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Closing Report|May 26th: Gold and Silver Trade Mixed With Stocks








Chris Mullen | Thursday May 26th

 

Close

Gain/Loss

Gold

$1219.70

-$4.50

Silver

$16.32

+$0.02

XAU

82.12

-0.12%

HUI

205.11

+0.21%

GDM

638.70

+0.23%

JSE Gold

1964.94

+44.76

USD

95.16

-0.26

Euro

111.92

+0.35

Yen

91.13

+0.37

Oil

$49.48

-$0.08

10-Year

1.823%

-0.047

T-Bond

164.25

+0.65625

Dow

17828.29

-0.13%

Nasdaq

4901.76

+0.14%

S&P

2090.10

-0.02%

 
 
Precious Metals Charts Intraday

 

The Metals:

 

Gold popped up to $1233.80 in early Asian trade and held higher in London before it fell back to $1218.34 in early afternoon New York trade, but it then bounced back higher into the close and ended with a loss of just 0.37%.  Silver rose to as high as $16.557 before it dropped back to $16.268, but it then edged back higher in late trade and ended with a gain of 0.12%.

 

Euro gold fell to about €1090, platinum lost $1 to $990, and coper remained at about $2.11.

 

Gold and silver equities traded mostly slightly higher and ended with modest gains.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Initial Claims

5/21

268K

275K

278K

Durable Orders

Apr

3.4%

0.6%

1.9%

Durable Orders ex-trans.

Apr

0.4%

0.5%

0.1%

Pending Home Sales

Apr

5.1%

0.6%

1.6%

 

Tomorrow brings GDP and Michigan Sentiment.

 

The Markets:

 

Precious Metals Charts Intraday

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

 

Oil ended slightly lower on mixed news about recent supply disruptions.

 

The U.S. dollar index fell on uncertain economic data that sent treasuries higher.

 

The Dow, Nasdaq, and S&P held near unchanged on offsetting retail reports.

 

Among the big names making news in the market today were Costco, Dollar-Store, and Snapchat.

 

GATA Posts:

 

Gold Anti-Trust Action Committee Logo

 

Miner sees silver price surging ninefold as global gadgets boom

Citigroup to pay $425 million to end CFTC benchmark probes

 

The Statistics:

As of close of business: 5/25/2016

Gold Warehouse Stocks:

8,236,460.621

+199,512.22

Silver Warehouse Stocks:

153,647,998.513

-10,042.68

 

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$34,170m

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$5,427m

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$5,997m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$438m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

35.36

1,136,896

US$1,417m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 198.89: -0.54 change from yesterday’s data.

 

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

 

The Miners:

 

International Tower Hill’s (THM) AGM results, Eldorado’s (EGO) election of directors, and Santacruz Silver’s (SCZ.V) first quarter results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Alexco

AXU +3.67% $1.13

2.  Almaden

AAU +2.88% $1.07

3.  Gold Standard

GSV +2.33% $1.65

 

LOSERS

1.  Avino

ASM -6.12% $1.38

2.  MAG Silver

MVG-3.06% $12.35

3.  Freeport

FCX -2.58% $11.34

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 26th, 2016
Source: Gold-Seeker.com







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