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Closing Report|May 25th: Gold and Silver End Mixed While Miners Gain With Stocks








Chris Mullen | Wednesday May 25th

 

Close

Gain/Loss

Gold

$1224.20

-$3.80

Silver

$16.30

+$0.07

XAU

82.47

+2.89%

HUI

205.39

+2.13%

GDM

638.86

+1.61%

JSE Gold

1920.18

-94.01

USD

95.42

-0.20

Euro

111.54

+0.12

Yen

90.76

-0.15

Oil

$49.56

+$0.94

10-Year

1.870%

+0.011

T-Bond

163.5625

-0.50

Dow

17851.51

+0.82%

Nasdaq

4894.89

+0.70%

S&P

2090.54

+0.70%

 
 
Precious Metals Charts Intraday

 

The Metals:

 

Gold fell $10.15 to $1217.85 at about 9:45 AM EST before it bounced back higher into the close, but it still ended with a loss of 0.31%.  Silver slipped to $16.20 in London, but it then rose to as high as $16.355 in New York and ended with a gain of 0.43%.

 

Euro gold fell to about €1098, platinum lost $7 to $991, and copper climbed 4 cents to about $2.11.

 

Gold and silver equities fell about 3% in the first 15 minutes of trade, but they then climbed back higher for most of the rest of the day and ended with roughly 2% gains.

 

The Economy:

 

Report

For

Reading

Expected

Previous

FHFA Housing Price Index

Mar

0.7%

-

0.5%

 

Tomorrow brings Initial Jobless Claims, Durable Goods Orders, and Pending Home Sales.

 

The Markets:

 

Market Charts Intraday

Charts Courtesy of http://finance.yahoo.com/

 

Oil closed almost 2% higher after the Energy Information Administration reported that crude inventories fell 4.2 million barrels, gasoline inventories rose 2 million barrels, and distillates fell 1.3 million barrels.

 

The U.S. dollar index drifted lower on a lack of news related to interest rates.

 

Treasuries saw modest losses as the Dow, Nasdaq, and S&P rose almost 1% on optimism over oil’s rally.

 

Among the big names making news in the market today were Wells Fargo, AB Inbev, and Alibaba.

 

GATA Posts:

 

Gold Anti-trust Action Committee

 

Paul Brodsky: The monetary system has devalued 47% in 10 years

China wants to set prices for the world's commodities

Venezuela fights crisis with biggest sovereign gold sale since 2007

The gold mine Barrick might regret selling

 

The Statistics:

As of close of business: 5/24/2016

Gold Warehouse Stocks:

8,036,948.401

+182,857.211

Silver Warehouse Stocks:

153,658,041.193

-5,915.26

 

Global Gold ETF Holdings

[WGC Sponsored ETF’s]

 Exchange Traded Gold

 

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® Gold Shares

868.662

27,928,350

US$34,080m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities

138.13

4,441,056

US$5,433m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold

152.66

4,908,200

US$6,005m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$439m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

35.36

1,136,896

US$1,417m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 3.862 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 199.43: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10, 10,442.66: No change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Fortuna

FSM +5.83% $5.81

2.  Hecla

HL +5.68% $4.09

3.  First Majestic

AG +5.05% $11.02

 

LOSERS

1.  New Gold

NGD -3.29% $3.82

2.  Gold Fields

GFI -2.70% $3.60

3.  Gold Standard

GSV -2.42% $1.61

Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.

       

Please see Yahoo’s Mining/Metals News Wire for all of today’s mining news.

 

- Chris Mullen, Gold Seeker Report

 

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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2016

Published:May 25th, 2016
Source: Gold-Seeker.com







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