Gold Seeker Closing Report: Gold and Silver Gain Roughly 1%
| Close | Gain/Loss |
Gold | $1320.60 | +$8.80 |
Silver | $16.72 | +$0.23 |
XAU | 83.81 | +1.74% |
HUI | 182.34 | +1.15% |
GDM | 640.58 | +1.23% |
JSE Gold | 1059.60 | -30.74 |
USD | 92.66 | -0.46 |
Euro | 119.25 | +0.74 |
Yen | 91.34 | +0.13 |
Oil | $71.36 | +$0.22 |
10-Year | 2.967% | -0.038 |
T-Bond | 143.1875 | +0.53125 |
Dow | 24739.53 | +0.80% |
Nasdaq | 7404.97 | +0.89% |
S&P | 2723.07 | +0.94% |
The Metals:
Gold climbed $10.90 to $1322.70 by midmorning In New York before it pared back heading into midday, but it then rallied back higher in afternoon trade and ended with a gain of 0.67%. Silver rose to as high as $16.75 and ended with a gain of 1.39%.
Euro gold remained at about EUR1107, platinum gained $11 to $923, and copper climbed 5 cents to about $3.11.
Gold and silver equities rose over 1% at the open and remained near that level for the rest of the day.
U.S. government posts $214 billion surplus in April Reuters
Consumer inflation softer than expected in April, CPI shows MarketWatch
U.S. weekly jobless claims hover near 48-year low Reuters
Tomorrow brings Import and Export Prices and Consumer Sentiment.
The Markets:
Oil ended slightly higher in mixed trade as the U.S. dollar index fell and treasuries climbed higher along with the Dow, Nasdaq, and S&P on tame CPI data that reduced expectations for more interest rate hikes.
Among the big names making news in the market today were Nvidia, Roku, Wells Fargo, RBS, UniCredit, AMC Networks, and Eli Lilly.
GATA Posts:
Iran's gold demand set to spurt before Trump sanctions bite
Dollar-plagued world now has another currency to worry about
The Statistics:
As of close of business: 5/9/2018
Gold Warehouse Stocks: | 9,049,522.743 | -0.288 |
Silver Warehouse Stocks: | 268,649,225.003 | +614,504.40 |
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 | 862.947 | 27,744,623 | US$36,586m |
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$5,856m |
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$6,473m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$474m |
Note: Change in Total Tonnes from yesterday's data: SPDR subtracted 1.18 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 289.96: +0.51 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 10,054.63: No change from yesterday's data.
Franco-Nevada's (FNV) election of directors, Randgold's (GOLD) first quarter results, B2Gold's (BTG) first quarter results, Fortuna's (FSM) Management Information Circular, and Hecla's (HL) first quarter results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Pan American | PAAS +10.56% $18.11 |
2. Taseko | TGB +7.76% $1.25 |
3. Americas Silver | USAS +7.61% $3.82 |
LOSERS
1. Paramount | PZG -5.44% $1.39 |
2. Randgold | GOLD-4.52% $78.61 |
3. New Gold | NGD -4.47% $2.35 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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