• Gold: 1,255.13 -0.67
  • Silver: 15.97 -0.07
  • Euro: 1.175 -0.001
  • USDX: 93.932 0.443
  • Oil: 57.26 0.11

June 6: Gold and Silver Gain With Bonds and Oil

Chris Mullen
|
Tuesday, June 6th

Please Note: There will not be any Gold Seeker reports for the next week or two.

 

Close

Gain/Loss

Gold

$1293.80

+$14.20

Silver

$17.69

+$0.12

XAU

87.39

+5.13%

HUI

204.55

+6.07%

GDM

661.77

+4.62%

JSE Gold

1410.81

+91.44

USD

96.54

-0.27

Euro

112.79

+0.21

Yen

91.37

+0.87

Oil

$48.19

+$0.79

10-Year

2.143%

-0.037

T-Bond

156.375

+0.71875

Dow

21136.23

-0.23%

Nasdaq

6275.06

-0.33%

S&P

2429.33

-0.28%

 
http://goldseek.com/news/2017/6-6-2017%202-05-50%20PM.jpg

The Metals:

 

Gold climbed higher throughout most of world trade and ended near its late morning New York high of $1295.90 with a gain of 1.11%. Silver rose to as high as $17.741 and ended with a gain of 0.68%.

 

Euro gold rose to about €1147, platinum gained $6.50 to $957.50, and copper dropped a penny to about $2.55.

 

Gold and silver equities gained roughly 5% by midafternoon and remained near that level for the rest of the day.

The Economy:

 

Report

For

Reading

Expected

Previous

JOLTS - Job Openings

April

6.044M

5.725M

5.785M

 

Home prices pick up steam as spring selling season heats up, CoreLogic says MarketWatch

China Ready to Buy More Treasuries as Yuan Stabilizes Bloomberg

Trump's America Is Facing a $13 Trillion Consumer Debt Hangover Bloomberg

 

Tomorrow brings MBA Mortgage Applications and Consumer Credit.

 

The Markets:

 

 

Oil jumped higher in late trade and ended almost 2% higher ahead of tomorrow’s inventory data.

 

The U.S. dollar index fell and treasuries rose on geopolitical concerns and uncertainty about Thursday’s ECB meeting, fired FBI Director James Comey’s testimony on Capitol Hill, and Britain’s upcoming election.

 

The Dow, Nasdaq, and S&P traded mostly lower on uneasiness over near-term events.

 

Among the big names making news in the market today were Macy’s, Michaels Companies, Apple, Valeant, Amazon, RBS, and Toshiba.

 

GATA Posts:

 

 

China's gold imports seen jumping 50% as haven demand booms

 

The Statistics:

As of close of business: 6/5/2017

Gold Warehouse Stocks:

8,854,476.009

-

Silver Warehouse Stocks:

204,541,815.854

+909,225.46

 

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

851.003

27,360,594

US$35,377m

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$5,748m

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$6,353m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$463m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

34.33

1,103,760

US$1,383m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 205.00: +0.66 change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 10,562.91: -38.26 change from yesterday’s data.

 

The Miners:

 

WINNERS

1. IAMGOLD

IAG +12.2% $5.06

2. Gold Standard

GSV +11.63% $1.92

3. B2Gold

BTG +10.59% $2.82

LOSERS

1. Northern Dynasty

NAK -6.15% $1.68

2. Silvercorp

SVM -4.92% $3.09

3. Taseko

TGB -2.40% $1.22

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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