Gold Seeker Closing Report: Gold and Silver End Slightly Higher
| Close | Gain/Loss |
Gold | $1279.60 | +$1.40 |
Silver | $17.57 | +$0.05 |
XAU | 83.12 | -0.12% |
HUI | 192.84 | +0.70% |
GDM | 632.61 | +0.20% |
JSE Gold | 1319.37 | +13.02 |
USD | 96.81 | +0.13 |
Euro | 112.58 | -0.27 |
Yen | 90.50 | -0.08 |
Oil | $47.40 | -$0.26 |
10-Year | 2.180% | +0.030 |
T-Bond | 155.6875 | -0.46875 |
Dow | 21184.04 | -0.10% |
Nasdaq | 6295.68 | -0.16% |
S&P | 2436.10 | -0.12% |
The Metals:
Gold gained $4.80 to $1283.00 by a little after 8AM EST before it dropped back to $1277.90 in the next four hours of trade, but it then chopped back higher into the close and ended with a gain of 0.11%. Silver rose to as high as $17.634 and ended with a gain of 0.29%.
Euro gold rose to about EUR1137, platinum gained $1 to $951, and copper fell a couple of cents to about $2.56.
Gold and silver equities waffled near unchanged and ended mixed.
Report | For | Reading | Expected | Previous |
Productivity | Q1 | 0.0% | -0.2% | -0.6% |
Unit Labor Costs | Q1 | 2.2% | 2.4% | 3.0% |
ISM Services | May | 56.9 | 57.0 | 57.5 |
Factory Orders | April | -0.2% | -0.2% | 0.2% |
Tomorrow brings JOLTS - Job Openings data.
The Markets:
Oil ended lower in mixed trade on uncertainty about Middle East oil production after Saudi Arabia and three other countries cut ties with Qatar.
The U.S. dollar index edged higher as the euro drifted lower ahead of this week's ECB meeting.
Treasuries fell on profit taking from last week's gains.
The Dow, Nasdaq, and S&P closed with modest losses on diplomatic and political uncertainty.
Among the big names making news in the market today were Forestar, Harley-Davidson, Uber, Facebook, and Deutsche Bank.
GATA Posts:
Singapore's gold hub strategy bears fruit as imports, exports rise
Ted Butler: CFTC discovers some silver market manipulation after all
Hoard of Roman gold coins found at former burial site in Netherlands
India to levy 3% tax on gold under new regime; industry relieved
San Fran Fed prez urges more comprehensive market rigging
GATA's Ed Steer interviewed in Vancouver about silver market manipulation
Trump considers negative rates advocate for Federal Reserve role
Fretting over savings, Mrs. Watanabe turns to bitcoin
The Statistics:
As of close of business: 6/2/2017
Gold Warehouse Stocks: | 8,854,476.009 | +56,133.90 |
Silver Warehouse Stocks: | 203,632,590.394 | +1,402,195.47 |
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(R) Gold Shares | 851.003 | 27,360,594 | US$35,007m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb?rse (Deutsche B?rse - Xetra) | Gold Bullion Securities | 138.13 | 4,441,056 | US$5,690m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb?rse (Deutsche B?rse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 152.66 | 4,908,200 | US$6,275m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$459m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 34.33 | 1,103,760 | US$1,383m |
Note: Change in Total Tonnes from yesterday's data: SPDRD added 3.551 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 204.34: +1.37 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 10,601.17: -4.39 change from yesterday's data.
Royal Gold's (RGLD) new credit facility and Goldcorp's (GG) dividend were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Northern Dynasty | NAK +16.99% $1.79 |
2. Silvercorp | SVM +12.85% $3.25 |
3. Sandstorm | SAND +4.64% $3.61 |
LOSERS
1. Alio Gold | ALO -4.57% $4.59 |
2. Americas Silver | USAS -2.74% $2.84 |
3. Great Panther | GPL -1.68% $1.17 |
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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