-- Published: Thursday, 4 May 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1228.30 | -$11.20 |
Silver | $16.31 | -$0.16 |
XAU | 78.26 | -2.87% |
HUI | 181.56 | -2.85% |
GDM | 588.01 | -2.61% |
JSE Gold | 1345.61 | -15.28 |
USD | 98.73 | -0.57 |
Euro | 109.88 | +0.94 |
Yen | 89.02 | +0.27 |
Oil | $45.52 | -$2.30 |
10-Year | 2.350% | +0.030 |
T-Bond | 151.875 | -0.9375 |
Dow | 20951.47 | -0.03% |
Nasdaq | 6075.34 | +0.05% |
S&P | 2389.52 | +0.06% |
The Metals:
Gold fell $13.70 to $1225.80 in midmorning New York trade before it bounce back higher at times, but it still ended with a loss of 0.9%. Sliver slipped to as low as $16.228 and ended with a loss of 0.97%.
Euro gold fell to about €1118, platinum gained $3 to $901, and copper dropped 3 cents to about $2.50.
Gold and silver equities lost roughly 3% by late morning and remained near the level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 4/29 | 238K | 246K | 257K |
Trade Balance | Mar | -$43.7B | -$44.4B | -$43.8B |
Productivity | Q1 | -0.6% | 0.1% | 1.8% |
Unit Labor Costs | Q1 | 3.0% | 2.6% | 1.3% |
Factory Orders | Mar | 0.2% | 0.4% | 1.2% |
Tomorrow brings April’s jobs data and Consumer Credit.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil dropped almost 5% on “on signs that OPEC and other producing countries would not take more drastic steps to reduce the world's stubbornly persistent glut of crude.”
The U.S. dollar index fell with treasuries as the euro rose on expectations for the ECB to signal hawkish policy going forward.
The Dow, Nasdaq, and S&P traded mixed as concerns about oil’s drop were offset by decent earnings reports and news that the House “approved a bill on Thursday to repeal major parts of Obamacare and replace it with a Republican healthcare plan.”
Among the big names making news in the market today were HSBC, Shell, Statoil, Viacom, and General Mills.
GATA Posts:
Veteran coin and bullion dealer 'shocked' by 'panic selling'
The Statistics:
As of close of business: 5/3/2017
Gold Warehouse Stocks: | 8,933,491.160 | +3,552.728 |
Silver Warehouse Stocks: | 197,555,442.588 | -54,537.301 |
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$5,455m |
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$6,035m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$441m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 36.11 | 1,161,080 | US$1,452m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 204.23: +0.41 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,412.74: +0.51 change from yesterday’s data.
The Miners:
Alamos Gold’s (AGI) first quarter results, McEwen’s (MUX) first quarter results, New Gold’s (NGD) senior notes offering, Comstock’s (LODE) first quarter results, Richmont’s (RIC) first quarter results, and Endeavour Silver’s (EXK) AGM results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Paramount | PZG +1.81% $1.55 |
2. Randgold | GOLD +0.28% $85.03 |
LOSERS
1. Richmont | RIC -11.33% $6.65 |
2. Endeavour Silver | EK -8.86% $2.88 |
3. First Majestic | AG -8.67% $7.16 |
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: Thursday, 4 May 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Almost 1% More
