-- Published: Wednesday, 9 May 2018 | Print | Disqus
| Close | Gain/Loss |
Gold | $1311.80 | -$2.60 |
Silver | $16.49 | +$0.01 |
XAU | 82.38 | -0.35% |
HUI | 180.27 | -0.50% |
GDM | 632.77 | +0.05% |
JSE Gold | 1090.34 | +12.48 |
USD | 93.12 | +0.02 |
Euro | 118.51 | -0.14 |
Yen | 91.21 | -0.48 |
Oil | $71.14 | +$2.08 |
10-Year | 3.005% | +0.031 |
T-Bond | 142.53125 | -0.84375 |
Dow | 24542.54 | +0.75% |
Nasdaq | 7339.91 | +1.00% |
S&P | 2697.79 | +0.97% |
The Metals:
Gold fell $9.60 to $1304.80 in Asia before it climbed up to $1317.30 in late morning New York trade and then drifted back lower into the close, but it ended with a loss of just 0.2%. Silver dropped down to $16.354 before it rallied back to $16.616 and then also fell back off again, but it still ended with a gain of 0.01%.
Euro gold fell to about €1107, platinum gained $1 to $912, and copper remained at about $3.06.
Gold and silver equities waffled near unchanged and ended mixed.
The Economy:
U.S. producer prices rise slightly after recent solid gains Reuters
Wholesale inventories up 0.3% in March, vs 0.5% gain estimate CNBC
US producer price index rose 0.1% in April, vs 0.3% increase expected CNBC
Tomorrow brings Initial Jobless Claims, CPI, and the Treasury Budget.
The Markets:
Oil rose over 3% after the Energy Information Administration reported that crude inventories fell 2.2 million barrels, gasoline inventories fell 2.2 million barrels, and distillates fell 3.8 million barrels.
The U.S. dollar index held near unchanged in quiet trade.
Treasuries remained lower after today’s $25 billion auction highlighted this week’s increased supply of debt.
"Given the economic fundamentals... and that Treasury is not
likely to be cutting back on auction sizes anytime in the near
future, it doesn't make sense for (yields) to continue to stay
below 3 percent," said Thomas Simons, money market economist at
Jefferies & Co. in New York.
The Dow, Nasdaq, and S&P followed the oil market higher.
Among the big names making news in the market today were Papa John's, Sears, Ford, Vodafone, Electronic Arts, Boeing, and Walmart.
GATA Posts:
Robert Lambourne: BIS gold derivatives down in March, back up in April
The Statistics:
As of close of business: 5/8/2018
Gold Warehouse Stocks: | 9,049,523.031 | +5,823.086 |
Silver Warehouse Stocks: | 268,034,720.603 | -9,035.99 |
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 | 864.127 | 27,782,535 | US$36,498m |
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$5,838m |
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$6,451m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$471m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 289.45: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,054.63: No change from yesterday’s data.
The Miners:
Kinross Gold’s (KGC) changing policies in Africa, Seabridge Gold’s (SA) new gold zones, and Alio Gold’s (ALO) first quarter 2018 results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Nevsun | NSU +4.36% $3.59 |
2. Alio Gold | ALO +3.66% $1.98 |
3. Buenaventura | BVN +3.31% $15.61 |
LOSERS
1. Kinross | KGC -10.92% $3.67 |
2. Coeur | CDE -3.42% $7.91 |
3. Sibanye | SBGL -3.26% $2.97 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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-- Published: Wednesday, 9 May 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Mixed
