-- Published: Wednesday, 3 May 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1239.50 | -$17.40 |
Silver | $16.47 | -$0.36 |
XAU | 80.57 | -0.85% |
HUI | 186.89 | -0.02% |
GDM | 603.38 | -0.53% |
JSE Gold | 1345.61 | -15.28 |
USD | 99.30 | +0.33 |
Euro | 108.94 | -0.32 |
Yen | 88.75 | -0.51 |
Oil | $47.82 | +$0.16 |
10-Year | 2.320% | +0.029 |
T-Bond | 152.4875 | -0.28125 |
Dow | 20957.90 | +0.04% |
Nasdaq | 2072.55 | -037% |
S&P | 2388.13 | -0.13% |
The Metals:
Gold dropped $10.70 to $1246.20 at about 10:30AM EST before it bounced back higher around the release of today’s fed announcement, but it then fell back off into the close and ended with a loss of 1.38%. Silver slipped to as low as $16.465 and ended with a loss of 2.14%.
Euro gold fell to about €1138, platinum lost $27 to $898, and copper dropped 11 cents to about $2.53.
Gold and silver equities lost roughly 1% in the first hour of trade before they rose to see about 1% gains in early afternoon trade, but they then fell back off in late trade and ended with modest losses.
The Economy:
Report | For | Reading | Expected | Previous |
ADP Employment | Apr | 177K | 170K | 255K |
Services-Sector PMI | Apr | 53.1 | 52.3 | 52.8 |
ISM Non-Manufacturing | Apr | 57.5 | 55.8 | 55.2 |
Fed holds interest rates steady, dismisses first quarter slump as ‘transitory’ MarketWatch
Fed Refrains From Rate Hike While Maintaining Sunny Outlook Bloomberg
U.S. House nearing passage of bill to fund government, avoid shutdown Reuters
The unanswerable question: Do tax cuts pay for themselves? MarketWatch
Mortgage applications to buy a home finally spring back, climbing 5% CNBC
Tomorrow brings Jobless Claims, International Trade, Productivity, and Factory Orders.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil pared early gains after the Energy Information Administration reported that crude inventories fell 900,000 barrels, gasoline inventories rose 200,000 barrels, and distillates fell 600,000 barrels.
The U.S. dollar index rose and treasuries traded mixed as the Dow, Nasdaq, and S&P mostly fell on disappointing earnings reports.
Among the big names making news in the market today were VW, Yum, Time Warner, FireEye, Apple, and Akamai.
GATA Posts:
Bill Rice Jr.: Silver miners must know their market is rigged but are too afraid to protest
TF Metals Report: Comex crime scene mechanics
Banks say gold price-fixing data errors entitle them to do-over
The Statistics:
As of close of business: 5/2/2017
Gold Warehouse Stocks: | 8,929,938.432 | -4,725.47 |
Silver Warehouse Stocks: | 197,609,983.655 | +600,019.69 |
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 | 853.362 | 27,436,446 | US$34,291m |
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$5,547m |
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$6,130m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$448m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 35.73 | 1,148,868 | US$1,391m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 203.82: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,417.23: +108.93 change from yesterday’s data.
The Miners:
SEMAFO‘s (SMF.TO) first quarter results, Primero’s (PPP) first quarter results and operating guidance, and Endeavour Silver’s (EXK) first quarter results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Tahoe Resource | TAHO +14.67% $8.99 |
2. Kinross | KGC +10.12% $3.70 |
3. Endeavour Silver | EXK +8.22% $3.16 |
LOSERS
1. Northern Dynasty | NAK -6.21% $1.51 |
2. Freeport | FCX -5.50% $12.02 |
3. Paramount | PZG -5.45% $1.52 |
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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-- Published: Wednesday, 3 May 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Over 1% and 2%
