Gold Seeker Weekly Wrap-Up: Gold and Silver End Slightly Higher on the Week
| Close | Gain/Loss | On Week |
Gold | $1318.90 | -$1.70 | +0.37% |
Silver | $16.67 | -$0.05 | +1.03% |
XAU | 83.86 | +0.07% | +1.77% |
HUI | 182.24 | -0.06% | +0.47% |
GDM | 639.91 | -0.00% | +1.16% |
JSE Gold | 1068.30 | +8.70 | -4.19% |
USD | 92.54 | -0.12 | -0.06% |
Euro | 119.44 | +0.19 | -0.11% |
Yen | 91.47 | +0.13 | -0.28% |
Oil | $70.70 | -$0.66 | +1.41% |
10-Year | 2.970% | +0.003 | +0.85% |
Bond | 143.21875 | +0.03125 | -0.22% |
Dow | 24831.17 | +0.37% | +2.34% |
Nasdaq | 7402.88 | -0.03% | +2.68% |
S&P | 2727.72 | +0.17% | +2.41% |
The Metals:
Gold gained $5.30 to $1325.90 at about 8AM EST before it drifted back lower in New York, but it ended with a loss of just 0.13%. Silver rose to as high as $16.828 and ended with a loss of 0.3%.
Euro gold fell to about EUR1104, platinum lost $2 to $921, and copper remained at about $3.11.
Gold and silver equities saw slight gains for most of the morning before they turned modestly lower in afternoon trade, but they edged back higher into the close and ended mixed.
Homebuilders poised for gains but face interest-rate fears Reuters
Consumer sentiment is unchanged in early May, University of Michigan says MarketWatch
Fed's Bullard says households on same footing as employers in labor market MarketWatch
U.S. import prices rise less than expected in April Reuters
Next week's economic highlights include Empire State Manufacturing, Business Inventories, and the Housing Market Index on Tuesday, Housing Starts and Industrial Production on Wednesday, and Initial Jobless Claims, the Philadelphia Fed, and Leading Indicators on Thursday.
The Markets:
Oil held onto a good portion of this week's gains on continued concerns about Iran.
The U.S. dollar index dropped again on thoughts that tame inflation data will influence the fed to hold off on raising their interest rate forecasts.
Treasuries held near unchanged as the Dow, Nasdaq, and S&P traded mostly higher on easing worries about inflation and trade.
Among the big names making news in the market Friday were Facebook, Thomson Reuters, Symantec, Dropbox, Trade Desk, and Nvidia.
GATA Posts:
GATA board member Steer interviewed about commodity price suppression
Putin says he wants to break with the dollar but dumps euros instead
The Statistics:
Activity from: 5/10/2018
Gold Warehouse Stocks: | 9,049,522.743 | - |
Silver Warehouse Stocks: | 268,536,133.853 | -113,091.15 |
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$5,885m |
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$6,504m |
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: 290.40: +0.44 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 10,054.63: No change from yesterday's data.
Almaden's (AAU) private placement, Excellon's (EXN.TO) Annual and Special Meeting results, and Alexco's (AXU) first quarter results were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Paramount | PZG +3.60% $1.44 |
2. Pretivm | PVG +3.46% $7.17 |
3. Gold Standard | GSV +1.56% $1.63 |
LOSERS
1. Nevsun | NSU -5.59% $3.55 |
2. Americas Silver | USAS -2.88% $3.71 |
3. Alexco | AXU -2.63% $1.48 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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