The Metals:

Gold edged up to $1270.40 in Asia before it drifted back down to $1259.50 at about 8:30AM EST and then bounced back higher into midday, but it still ended with a loss of 0.31%.  Silver gained $0.15 to $17.47 in Asia before it dropped back to $17.215 in early New York trade, but it then rallied back higher into the close and ended with a gain of 0.52%.

Euro gold fell to about €1129, platinum lost $20 to $937, and copper remained at about $2.57.

Gold and silver equities fell roughly 1% at the open and remained near that level for the rest of the day.

The Economy:

Tomorrow brings Chicago PMI, Pending Home Sales Index, and the fed’s Beige Book.

The Markets:

Oil edged lower on continued concerns about an oversupplied market.

The U.S. dollar index fell as the pound and euro bounced back from last week’s politically-driven losses.

Treasuries rose and the Dow, Nasdaq, and S&P dropped on economic uncertainty as traders await this Friday’s jobs report and its implications for the future of interest rate hikes by the fed.

Among the big names making news in the market today were Amazon, TiVo, Smucker, and British Airways.

GATA Posts:

Five big reasons why people are still skeptical about bitcoin

Hong Kong needs around-the-clock gold trading

The Statistics:

As of close of business: 5/26/2017

Global Gold ETF Holdings

[WGC Sponsored ETF’s]

Note: No change in Total Tonnes from yesterday’s data.

COMEX Gold Trust (IAU) Total Tonnes in Trust: 202.97: +0.15 change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 10,605.56: -29.43 change from yesterday’s data.

The Miners:

Taseko’s (TGB) notes offering and Alexco’s (AXU) financing were among the big stories in the gold and silver mining industry making headlines today.

WINNERS

LOSERS

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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• http://www.silverseek.com
• http://www.goldreview.com 

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