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Closing Report|May 11th: Gold and Silver Gain Almost 1% and 2%








Chris Mullen | Wednesday May 11th

 

Close

Gain/Loss

Gold

$1277.70

+$11.30

Silver

$17.39

+$0.29

XAU

88.24

+3.11%

HUI

224.50

+2.48%

GDM

694.03

+2.73%

JSE Gold

2149.81

+125.05

USD

93.85

-0.43

Euro

114.22

+0.47

Yen

92.19

+0.67

Oil

$46.23

+$1.57

10-Year

1.737%

-0.023

T-Bond

166.28125

+0.71875

Dow

17711.12

-1.21%

Nasdaq

4760.68

-1.02%

S&P

2064.46

-0.96%

 
 
Precious Metals Quote Intraday

 

The Metals:

 

Gold gained $12.52 to $1278.92 by a little after 8AM EST before it pared its gains into midday, but it then bounced back higher in afternoon trade and ended with a gain of 0.89%.  Silver rose to as high as $17.562 and ended with a gain of 1.66%.

 

Euro gold rose to about €1119, platinum gained $12 to $1061, and copper climbed slightly to about $2.11.

 

Gold and silver equities jumped over 4% higher at the open before they fell to see slight losses in late morning trade, but they then climbed back higher into the close and ended with about 3% gains on the day.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Treasury Budget

Apr

$106.5B

-

$156.7B

 

Tomorrow brings Initial Jobless Claims and Export and Import Prices.

 

The Markets:

 

Markets Quotes Intraday

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

 

Oil gained 3.5% after the Energy Information Administration reported that crude inventories fell 3.4 million barrels, gasoline inventories fell 1.2 million barrels, and distillates fell 1.6 million barrels.

 

The U.S. dollar index fell and treasuries rose as the Dow, Nasdaq, and S&P dropped about 1% on poor earnings reports.

 

Among the big names making news in the market today were Gap, Staples, Office Depot, Disney, Macy’s, Boeing, and Apple.

 

The Statistics:

As of close of business: 5/10/2016

Gold Warehouse Stocks:

7,463,221.920

+48,402.50

Silver Warehouse Stocks:

153,025,845.440

+171,364.823

 

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® Gold Shares

839.246

26,982,596

US$34,449m

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$5,658m

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$6,254m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$458m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

34.72

1,116,345

US$1,401m

Note: Change in Total Tonnes from yesterday’s data: SPDR added 2.377 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 197.78: +0.60 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,421.95: -32.55 change from yesterday’s data.

 

The Miners:

 

Goldcorp’s (GG) Dividend Reinvestment Plan update, SEMAFO’s (SMF.TO) first quarter results, Great Panther’s (GPL) option agreement, and Excellon’s (EXN.TO) annual meeting results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Almaden

AAU +8.18% $1.19

2.  Great Panther

GPL +7.56% $1.85

3.  Freeport

FCX +6.91% $11.61

 

LOSERS

1.  Kinross

KGC -4.89% $5.25

2.  Endeavour Silver

EXK -0.54% $3.70

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 11th, 2016
Source: Gold-Seeker.com







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