Gold Seeker Closing Report: Gold and Silver Fall Roughly 1.5%
| Close | Gain/Loss |
Gold | $1292.50 | -$21.00 |
Silver | $16.28 | -$0.24 |
XAU | 81.77 | -2.04% |
HUI | 177.97 | -2.18% |
GDM | 623.33 | -2.21% |
JSE Gold | 1041.21 | -25.23 |
USD | 93.24 | +0.62 |
Euro | 118.46 | -0.92 |
Yen | 90.78 | -0.50 |
Oil | $71.31 | +$0.35 |
10-Year | 3.072% | +0.079 |
T-Bond | 141.28125 | -1.46875 |
Dow | 24706.41 | -0.78% |
Nasdaq | 7351.63 | -0.81% |
S&P | 2711.45 | -0.68% |
The Metals:
Gold fell $24.80 to $1288.70 by midafternoon in New York before it bounced back higher into the close, but it still ended with a loss of 1.6%. Silver slipped to as low as $16.204 and ended with a loss of 1.45%.
Euro gold fell to about EUR1091, platinum lost $10 to $898, and copper dropped 3 cents to about $3.05.
Gold and silver equities fell over 2% at the open and remained near that level for the rest of the day.
U.S. consumer spending picking up, gasoline prices a threat Reuters
US business inventories for March comes in at 0.0% vs 0.1% expected forexlive
Home-builder confidence climbs in May MarketWatch
Empire State index climbs in May, still below 2017 peak MarketWatch
U.S. retail sales increase moderately in April Reuters
Tomorrow brings Housing Starts and Industrial Production.
The Markets:
Oil rose 0.5% on continued concerns about unrest in the Middle East.
The U.S. dollar index found notable gains as treasuries fell along with the Dow, Nasdaq, and S&P after this morning's batch of economic data renewed inflation concerns.
Among the big names making news in the market today were Tyson Foods, Walmart, Macy's, and Home Depot.
GATA Posts:
Jim Rickards provides the best summary of gold price manipulation
The Statistics:
As of close of business: 5/14/2018
Gold Warehouse Stocks: | 9,049,324.348 | -198.395 |
Silver Warehouse Stocks: | 267,547,922.686 | -973,200.587 |
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 | 856.167 | 27,526,637 | US$35,641m |
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$5,749m |
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$6,358m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$464m |
Note: Change in Total Tonnes from yesterday's data: SPDR subtracted 1.474 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 292.70: +0.36 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,940.41: -26.36 change from yesterday's data.
Seabridge Gold's (SA) first quarter results, IAMGOLD's (IAG) filed technical report, and Gold Resource's (GORO) final permit were among the big stories in the gold and silver mining industry making headlines today.
WINNER
1. Avino | ASM +2.14% $1.43 |
LOSERS
1. Sibanye | SBGL -7.91% $2.91 |
2. Americas Silver | USAS -5.87% $3.53 |
3. Alio Gold | ALO -4.69% $1.83 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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