-- Published: Wednesday, 17 May 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1258.70 | +$22.20 |
Silver | $16.89 | +$0.07 |
XAU | 86.54 | +0.88% |
HUI | 200.55 | +1.42% |
GDM | 647.48 | +1.40% |
JSE Gold | 1463.87 | +60.68 |
USD | 97.52 | -0.66 |
Euro | 111.57 | +0.68 |
Yen | 90.08 | +1.61 |
Oil | $49.07 | +$0.41 |
10-Year | 2.223% | -0.103 |
T-Bond | 153.75 | +2.15625 |
Dow | 20606.93 | -1.78% |
Nasdaq | 6011.24 | -2.57% |
S&P | 2357.03 | -1.82% |
The Metals:
Gold jumped $23.70 to $1260.20 in late morning New York trade before it edged back lower into midday, but it then popped up to a new session high of $1261.10 in the last minutes of trade and ended with a gain of 1.8%. Silver rose to as high as $17.031 and ended with a gain of 0.42%.
Euro gold rose to about €1129, platinum gained $4 to $942, and copper dropped a penny to about $2.54.
Gold and silver equities rose over 2% by late morning before they drifted back lower at times, but they still ended about 1% higher on the day.
The Economy:
Mortgage volume drops 4.1% in latest week as younger buyers bail out CNBC
McCain says Trump’s problems are ‘reaching Watergate size’ MarketWatch
Wall Street's 'fear gauge' on track for biggest daily pop in more than 8 months MarketWatch
Tomorrow brings Initial Jobless Claims, the Philadelphia Fed, and Leading Indicators.
The Markets:
Oil remained higher after the Energy Information Administration reported that crude inventories fell 1.8 million barrels, gasoline inventories fell 400,000 barrels, and distillates fell 1.9 million barrels.
The U.S. dollar index fell and treasuries rose markedly as the Dow, Nasdaq, and S&P dropped roughly 2% on concerns about the Trump administration.
Among the big names making news in the market today were Qualcomm, Salesforce, Target, Ford, and Johnson & Johnson.
The Statistics:
As of close of business: 5/16/2017
Gold Warehouse Stocks: | 8,762,195.982 | - |
Silver Warehouse Stocks: | 200,483,311.945 | +431,783.65 |
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$34,433m |
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$5,584m |
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$6,163m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$452m |
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: 202.29: +0.60 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,649.70: +44.15 change from yesterday’s data.
The Miners:
WINNERS
1. Gold Fields | GFI +4.40% $3.80 |
2. Fortuna | FSM +4.19% $4.72 |
3. AngloGold | AU +4.10% $11.69 |
LOSERS
1. Alio Gold | ALO -7.50% $4.44 |
2. Taseko | TGB -5.30% $1.25 |
3. Turquoise | TRQ -4.27% $2.69 |
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, 17 May 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Gains Almost 2% While Dow Drops Nearly 2% 
