-- Published: Thursday, 11 May 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1224.10 | +$4.80 |
Silver | $16.32 | +$0.10 |
XAU | 83.84 | +2.86% |
HUI | 194.96 | +2.69% |
GDM | 623.54 | +2.36% |
JSE Gold | 1396.35 | +29.91 |
USD | 99.64 | +0.04 |
Euro | 108.68 | +0.02 |
Yen | 87.83 | +0.31 |
Oil | $47.83 | +$0.50 |
10-Year | 2.393% | -0.016 |
T-Bond | 150.65625 | +0.125 |
Dow | 20919.42 | -0.11% |
Nasdaq | 6115.96 | -0.22% |
S&P | 2394.44 | -0.22% |
The Metals:
Gold gained $4.80 to $1224.10 in London before it fell back to almost unchanged at about 9AM EST, but it then rose to a new session high of $1227.50 in late morning trade and ended with a gain of 0.39%. Silver rose to as high as $16.388 and ended with a gain of 0.62%.
Euro gold rose above €1126, platinum gained $4 to $914, and copper climbed a penny to about $2.50.
Gold and silver equities rose over 2% in the first hour of trade and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 5/06 | 236K | 242K | 238K |
PPI | Apr | 0.5% | 0.2% | -0.1% |
Core PPI | Apr | 0.4% | 0.2% | 0.0% |
Mortgage rates edge up as politics and economics muddle financial markets MarketWatch
Tomorrow brings CPI, Retail Sales, Business Inventories, and Michigan Sentiment.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil gained over 1% more in continued reaction to yesterday’s supply data.
The U.S. dollar index saw slight gains along with treasuries on geopolitical uncertainty.
The Dow, Nasdaq, and S&P ended well off their lows but still ended lower on mixed earnings reports.
Among the big names making news in the market today were Wells Fargo, Macy’s, Tesla, Emirates, Snap, and Verizon.
GATA Posts:
Arizona legislature votes to scrap gains tax on gold and silver coins
Gold imports by India said to rise more than four-fold in April
Anomalous calm in markets, not volatility, has become the sign of crisis
At retirement dinner, Eric Sprott praises GATA's work
The Statistics:
As of close of business: 5/10/2017
Gold Warehouse Stocks: | 8,926,219.548 | -2,411.25 |
Silver Warehouse Stocks: | 198,028,006.771 | -43,370.10 |
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$33,497m |
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$5,435m |
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$6,009m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$439m |
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: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,531.96: +119.22 change from yesterday’s data.
The Miners:
Seabridge Gold’s (SA) Annual Report, IAMGOLD’s (IAG) exploration update, Timmins Gold’s (TGD) revitalization plan and first quarter results, Excellon’s (EXN.TO) annual meeting results, and SilverCrest’s (SIL.V) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. B2Gold | BTG +7.49% $2.44 |
2. Endeavour Silver | EXK +6.87% $3.11 |
3. Royal Gold | RGLD +6.81% $75.29 |
LOSERS
1. Alexco | AXU -5.71% $1.32 |
2. Nevsun | NSU -1.31% $2.26 |
3. Freeport | FCX -0.34% $11.68 |
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, 11 May 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain With Oil
