-- Published: Monday, 8 May 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1227.20 | -$2.10 |
Silver | $16.28 | -$0.10 |
XAU | 80.56 | +0.35% |
HUI | 186.74 | +0.41% |
GDM | 599.31 | +0.10% |
JSE Gold | 1328.60 | -20.16 |
USD | 99.11 | +0.56 |
Euro | 109.31 | -0.68 |
Yen | 88.35 | -0.53 |
Oil | $46.43 | +$0.21 |
10-Year | 2.381% | +0.032 |
T-Bond | 151.21875 | -0.59375 |
Dow | 21012.28 | +0.03% |
Nasdaq | 6102.66 | +0.03% |
S&P | 2399.38 | +0.00% |
The Metals:
Gold gained $7.20 to $1236.50 in London before it fell back to $1226.20 in early afternoon New York trade, but it then bounced back higher into the close and ended with a loss of just 0.17%. Silver slipped to as low as $16.24 and ended with a loss of 0.61%.
Euro gold rose to about €1123, platinum gained $7 to $917, and copper fell a few cents to about $2.49.
Gold and silver equities drifted roughly 1% lower by midday, but they then rallied back higher into the close and ended with modest gains.
The Economy:
U.S. inflation expectations edge up: NY Fed Reuters
Fed's Mester Warns Against Falling Behind With Rate-Hike Pace Bloomberg
Fed's goals largely met, U.S. rate hikes on track: Mester Reuters
St. Louis Fed's Bullard says demand for safe assets holding rates low Reuters
Tomorrow brings Wholesale Inventories and JOLTS - Job Openings.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil edged higher in mixed trade on talks about extending output cuts.
The U.S. dollar index rose and treasuries fell as the Dow, Nasdaq, and S&P turned higher by the close after France’s presidential election went as expected.
Among the big names making news in the market today were Sinclair Broadcast and Tribune Media, Comcast and Charter, Tyson Foods, and Coach and Kate Spade.
GATA Posts:
Sprott, Neumeyer explain how too much demand drove junior miner prices down
Gold leasing by central banks is used to attack gold price, von Greyerz tells KWN
India's April gold imports more than double from year ago, GFMS says
LME introduces gold and silver trading on July 10
Ed Steer: Are JPMorgan et al. done yet?
Hong Kong exchange tries gold futures again, with physical delivery this time
Those attacks on gold don't come from Adam Hamilton's mere 'speculators'
Thai central bank chief welcomes proposal to reduce U.S. dollar transactions
Lower prices bolster gold demand; premiums rise in India, China
George Gilder: Currency trading is in chaos, so reconsider the gold standard
The Statistics:
As of close of business: 5/5/2017
Gold Warehouse Stocks: | 8,928,728.793 | -4,762.367 |
Silver Warehouse Stocks: | 196,953,259.859 | -30,089.45 |
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 | 853.075 | 27,427,215 | US$33,727m |
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$5,454m |
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$6,026m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$440m |
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: 201.69: -1.34 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,412.74: No change from yesterday’s data.
The Miners:
Nevsun’s (NSU) new CEO, Alexco’s (AXU) equity financing and first quarter results, and Avino’s (ASM) property update were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Northern Dynasty | NAK +14.37% $1.83 |
2. Eldorado | EGO +3.80% $3.55 |
3. Hecla | HL +2.45% $5.43 |
LOSERS
1. Almaden | AAU -5.07% $1.31 |
2. AngloGold | AU -2.95% $10.86 |
3. Alexco | AXU -2.14% $1.37 |
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: Monday, 8 May 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Lower In Mixed Trade
