-- Published: Friday, 11 May 2018 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1318.90 | -$1.70 | +0.37% |
Silver | $16.67 | -$0.05 | +1.03% |
XAU | 83.86 | +0.07% | +1.77% |
HUI | 182.24 | -0.06% | +0.47% |
GDM | 639.91 | -0.00% | +1.16% |
JSE Gold | 1068.30 | +8.70 | -4.19% |
USD | 92.54 | -0.12 | -0.06% |
Euro | 119.44 | +0.19 | -0.11% |
Yen | 91.47 | +0.13 | -0.28% |
Oil | $70.70 | -$0.66 | +1.41% |
10-Year | 2.970% | +0.003 | +0.85% |
Bond | 143.21875 | +0.03125 | -0.22% |
Dow | 24831.17 | +0.37% | +2.34% |
Nasdaq | 7402.88 | -0.03% | +2.68% |
S&P | 2727.72 | +0.17% | +2.41% |
The Metals:
Gold gained $5.30 to $1325.90 at about 8AM EST before it drifted back lower in New York, but it ended with a loss of just 0.13%. Silver rose to as high as $16.828 and ended with a loss of 0.3%.
Euro gold fell to about €1104, platinum lost $2 to $921, and copper remained at about $3.11.
Gold and silver equities saw slight gains for most of the morning before they turned modestly lower in afternoon trade, but they edged back higher into the close and ended mixed.
The Economy:
Homebuilders poised for gains but face interest-rate fears Reuters
Consumer sentiment is unchanged in early May, University of Michigan says MarketWatch
Fed's Bullard says households on same footing as employers in labor market MarketWatch
U.S. import prices rise less than expected in April Reuters
Next week’s economic highlights include Empire State Manufacturing, Business Inventories, and the Housing Market Index on Tuesday, Housing Starts and Industrial Production on Wednesday, and Initial Jobless Claims, the Philadelphia Fed, and Leading Indicators on Thursday.
The Markets:
Oil held onto a good portion of this week’s gains on continued concerns about Iran.
The U.S. dollar index dropped again on thoughts that tame inflation data will influence the fed to hold off on raising their interest rate forecasts.
Treasuries held near unchanged as the Dow, Nasdaq, and S&P traded mostly higher on easing worries about inflation and trade.
Among the big names making news in the market Friday were Facebook, Thomson Reuters, Symantec, Dropbox, Trade Desk, and Nvidia.
GATA Posts:
GATA board member Steer interviewed about commodity price suppression
Putin says he wants to break with the dollar but dumps euros instead
The Statistics:
Activity from: 5/10/2018
Gold Warehouse Stocks: | 9,049,522.743 | - |
Silver Warehouse Stocks: | 268,536,133.853 | -113,091.15 |
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 | 862.947 | 27,744,623 | US$36,586m |
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$5,885m |
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$6,504m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$475m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 290.40: +0.44 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,054.63: No change from yesterday’s data.
The Miners:
Almaden’s (AAU) private placement, Excellon’s (EXN.TO) Annual and Special Meeting results, and Alexco’s (AXU) first quarter results were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Paramount | PZG +3.60% $1.44 |
2. Pretivm | PVG +3.46% $7.17 |
3. Gold Standard | GSV +1.56% $1.63 |
LOSERS
1. Nevsun | NSU -5.59% $3.55 |
2. Americas Silver | USAS -2.88% $3.71 |
3. Alexco | AXU -2.63% $1.48 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
Additional Resources for today’s Gold Seeker Report can be found:
© Gold Seeker 2018
Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.
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.
| Digg This Article
-- Published: Friday, 11 May 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver End Slightly Higher on the Week
