-- Published: Thursday, 24 May 2018 | Print | Disqus
| Close | Gain/Loss |
Gold | $1304.40 | +$10.80 |
Silver | $16.66 | +$0.21 |
XAU | 84.38 | +1.48% |
HUI | 182.28 | +1.33% |
GDM | 629.88 | +1.16% |
JSE Gold | 993.02 | +20.37 |
USD | 93.77 | -0.19 |
Euro | 117.23 | +0.25 |
Yen | 91.66 | +0.68 |
Oil | $70.71 | -$1.13 |
10-Year | 2.972% | -0.021 |
T-Bond | 142.875 | +0.65625 |
Dow | 24811.76 | -0.30% |
Nasdaq | 7424.43 | -0.02% |
S&P | 2727.76 | -0.20% |
The Metals:
Gold gained $13 to $1306.60 by midmorning In New York before it drifted back lower at times, but it still ended with a gain of 0.83%. Silver rose to as high as $16.688 and ended with a gain of 1.28%.
Euro gold rose to about €1113, platinum gained $6 to $908, and copper climbed 3 cents to about $3.09.
Gold and silver equities rose over 1% in the first half hour of trade and remained near that level for the rest of the day.
The Economy:
Existing-home sales tumble as supply crunch squeezes MarketWatch
US March FHFA house price index 0.1% m/m vs 0.6% expected forexlive
U.S. weekly jobless claims increase more than expected Reuters
Trump urges a new 'structure' for U.S.-China trade deal Reuters
Tomorrow brings Durable Goods Orders and Consumer Sentiment.
The Markets:
Oil fell nearly 2% on talk that OPEC may ease production cuts next month.
The U.S. dollar index dropped and treasuries rose while the Dow, Nasdaq, and S&P reversed morning losses and ended only slightly lower on geopolitical concerns after President Trump called off a planned summit meeting with leader Kim Jong Un of North Korea.
Among the big names making news in the market today were Deutsche Bank, Johnson & Johnson, GreenSky, Pfizer, and GE.
GATA Posts:
London Metal Exchange to launch yuan-denominated futures in sign of Chinese currency's growing cachet
U.S. launches criminal probe into bitcoin price manipulation
Maybe the laid-off South African miners can become investment bankers
The Marshall Islands replaces U.S. dollar with its own cryptocurrency
Part 2 of Bloomberg News excerpting of 'American Default'
The Statistics:
As of close of business: 5/23/2018
Gold Warehouse Stocks: | 9,028,589.239 | - |
Silver Warehouse Stocks: | 270,040,614.347 | +1,058,932.73 |
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 | 852.041 | 27,393,963 | US$35,736m |
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$5,797m |
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$6,407m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$469m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 290.58: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,984.34: No change from yesterday’s data.
The Miners:
Paramount’s (PZG) Pre-Feasibility Study, Alamos Gold’s (AGI) drill results, and Hecla’s (HL) COO appointment were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Alamos | AGI +4.57% $5.49 |
2. New Gold | NGD +4.39% $2.38 |
3. Seabridge | SA +4.27% $11.00 |
LOSERS
1. Tahoe | TAHO -4.72% $5.05 |
2. Taseko | TGB -4.27% $1.12 |
3. Sibanye | SBGL -2.96% $2.62 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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-- Published: Thursday, 24 May 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Roughly 1%
