. Great Panther | GPL +7.56% $1.85 |
3. Freeport | FCX +6.91% $11.61 |
LOSERS
1. Kinross | KGC -4.89% $5.25 |
2. Endeavour Silver | EXK -0.54% $3.70 |
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, 11 May 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Almost 1% and 2%
