• Gold: 1,280.40 -5.02
  • Silver: 16.98 -0.06
  • Euro: 1.176 -0.000
  • USDX: 93.615 0.129
  • Oil: 52.42 0.46

Gold Seeker Closing Report: Gold and Silver Gain With Euro

Chris Mullen
|
Tuesday, May 16th
 

Close

Gain/Loss

Gold

$1236.50

+$5.70

Silver

$16.82

+$0.19

XAU

85.78

+0.73%

HUI

197.73

+0.39%

GDM

638.52

+0.72%

JSE Gold

1403.19

-7.36

USD

98.18

-0.74

Euro

110.89

+1.14

Yen

88.47

+0.59

Oil

$48.66

-$0.19

10-Year

2.326%

-0.012

T-Bond

151.62625

+0.375

Dow

20979.75

-0.01%

Nasdaq

6169.87

+0.33%

S&P

2400.67

-0.07%

 
http://goldseek.com/news/2017/5-16gsr.jpg
 

The Metals:

 

Gold climbed to as high as $1239.00 in midafternoon New York trade before it dipped back lower into the close, but it still ended with a gain of 0.46%. Silver rose to as high as $16.85 and ended with a gain of 1.14%.

 

Euro gold fell to about €1116 platinum gained $10 to $938, and copper climbed a penny to about $2.55.

 

Gold and silver equities rose almost 1% by midmorning and remained near that level for the rest of the day.

The Economy:

 

Report

For

Reading

Expected

Previous

Housing Starts

April

1.172M

1.256M

1.203M

Building Permits

April

1.229M

1.271M

1.26M

Industrial Production

April

1.0%

0.4%

0.4%

Capacity Utilization

April

76.7%

76.3%

76.1%

 

U.S. mortgages in foreclosure hit decade-low in first quarter: MBA Reuters

 

Tomorrow brings MBA Mortgage Applications.

 

The Markets:

 

Oil erased early gains and ended slightly lower ahead of tomorrow’s supply data.

 

The U.S. dollar index fell and treasuries edged higher after this morning’s mixed economic data held the Dow, Nasdaq, and S&P near unchanged.

 

Among the big names making news in the market today were Tata Steel, Yahoo, Rue21, Walgreens-Rite Aid, and Ford.

 

GATA Posts:

 

 

Zimbabwe contemplates restoring its own currency with gold backing

India is working with World Gold Council to create a spot exchange

Off-exchange settlement of gold futures hints at short squeeze, Turk tells KWN

FT worries about a bubble in ... bitcoin

 

The Statistics:

As of close of business: 5/15/2017

Gold Warehouse Stocks:

8,762,195.982

-9,998.95

Silver Warehouse Stocks:

200,051,528.295

+1,025,196.50

 

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

851.891

27,389,151

US$33,798m

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$5,496m

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$6,070m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$444m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

36.11

1,161,080

US$1,452m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 201.69: No change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 10,605.55: No change from yesterday’s data.

 

The Miners:

 

Pretivm’s (PVG) first quarter results and Alexco’s (AXU) bought deal financing were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. Turquoise

TRQ +6.44% $2.81

2. Americas Silver

USAS +4.26% $2.94

3. IAMGOLD

IAG +2.80% $4.40

LOSERS

1. Almaden

AAU -2.21% $1.33

2. Paramount

PZG -1.83% $1.60

3. Harmony

HMY -1.74% $2.26

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

- Chris Mullen, Gold Seeker Report

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© Gold Seeker 2017

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Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.

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