Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Almost 1% and 4% on the Week
| Close | Gain/Loss | On Week |
Gold | $1323.60 | +$6.10 | -0.90% |
Silver | $16.52 | UNCH | -3.56% |
XAU | 82.93 | +0.49% | -2.57% |
HUI | 182.04 | +0.84% | -1.16% |
GDM | 634.13 | +0.61% | -0.40% |
JSE Gold | 1095.67 | +0.56 | -0.70% |
USD | 91.51 | -0.08 | +1.31% |
Euro | 121.28 | +0.22 | -1.31% |
Yen | 91.75 | +0.15 | -1.38% |
Oil | $68.10 | -$0.03 | -0.41% |
10-Year | 2.959% | -0.023 | UNCH |
Bond | 143.1875 | +0.8125 | +0.13% |
Dow | 24311.19 | -0.05% | -0.62% |
Nasdaq | 7119.80 | +0.02% | -0.37% |
S&P | 2669.91 | +0.11% | -0.01% |
The Metals:
Gold fell $1.90 to $1315.60 in Asia, but it then rallied back higher in London and New York and ended near its late session high of $1325.50 with a gain of 0.46%. Silver rose to as high as $16.564 and ended unchanged on the day.
Euro gold climbed above EUR1091, platinum gained $8 to $914, and copper dropped 6 cents to about $3.06.
Gold and silver equities traded mostly slightly higher and ended with modest gains.
Consumer sentiment shows taxes, tariffs pulling Americans in opposite direction MarketWatch
U.S. Growth Cools to 2.3% as Gains in Consumer Spending Ease Bloomberg
U.S. Private-Sector Wages Lodge Biggest Gain Since 2008 Bloomberg
Next week's economic highlights include Personal Income and Outlays, Chicago PMI, and Pending Home Sales on Monday, ISM and PMI Manufacturing and Construction Spending on Tuesday, ADP Employment and a FOMC Meeting Announcement on Wednesday, Initial Jobless Claims, International Trade, Productivity and Costs, PMI Services, Factory Orders, and ISM Non- Manufacturing on Thursday, and April's jobs data on Friday.
The Markets:
Oil held near unchanged on uncertainty about Iran.
The U.S. dollar index reversed early gains and ended slightly lower on profit taking.
Treasuries rose as the Dow, Nasdaq, and S&P traded mixed despite mostly better than expected earnings reports.
Among the big names making news in the market Friday were Exxon, Chevron, Charter, Apple, Boeing, Microsoft, Intel, Facebook, and Amazon.
GATA Posts:
Paris to decide fate of huge gold mine in forests of French Guiana
Royal Canadian Mint calls mounties after 2 kilos of gold vanish
In GoldSeek Radio interview, GATA secretary cites BIS, Comex developments
The Statistics:
Activity from: 4/26/2018
Gold Warehouse Stocks: | 9,049,756.666 | - |
Silver Warehouse Stocks: | 261,513,838.494 | +96,643.425 |
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 | 871.196 | 28,009,830 | US$37,004m |
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$5,871m |
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$6,486m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$475m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 287.33: +0.39 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,856.67: No change from yesterday's data.
Newmont's (NEM) new board member and annual meeting results and Vista Gold's (VGZ) annual meeting results were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Nevsun | NSU +3.38% $2.75 |
2. Silvercorp | SVM +2.49% $2.88 |
3. New Gold | NGD +2.14% $2.39 |
LOSERS
1. Taseko | TGB -3.28% $1.18 |
2. Coeur | CDE -3.08% $7.88 |
3. Gold Standard | GSV -3.03% $1.60 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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