-- Published: Monday, 16 May 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1274.40 | +$0.70 |
Silver | $17.14 | +$0.04 |
XAU | 89.20 | +2.55% |
HUI | 227.4 | +2.71% |
GDM | 700.85 | +2.01% |
JSE Gold | 2215.91 | +13.53 |
USD | 94.56 | -0.01 |
Euro | 113.20 | +0.12 |
Yen | 91.77 | -0.28 |
Oil | $47.72 | +$1.51 |
10-Year | 1.753% | +0.048 |
T-Bond | 165.65625 | -1.0625 |
Dow | 17710.71 | +1.00% |
Nasdaq | 4775.45 | +1.22% |
S&P | 2066.66 | +0.98% |
The Metals:
Gold gained $14.63 to $1288.33 in London before it chopped back down to $1271.08 by early afternoon in New York, but it then bounced back higher into the close and ended with a gain of 0.05%. Silver climbed up to $17.39 before it fell back to $17.097, but it still ended with a gain of 0.23%.
Euro gold remained at about €1126, platinum lost $1 to $1048, and copper climbed a couple of cents to about $2.10.
Gold and silver equities rose over 2% at the open and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Empire Manufacturing | May | -9.0 | 6.2 | 9.6 |
NAHB Housing Market Index | May | 58 | 59 | 58 |
Net Long-Term TIC Flows | Mar | $78.1B | - | $72.0B |
Tomorrow brings CPI, Housing Starts, Building Permits, Industrial Production, and Capacity Utilization.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose over 3% on worries about global supply outages.
The U.S. dollar index traded mostly lower on poor economic data.
Treasuries fell as the Dow, Nasdaq, and S&P gained about 1% on relief over oil’s rebound.
Among the big names making news in the market today were Freeport, Urbancorp, Pfizer, and Apple.
GATA Posts:
Libya's central bank needs gold stashed in safe but code is in dispute
China's ICBC buys 2,000-ton London gold vault from Barclays
Gold depository could soon be on its way to Texas
Central bankers' wisdom faulted as gold holdings surge 25%
There's a world war against gold, economist Fekete says
The Statistics:
As of close of business: 5/13/2016
Gold Warehouse Stocks: | 7,595,686.896 | +33,576.94 |
Silver Warehouse Stocks: | 153,461,709.112 | +354,187.821 |
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 | 851.132 | 27,364,735 | US$35,178m |
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$5,664m |
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$6,259m |
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 5.943 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 198.38: +0.60 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,421.95: No change from yesterday’s data.
The Miners:
NovaGold’s (NG) AGM results, Alamos Gold’s (AGI) AGM results, and Eldorado Gold’s (EGO) mine sales were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Avino | ASM +12.00% $1.68 |
2. Primero | PPP +9.19% $2.02 |
3. Gold Resource | GORO +7.25% $3.70 |
LOSERS
1. Coeur | CDE -2.83% $8.25 |
2. Nevsun | NSU -0.85% $3.50 |
3. Turquoise | TRQ -0.35% $2.81 |
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, 16 May 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Erase Notable Early Gains But Still End Slightly Higher
