-- Published: Thursday, 26 May 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1219.70 | -$4.50 |
Silver | $16.32 | +$0.02 |
XAU | 82.12 | -0.12% |
HUI | 205.11 | +0.21% |
GDM | 638.70 | +0.23% |
JSE Gold | 1964.94 | +44.76 |
USD | 95.16 | -0.26 |
Euro | 111.92 | +0.35 |
Yen | 91.13 | +0.37 |
Oil | $49.48 | -$0.08 |
10-Year | 1.823% | -0.047 |
T-Bond | 164.25 | +0.65625 |
Dow | 17828.29 | -0.13% |
Nasdaq | 4901.76 | +0.14% |
S&P | 2090.10 | -0.02% |
The Metals:
Gold popped up to $1233.80 in early Asian trade and held higher in London before it fell back to $1218.34 in early afternoon New York trade, but it then bounced back higher into the close and ended with a loss of just 0.37%. Silver rose to as high as $16.557 before it dropped back to $16.268, but it then edged back higher in late trade and ended with a gain of 0.12%.
Euro gold fell to about €1090, platinum lost $1 to $990, and coper remained at about $2.11.
Gold and silver equities traded mostly slightly higher and ended with modest gains.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 5/21 | 268K | 275K | 278K |
Durable Orders | Apr | 3.4% | 0.6% | 1.9% |
Durable Orders ex-trans. | Apr | 0.4% | 0.5% | 0.1% |
Pending Home Sales | Apr | 5.1% | 0.6% | 1.6% |
Tomorrow brings GDP and Michigan Sentiment.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ended slightly lower on mixed news about recent supply disruptions.
The U.S. dollar index fell on uncertain economic data that sent treasuries higher.
The Dow, Nasdaq, and S&P held near unchanged on offsetting retail reports.
Among the big names making news in the market today were Costco, Dollar-Store, and Snapchat.
GATA Posts:
Miner sees silver price surging ninefold as global gadgets boom
Citigroup to pay $425 million to end CFTC benchmark probes
The Statistics:
As of close of business: 5/25/2016
Gold Warehouse Stocks: | 8,236,460.621 | +199,512.22 |
Silver Warehouse Stocks: | 153,647,998.513 | -10,042.68 |
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 | 868.662 | 27,928,350 | US$34,170m |
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$5,427m |
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$5,997m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$438m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 35.36 | 1,136,896 | US$1,417m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 198.89: -0.54 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10, 10,442.66: No change from yesterday’s data.
The Miners:
International Tower Hill’s (THM) AGM results, Eldorado’s (EGO) election of directors, and Santacruz Silver’s (SCZ.V) first quarter results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Alexco | AXU +3.67% $1.13 |
2. Almaden | AAU +2.88% $1.07 |
3. Gold Standard | GSV +2.33% $1.65 |
LOSERS
1. Avino | ASM -6.12% $1.38 |
2. MAG Silver | MVG-3.06% $12.35 |
3. Freeport | FCX -2.58% $11.34 |
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: Thursday, 26 May 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Trade Mixed With Stocks
