• Gold: 1,291.43 -0.47
  • Silver: 16.54 -0.00
  • Euro: 1.178 -0.000
  • USDX: 93.587 0.05
  • Oil: 72.03 -0.54

May 15: Gold and Silver Fall Roughly 1.5%

Chris Mullen
|
Tuesday, May 15th

 

Close

Gain/Loss

Gold

$1292.50

-$21.00

Silver

$16.28

-$0.24

XAU

81.77

-2.04%

HUI

177.97

-2.18%

GDM

623.33

-2.21%

JSE Gold

1041.21

-25.23

USD

93.24

+0.62

Euro

118.46

-0.92

Yen

90.78

-0.50

Oil

$71.31

+$0.35

10-Year

3.072%

+0.079

T-Bond

141.28125

-1.46875

Dow

24706.41

-0.78%

Nasdaq

7351.63

-0.81%

S&P

2711.45

-0.68%

 
http://www.goldseek.com/news/2018/2018-05-15_14-02-05.jpg

 

The Metals:

 

Gold fell $24.80 to $1288.70 by midafternoon in New York before it bounced back higher into the close, but it still ended with a loss of 1.6%. Silver slipped to as low as $16.204 and ended with a loss of 1.45%.

 

Euro gold fell to about €1091, platinum lost $10 to $898, and copper dropped 3 cents to about $3.05.

 

Gold and silver equities fell over 2% at the open and remained near that level for the rest of the day.

 

The Economy:

 

U.S. consumer spending picking up, gasoline prices a threat  Reuters

US business inventories for March comes in at 0.0% vs 0.1% expected  forexlive

Home-builder confidence climbs in May  MarketWatch

Empire State index climbs in May, still below 2017 peak  MarketWatch

U.S. retail sales increase moderately in April  Reuters

 

Tomorrow brings Housing Starts and Industrial Production.

 

The Markets:

 

Oil rose 0.5% on continued concerns about unrest in the Middle East.

 

The U.S. dollar index found notable gains as treasuries fell along with the Dow, Nasdaq, and S&P after this morning’s batch of economic data renewed inflation concerns.

 

Among the big names making news in the market today were Tyson Foods, Walmart, Macy’s, and Home Depot.

 

GATA Posts:

 

 

Jim Rickards provides the best summary of gold price manipulation

 

The Statistics:

As of close of business: 5/14/2018

Gold Warehouse Stocks:

9,049,324.348

-198.395

Silver Warehouse Stocks:

267,547,922.686

-973,200.587

 

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

856.167

27,526,637

US$35,641m

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$5,749m

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$6,358m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$464m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.474 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 292.70: +0.36 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,940.41: -26.36 change from yesterday’s data.

 

The Miners:

 

Seabridge Gold’s (SA) first quarter results, IAMGOLD’s (IAG) filed technical report, and Gold Resource’s (GORO) final permit were among the big stories in the gold and silver mining industry making headlines today.

 

WINNER

1.  Avino

ASM +2.14% $1.43

 

LOSERS

1.  Sibanye

SBGL -7.91% $2.91

2.  Americas Silver

USAS -5.87% $3.53

3.  Alio Gold

ALO -4.69% $1.83

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

 

- Chris Mullen, Gold Seeker Report

 

- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2018

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

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.

No votes yet

Article Comments

Sponsored Links

Live SilverSeek Map