-- Published: Tuesday, 17 May 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1279.00 | +$4.60 |
Silver | $17.23 | +$0.09 |
XAU | 90.93 | +1.94% |
HUI | 230.19 | +1.19% |
GDM | 710.17 | +1.33% |
JSE Gold | 2225.16 | +9.25 |
USD | 94.54 | -0.02 |
Euro | 113.15 | -0.05 |
Yen | 91.68 | -0.04 |
Oil | $48.31 | +$0.59 |
10-Year | 1.759% | +0.006 |
T-Bond | 165.84375 | +0.28125 |
Dow | 17529.98 | -1.02% |
Nasdaq | 4715.73 | -1.25% |
S&P | 2047.21 | -0.94% |
The Metals:
Gold saw decent gains in Asia before it fell back to $1271.13 in London, but it then climbed to as high as $1282.02 in New York and ended with a gain of 0.36%. Silver rose to as high as $17.334 and ended with a gain of 0.53%.
Euro gold rose to about €1130, platinum gained $2 to $1052, and copper remained at about $2.10.
Gold and silver equities rose roughly 2% by midmorning and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Housing Starts | Apr | 1172K | 1135K | 1099K |
Building Permits | Apr | 1116K | 1130K | 1077K |
CPI | Apr | 0.4% | 0.3% | 0.1% |
Core CPI | Apr | 0.2% | 0.2% | 0.1% |
Industrial Production | Apr | 0.7% | 0.2% | -0.9% |
Capacity Utilization | Apr | 75.4% | 75.0% | 74.9% |
Tomorrow brings FOMC Minutes.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose over 1% more on continued concerns about production disruptions in Canada and Nigeria.
The U.S. dollar index and treasuries traded mixed while the Dow, Nasdaq, and S&P fell over 1% on interest rate uncertainty.
Among the big names making news in the market today were Netflix, Home Depot, and Novartis.
GATA Posts:
'Audit the Fed' movement is taking a big step forward in Congress this week
Armed gangs confound Venezuela's bid to exploit gold mines
Paulson cut gold bets again as Soros, others rushed back
University of Michigan to invest in gold, copper mining fund
Make America gold again: Calls for everyone's favorite standard are back
Bullion Star's Ronan Manly examines the London platinum and palladium market
Soros puts $264 million in Barrick Gold, buys calls on gold ETF
The Statistics:
As of close of business: 5/16/2016
Gold Warehouse Stocks: | 7,595,492.258 | -194.638 |
Silver Warehouse Stocks: | 153,463,578.232 | +1,869.12 |
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$34,938m |
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$5,683m |
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$6,281m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$459m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 34.72 | 1,116,345 | US$1,401m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 198.38: 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. Alexco | AXU +14.75% $1.40 |
2. First Majestic | AG +7.57% $12.08 |
3. Silver Standard | SSRI +5.05% $9.98 |
LOSERS
1. Avino | ASM -4.76% $1.60 |
2. Royal Gold | RGLD -2.26% $57.46 |
3. Richmont | RIC -2.06% $8.55 |
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: Tuesday, 17 May 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain While Stocks Drop 1%
