-- Published: Monday, 14 May 2018 | Print | Disqus
| Close | Gain/Loss |
Gold | $1313.50 | -$5.40 |
Silver | $16.52 | -$0.15 |
XAU | 83.47 | -0.47% |
HUI | 181.93 | -0.17% |
GDM | 636.96 | -0.46% |
JSE Gold | 1066.44 | -1.86 |
USD | 92.62 | +0.08 |
Euro | 119.38 | -0.06 |
Yen | 91.28 | -0.19 |
Oil | $70.96 | +$0.26 |
10-Year | 2.993% | +0.023 |
T-Bond | 142.75 | -0.375 |
Dow | 24899.41 | +0.27% |
Nasdaq | 7411.32 | +0.11% |
S&P | 2730.13 | +0.09% |
The Metals:
Gold gained $3.40 to $1322.30 in Asia before it chopped back to $1318.10 in early New York trade and then bounced back higher at times, but it then fell back off again into the close and ended with a loss of 0.41%. Silver slipped to as low as $16.499 and ended with a loss of 0.9%.
Euro gold fell to about €1100, platinum lost $13 to $908, and copper dropped 3 cents to about $3.08.
Gold and silver equities waffled near unchanged and ended slightly lower.
The Economy:
Fed Finds Success at Home Spreads Pain Abroad as Markets Tighten Bloomberg
Fed's Mester reiterates support for gradual U.S. rate increases Reuters
NAFTA math may not add up to more U.S. auto jobs Reuters
Tomorrow brings Empire State Manufacturing, Business Inventories, and the Housing Market Index.
The Markets:
Oil edged higher on concerns about escalating tensions in the Middle East
The U.S. dollar index reversed early losses and ended slightly higher ahead of this week’s economic data and trade talks.
Treasuries fell as the Dow, Nasdaq, and S&P traded mostly higher on hopes for progress in talks between the US and China, among others.
Among the big names making news in the market today were Deutsche Bank, HSBC, Tesla, and Symantec.
GATA Posts:
New struggle for Petropavlovsk could restore former executives
U.S. retreat from trade deals poses new threat to the dollar
The Statistics:
As of close of business: 5/11/2018
Gold Warehouse Stocks: | 9,049,522.743 | - |
Silver Warehouse Stocks: | 268,521,123.273 | -15,010.58 |
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 | 857.641 | 27,574,024 | US$36,388m |
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$5,859m |
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$6,475m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$472m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 5.306 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 292.34: +1.94 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,966.77: -87.86 change from yesterday’s data.
The Miners:
DRC’s mining code, Barrick’s (ABX) natural gas conversion, and Endeavour Silver’s (EXK) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Sibanye | SBGL +6.40% $3.16 |
2. Paramount | PZG +4.86% $1.51 |
3. Silvercorp | SVM +1.43% $2.84 |
LOSERS
1. Alexco | AXU -4.73% $1.41 |
2. Gold Standard | GSV -4.29% $1.56 |
3. McEwen | MUX -4.02% $2.15 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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-- Published: Monday, 14 May 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall as Dollar Reverses Higher
