-- Published: Monday, 23 May 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1249.60 | -$2.90 |
Silver | $16.40 | -$0.11 |
XAU | 85.09 | -0.41% |
HUI | 214.16 | -1.07% |
GDM | 663.42 | -0.40% |
JSE Gold | 2083.46 | +13.68 |
USD | 95.26 | -0.06 |
Euro | 112.17 | -0.05 |
Yen | 91.51 | +0.70 |
Oil | $48.08 | -$0.33 |
10-Year | 1.838% | -0.011 |
T-Bond | 164.5625 | +0.3125 |
Dow | 17492.93 | -0.05% |
Nasdaq | 4765.78 | -0.08% |
S&P | 2048.04 | -0.21% |
The Metals:
Gold fell $8.92 to $1243.58 at about 9:30AM EST, but it then rallied back higher for most of the rest of trade and ended with a loss of just 0.23%. Silver slipped to as low as $16.311 in Asia before it also rallied back higher, but it still ended with a loss of 0.67%.
Euro gold fell to about €1114, platinum lost $10 to $1009, and copper remained at about $2.06.
Gold and silver equities fell as much as 3% at the open before they rose to see about 1% gains by midafternoon, but they then fell back off into the close and ended roughly 1% lower.
The Economy:
Fed Shouldn't Kid Itself on Rate Risk, Says $200 Billion Manager Bloomberg
Fed's Williams sees U.S. rate hikes despite Brexit risk, more in 2017 Reuters
Fed's Bullard: rates too low for too long could be risky Reuters
Tomorrow brings New Home Sales.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell after Iran vowed to ramp up output.
The U.S. dollar index edged lower as the yen rose after Japan reported a larger than expected trade surplus.
Treasuries saw slight gains as The Dow, Nasdaq, and S&P traded mixed and ended modestly lower on interest rate uncertainty.
Among the big names making news in the market today were Bank of America, Tribune, and Bayer.
GATA Posts:
Kinross' Paul Rollinson and after the gold rush
The Statistics:
As of close of business: 5/20/2016
Gold Warehouse Stocks: | 7,761,370.088 | +771.60 |
Silver Warehouse Stocks: | 154,297,387.448 | -268,434.756 |
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 | 869.256 | 27,947,453 | US$34,811m |
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$5,542m |
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$6,120m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$449m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 35.36 | 1,136,896 | US$1,417m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 8.913 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 199.43: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,451.53: +29.58 change from yesterday’s data.
The Miners:
WINNERS
1. Avino | ASM +9.38% $1.60 |
2. Gold Standard | GSV +9.20% $1.78 |
3. Seabridge | SA +5.61% $13.87 |
LOSERS
1. DRDGOLD | DRD -4.95% $5.18 |
2. NovaGold | NG -4.52% $5.71 |
3. Paramount | PZG -3.92% $1.47 |
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
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
Additional Resources for today’s Gold Seeker Report can be found:
© Gold Seeker 2016
Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.
Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.
| Digg This Article
-- Published: Monday, 23 May 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Lower With Stocks, Dollar, and Oil
