-- Published: Friday, 13 May 2016 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1273.70 | +$5.20 | -1.13% |
Silver | $17.10 | +$0.03 | -2.01% |
XAU | 86.98 | +0.58% | -1.74% |
HUI | 221.48 | +1.39% | -2.06% |
GDM | 686.93 | +0.48% | -1.22% |
JSE Gold | 2202.38 | +59.97 | -3.15% |
USD | 94.57 | +0.40 | +0.79% |
Euro | 113.07 | -0.68 | -0.86% |
Yen | 92.04 | +0.36 | -1.91% |
Oil | $46.21 | -$0.49 | +3.47% |
10-Year | 1.705% | -0.052 | -4.16% |
Bond | 166.65625 | +1.21875 | +0.89% |
Dow | 17535.32 | -1.05% | -1.16% |
Nasdaq | 4717.67 | -0.42% | -0.39% |
S&P | 2046.61 | -0.85% | -0.51% |
The Metals:
Gold gained $7.81 to $1276.31 in London before it fell back to $1264.22 in early New York trade, but it then rallied back higher for most of the rest of the day and ended with a gain of 0.41%. Silver edged up to $17.169 before it dropped back to $16.878, but it also climbed back higher into the close and ended with a gain of 0.18%.
Euro gold rose to about €1126, platinum gained $1 to $1049, and copper remained at about $2.08.
Gold and silver equities rose roughly 1% in the first 20 minutes of trade and remained near the level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
PPI | Apr | 0.2% | 0.3% | -0.1% |
Core PPI | Apr | 0.1% | 0.1% | -0.1% |
Retail Sales | Apr | 1.3% | 0.8% | -0.3% |
Retail Sales ex-auto | Apr | 0.8% | 0.5% | 0.4% |
Business Inventories | Mar | 0.4% | 0.2% | -0.1% |
Michigan Sentiment | May | 95.8 | 90.0 | 89.0 |
All of this week’s other economic reports:
Next week’s economic highlights include Empire Manufacturing, the NAHB Housing Market Index, and Net Long-Term TIC Flows on Monday, CPI, Housing Starts, Building Permits, Industrial Production, Capacity Utilization on Tuesday, FOMC Minutes on Wednesday, Initial Jobless Claims and the Philadelphia Fed on Thursday, and Existing Home Sales on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell 1.1% as the U.S. dollar index rose on better than expected economic data.
Treasuries saw notable gains as the Dow, Nasdaq, and S&P dropped about 1% on more poor earnings reports.
Among the big names making news in the market Friday were J.C. Penney, Uber, Mylan, Apple, and Lowe’s.
GATA Posts:
There's a world war against gold, economist Fekete says
The Statistics:
Activity from: 5/12/2016
Gold Warehouse Stocks: | 7,562,109.956 | -104.099 |
Silver Warehouse Stocks: | 153,107,521.291 | +285,291.239 |
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 | 845.189 | 27,173,667 | US$34,394m |
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$5,644m |
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$6,238m |
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: Change in Total Tonnes from yesterday’s data: SPDR added 3.269 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 197.78: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,421.95: No change from yesterday’s data.
The Miners:
WINNERS
1. MAG Silver | MVG +7.93% $13.61 |
2. Coeur | CDE +5.74% $8.48 |
3. B2Gold | BTG +5.34% $2.17 |
LOSERS
1. Almaden | AAU -5.88% $1.12 |
2. Freeport | FCX -5.62% $10.41 |
3. Gold Standard | GSV -3.57% $1.49 |
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, 13 May 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall About 1% and 2% on the Week
