-- Published: Tuesday, 9 May 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1219.80 | -$7.40 |
Silver | $16.15 | -$0.13 |
XAU | 80.20 | -0.45% |
HUI | 186.23 | -0.27% |
GDM | 598.78 | -0.08% |
JSE Gold | 1310.37 | -18.23 |
USD | 99.58 | +0.47 |
Euro | 108.78 | -0.53 |
Yen | 87.84 | -0.51 |
Oil | $45.88 | -$0.55 |
10-Year | 2.394% | +0.013 |
T-Bond | 150.96875 | -0.34375 |
Dow | 20975.78 | -0.17% |
Nasdaq | 6120.59 | +0.29% |
S&P | 2396.92 | -0.10% |
The Metals:
Gold fell $12.90 to $1214.30 in midafternoon New York trade, but it then jumped back higher into the close and ended with a loss of just 0.6%. Silver slipped to as low as $16.061 and ended with a loss of 0.8%.
Euro gold fell to about €1122, platinum lost $15 to $902, and copper remained at about $2.49.
Gold and silver equities dropped over 1% in the first hour of trade before they chopped back higher at times, but they still ended with modest losses on the day.
The Economy:
Report | For | Reading | Expected | Previous |
Wholesale Inventories | Mar | 0.2% | 0.2% | 0.3% |
JOLTS - Job Openings | Mar | 5.743M | 5.725M | 5.682M |
U.S. Treasury upgrades website to better track federal spending data Reuters
Tomorrow brings Import and Export Prices and the Treasury Budget.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell over 1% ahead of tomorrow’s supply data.
The U.S. dollar index rose and treasuries fell after today’s round of Fedspeak continued to support an interest rate hike next month.
The Dow, Nasdaq, and S&P saw slight gains for most of the morning, but they then turned mixed in afternoon trade and ended near unchanged in relatively quiet action.
Among the big names making news in the market today were Valeant, Home Capital, Allergan, and American Airlines.
GATA Posts:
Ronan Manly: LBMA says it will report London gold vault holdings this summer
The Statistics:
As of close of business: 5/8/2017
Gold Warehouse Stocks: | 8,928,728.793 | - |
Silver Warehouse Stocks: | 197,934,997.659 | +981,737.80 |
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 | 851.891 | 27,389,151 | US$33,422m |
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$5,406m |
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$5,975m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$437m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 36.11 | 1,161,080 | US$1,452m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.184 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 201.69: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,412.74: No change from yesterday’s data.
The Miners:
Franco-Nevada's (FNV) first quarter results, Silvercorp’s (SVM) discontinued lawsuits, and Golden Minerals’ (AUMN) first quarter results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Northern Dynasty | NAK +13.66% $2.08 |
2. Taseko | TGB +2.78% $1.11 |
3. Paramount | PZG +1.91% $1.60 |
LOSERS
1. Americas Silver | USAS -3.05% $2.54 |
2. McEwen | MUX -2.94% $2.64 |
3. AngloGold | AU -2.39% $10.60 |
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: Tuesday, 9 May 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Again
