-- Published: Tuesday, 24 May 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1228.00 | -$21.60 |
Silver | $16.23 | -$0.17 |
XAU | 80.15 | -5.81% |
HUI | 201.11 | -6.10% |
GDM | 628.62 | -5.24% |
JSE Gold | 2014.19 | -69.27 |
USD | 95.62 | +0.36 |
Euro | 111.41 | -0.80 |
Yen | 90.91 | -0.65 |
Oil | $48.62 | +$0.54 |
10-Year | 1.859% | +0.021 |
T-Bond | 164.00 | -0.46875 |
Dow | 17706.05 | +1.22% |
Nasdaq | 4861.05 | +2.00% |
S&P | 2076.06 | +1.37% |
The Metals:
Gold fell throughout most of world trade and ended near its late session low of $1227.55 with a loss of 1.73%. Silver slipped to as low as $16.199 and ended with a loss of 1.04%.
Euro gold fell to about €1102, platinum lost $11 to $998, and copper climbed a penny to about $2.07.
Gold and silver equities drifted lower throughout the day and ended about 6% lower.
The Economy:
Report | For | Reading | Expected | Previous |
New Home Sales | Apr | 619K | 521K | 531K |
Tomorrow brings the FHFA Housing Price Index.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil closed about 1% higher on speculation that recent supply disruptions will impact tomorrow’s inventory data.
The U.S. dollar index rose and treasuries fell on strong housing data.
The Dow, Nasdaq, and S&P gained over 1% as the financial sector outperformed on continued talk about rising interest rates.
Among the big names making news in the market today were Google, Monsanto, and Sony.
GATA Posts:
Hugo Salinas Price: Mechanical 'economics'
Former IMF economist asserts that gold is money as good as government bonds
Banks must defend Libor lawsuits after judges warn of impact
The Statistics:
As of close of business: 5/23/2016
Gold Warehouse Stocks: | 7,854,091.190 | +92,721.102 |
Silver Warehouse Stocks: | 153,663,956.453 | -633,430.995 |
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 | 872.524 | 28,052,528 | US$34,688m |
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$5,470m |
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$6,042m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$441m |
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 3.268 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 199.43: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,442.66: -8.87 change from yesterday’s data.
The Miners:
Seabridge’s (SA) drill program, Kirkland’s (KGI.TO) exploration results, Gold Standard’s (GSV) survey results, and Hecla’s (HL) plans to acquire Mines Management (MGN) were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Mines Management | MGN +32.26% $0.84 |
2. Paramount | PZG +2.03% $1.50 |
LOSERS
1. Gold Resource | GORO -15.49% $3.00 |
2. Alexco | AXU -12.0% $1.10 |
3. Richmont | RIC -11.23% $7.51 |
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, 24 May 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall About 2% and 1% While Stocks Rise
