• Gold: 1,280.40 -5.02
  • Silver: 16.98 -0.06
  • Euro: 1.176 -0.000
  • USDX: 93.612 0.126
  • Oil: 52.42 0.46

May 10: Gold and Silver End Mixed While Oil Jumps

Chris Mullen
|
Wednesday, May 10th
 

Close

Gain/Loss

Gold

$1219.30

-$0.50

Silver

$16.22

+$0.07

XAU

81.51

+1.64%

HUI

189.86

+1.95%

GDM

608.91

+1.64%

JSE Gold

1366.44

+56.07

USD

99.60

+0.02

Euro

108.66

-0.12

Yen

87.52

-0.32

Oil

$47.33

+$1.45

10-Year

2.409%

+0.015

T-Bond

150.6875

-0.0625

Dow

20943.11

-0.16%

Nasdaq

6129.14

+0.14%

S&P

2399.63

+0.11%

 
 
http://goldseek.com/news/GoldSeeker/2017/5-10gsr/1.jpg

The Metals:

 

Gold chopped up to $1225.60 in London, but it then drifted back lower in New York and ended near its late session low of $1217.60 with a loss of 0.04%. Silver rose to as high as $16.339 and ended with a gain of 0.43%.

 

Euro gold remained at about €1122, platinum gained $8 to $910, and copper remained at about $2.49.

 

Gold and silver equities rose roughly 2% in the first hour of trade and remained near that level for the rest of the day.

The Economy:

 

Report

For

Reading

Expected

Previous

Export Prices

Apr

0.2%

-

0.1%

Export Prices ex-ag.

Apr

0.1%

-

0.1%

Import Prices

Apr

0.5%

-

0.1%

Import Prices ex-oil

Apr

0.3%

-

0.2%

Treasury Budget

Apr

$182.4B

-

-$176.2B

 

Tomorrow brings PPI and Initial Jobless Claims.

 

The Markets:

 

http://goldseek.com/news/GoldSeeker/2017/5-10gsr/1.png

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

 

Oil rose over 3% after the Energy Information Administration reported that crude inventories fell 5.2 million barrels, gasoline inventories fell 200,000 barrels, and distillates fell 1.6 million barrels.

 

The U.S. dollar index and treasuries were little changed while the Dow, Nasdaq, and S&P waffled on mixed earnings reports.

 

Among the big names making news in the market today were Mylan, Wendy’s, Disney, Time, Yelp, and Nvidia.

 

GATA Posts:

 

 

GATA Chairman Murphy discusses increasingly desperate attacks on gold and silver

 

The Statistics:

As of close of business: 5/9/2017

Gold Warehouse Stocks:

8,928,630.798

-97.995

Silver Warehouse Stocks:

198,071,376.871

+136,379.52

 

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$33,492m

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$5,422m

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$5,994m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$438m

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: 10,412.74: No change from yesterday’s data.

 

The Miners:

 

WINNERS

1. IAMGOLD

IAG +9.68% $4.08

2. Avino

ASM +6.16% $1.55

3. First Majestic

AG +5.91% $7.88

LOSERS

1. Northern Dynasty

NAK -1.92% $2.04

2. Gold Standard

GSV -1.29% $1.53

3. Almaden

AAU -0.77% $1.29

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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