Gold Seeker Closing Report: Gold and Silver End Near Unchanged in Mixed Trade
| Close | Gain/Loss |
Gold | $1291.80 | -$1.30 |
Silver | $16.40 | +$0.01 |
XAU | 82.18 | -1.04% |
HUI | 176.94 | -1.23% |
GDM | 620.48 | -0.10% |
JSE Gold | 1007.04 | -7.73 |
USD | 94.05 | -0.18 |
Euro | 116.98 | +0.39 |
Yen | 91.13 | +0.29 |
Oil | $64.75 | -$1.06 |
10-Year | 2.943% | +0.041 |
T-Bond | 143.96875 | -0.84375 |
Dow | 24813.69 | +0.72% |
Nasdaq | 7606.46 | +0.69% |
S&P | 2746.87 | +0.45% |
The Metals:
Gold dipped $2.70 to $1290.40 in Asia before it rallied up to $1297.70 in London, but it then drifted back lower in New York and ended with a loss of 0.1%. Silver chopped between $16.37 and $16.542 and ended with a gain of 0.06%.
Euro gold fell to about EUR1105, platinum lost $2 to $899, and copper climbed 4 cents to about $3.13.
Gold and silver equities saw slight gains at the open, but they then fell back off into the close and ended roughly 1% lower on the day.
U.S. Housing Affordability Slips With Prices, Rates Surging Bloomberg
U.S. CFTC proposes rule to keep higher threshold for swap dealers Reuters
Weak demand for aircraft hurts U.S. factory orders Reuters
Tomorrow brings ISM Non-Manufacturing and the Labor Department's JOLTS report.
The Markets:
Oil fell nearly 2% on uncertainty about OPEC's future output moves.
The U.S. dollar index dropped as the euro rebounded on waning concerns about Italy that sent treasuries lower and the Dow, Nasdaq, and S&P higher.
Among the big names making news in the market today were Apple, Walmart, Ticketfly, Merck, Southwest, and Microsoft.
GATA Posts:
Member of UK Parliament inquires about gold and silver market rigging
J.P. Koning: Gold and the monetary blockade on Iran
Russia to double gold extraction to become second-biggest producer
Venezuela pays Citi $172 million to recover swapped gold, Reuters says
Paulson nears launch of investor alliance to shake up gold sector
The Statistics:
As of close of business: 6/01/2018
Gold Warehouse Stocks: | 9,015,161.593 | -2,001.08 |
Silver Warehouse Stocks: | 271,575,186.590 | +1,139,518.72 |
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 | 836.420 | 26,891,754 | US$34,823m |
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$5,748m |
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$6,349m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$464m |
COMEX Gold Trust (IAU) Total Tonnes in Trust: 286.08.
Silver Trust (SLV) Total Tonnes in Trust: 10,016.55.
Goldcorp's (GG) dividend, Silver Bull's (SVBL) granted JV option, and Pan American's (PAAS) mine update were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Nevsun | NSU +2.48% $3.31 |
2. Buenaventura | BVN +2.11% $15.98 |
3. Gold Fields | GFI +1.69% $3.61 |
LOSERS
1. Tahoe Resources | TAHO-7.61% $5.10 |
2. Paramount | PZG -6.90% $1.35 |
3. Alexco | AXU -5.04% $1.32 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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