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Gold Seeker Closing Report: Gold and Silver End Slightly Higher
By: Chris Mullen, Gold-Seeker.com

 -- Published: Monday, 5 June 2017 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1279.60

+$1.40

Silver

$17.57

+$0.05

XAU

83.12

-0.12%

HUI

192.84

+0.70%

GDM

632.61

+0.20%

JSE Gold

1319.37

+13.02

USD

96.81

+0.13

Euro

112.58

-0.27

Yen

90.50

-0.08

Oil

$47.40

-$0.26

10-Year

2.180%

+0.030

T-Bond

155.6875

-0.46875

Dow

21184.04

-0.10%

Nasdaq

6295.68

-0.16%

S&P

2436.10

-0.12%

 
http://goldseek.com/news/2017/6-5-2017%202-07-00%20PM.jpg

 

The Metals:

 

Gold gained $4.80 to $1283.00 by a little after 8AM EST before it dropped back to $1277.90 in the next four hours of trade, but it then chopped back higher into the close and ended with a gain of 0.11%.  Silver rose to as high as $17.634 and ended with a gain of 0.29%.

 

Euro gold rose to about €1137, platinum gained $1 to $951, and copper fell a couple of cents to about $2.56.

 

Gold and silver equities waffled near unchanged and ended mixed.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Productivity

Q1

0.0%

-0.2%

-0.6%

Unit Labor Costs

Q1

2.2%

2.4%

3.0%

ISM Services

May

56.9

57.0

57.5

Factory Orders

April

-0.2%

-0.2%

0.2%

 

Tomorrow brings JOLTS - Job Openings data.

 

The Markets:

 

Oil ended lower in mixed trade on uncertainty about Middle East oil production after Saudi Arabia and three other countries cut ties with Qatar.

 

The U.S. dollar index edged higher as the euro drifted lower ahead of this week’s ECB meeting.

 

Treasuries fell on profit taking from last week’s gains.

 

The Dow, Nasdaq, and S&P closed with modest losses on diplomatic and political uncertainty.

 

Among the big names making news in the market today were Forestar, Harley-Davidson, Uber, Facebook, and Deutsche Bank.

 

GATA Posts:

 

 

Singapore's gold hub strategy bears fruit as imports, exports rise

Ted Butler: CFTC discovers some silver market manipulation after all

Hoard of Roman gold coins found at former burial site in Netherlands

India to levy 3% tax on gold under new regime; industry relieved

San Fran Fed prez urges more comprehensive market rigging

GATA's Ed Steer interviewed in Vancouver about silver market manipulation

Trump considers negative rates advocate for Federal Reserve role

Fretting over savings, Mrs. Watanabe turns to bitcoin

 

The Statistics:

As of close of business: 6/2/2017

Gold Warehouse Stocks:

8,854,476.009

+56,133.90

Silver Warehouse Stocks:

203,632,590.394

+1,402,195.47

 

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

851.003

27,360,594

US$35,007m

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$5,690m

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$6,275m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$459m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

34.33

1,103,760

US$1,383m

Note: Change in Total Tonnes from yesterday’s data: SPDRD added 3.551 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 204.34: +1.37 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,601.17: -4.39 change from yesterday’s data.

 

The Miners:

 

Royal Gold’s (RGLD) new credit facility and Goldcorp’s (GG) dividend were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Northern Dynasty

NAK +16.99% $1.79

2.  Silvercorp

SVM +12.85% $3.25

3.  Sandstorm

SAND +4.64% $3.61

 

LOSERS

1.  Alio Gold

ALO -4.57% $4.59

2.  Americas Silver

USAS -2.74% $2.84

3.  Great Panther

GPL -1.68% $1.17

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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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2017

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Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions.  The author of this report is not a registered financial advisor.  Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate.  The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.  Past results are not necessarily indicative of future results.  Any statements non-factual in nature constitute only current opinions, which are subject to change.  Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein.  Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.


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 -- Published: Monday, 5 June 2017 | E-Mail  | Print  | Source: GoldSeek.com

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