-- Published: Friday, 25 May 2018 | Print | Disqus
Please Note: There will be no Gold Seeker Reports next week.
Gold chopped up to $1307.80 at about 9AM EST before it drifted back lower into the close, but it ended with a loss of just 0.31%. Silver slipped to as low as $16.489 and ended with a loss of 0.36%.
Euro gold rose to about €1115, platinum lost $11 to $897, and copper fell a couple of cents to about $3.07.
Gold and silver equities fell over 1% by midafternoon and remained near that level for the rest of the day.
Tax breaks for home mortgages to sink 30% in 2018 due to Trump tax law, study shows MarketWatch
Sentiment in U.S. Eases on Less-Favorable Buying Conditions Bloomberg
Durable-goods orders sink 1.7% in April, but strip out Boeing planes and the numbers look good MarketWatch
Oil fell 4% on continued talk about OPEC raising output.
The U.S. dollar index rose on easing geopolitical tensions with North Korea.
Treasuries saw notable gains on “concerns about Italy’s new government and a leadership challenge in Spain.”
The Dow and S&P followed the oil market lower while the Nasdaq edged up on positive news from chipmakers.
Among the big names making news in the market Friday were Broadcom, ZTE Corp., Tesla, and Fiat Chrysler.
Part 4 from 'American Default': Victory in gold battle saved the New Deal
Jim Rickards: 'Axis of Gold' readies gold-based payment system to evade U.S. control
Part 3 from 'American Default': If gold won't go up, push the dollar down
Activity from: 5/24/2018
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
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.
Centerra Gold’s (CG.TO) Strategic Agreement update, McEwen’s (MUX) PEA, and Northern Dynasty’s (NAK) terminated Framework Agreement were among the big stories in the gold and silver mining industry making headlines Friday.
SA +5.91% $11.65
DRD +2.29% $2.68
EMX +1.85% $1.10
SBGL -6.11% $2.46
SVM -4.26% $2.92
PVG -3.87% $6.96
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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-- Published: Friday, 25 May 2018 | E-Mail | Print | Source: GoldSeek.com