• Gold: 1,256.80 6.70
  • Silver: 16.73 0.15
  • Euro: 1.117 0.002
  • USDX: 97.409 -0.101
  • Oil: 42.82 0.04

May 19: Gold and Silver Gain Over 2% on the Week

Chris Mullen
|
Friday, May 19th
 

Close

Gain/Loss

On Week

Gold

$1255.00

+$6.10

+2.21%

Silver

$16.84

+$0.23

+2.43%

XAU

85.16

+1.09%

+0.22%

HUI

197.11

+1.16%

-0.03%

GDM

637.78

+0.69%

+0.75%

JSE Gold

1455.02

+2.46

+2.06%

USD

97.12

-0.68

-2.10%

Euro

112.05

+0.94

+2.52%

Yen

89.90

+0.13

+1.84%

Oil

$50.33

+$0.98

+5.20%

10-Year

2.233%

+0.005

-4.12%

Bond

154.03125

+0.21875

+1.65%

Dow

20804.84

+0.69%

-0.44%

Nasdaq

6083.70

+0.47%

-0.61%

S&P

2381.73

+0.68%

-0.38%

 
 
http://goldseek.com/news/2017/5-19gsr.jpg

The Metals:

 

Gold gained $7.00 to $1255.90 by a little after 9AM EST before it chopped back towards $1250 into midday, but it then rose to a new session high of $1256.40 in afternoon trade and ended with a gain of 0.49%. Silver climbed to as high as $16.876 and ended with a gain of 1.38%.

 

Euro gold fell to about €1120, platinum gained $8 to $938, and copper climbed 5 cents to about $2.58.

 

Gold and silver equities rose roughly 1% about an hour into trade and remained near that level for the rest of the day.

The Economy:

 

Fed's Williams: Main risks to the US economy are outside of US forexlive

St. Louis Fed's Bullard says expected rate hikes 'too aggressive' Reuters

 

All of this week’s other economic reports:

 

Leading Indicators - April

0.3% v. 0.3%

Philadelphia Fed - May

38.8 v. 2.0

Initial Claims - 5/13

232K v. 236K

Industrial Production - April

1.0% v. 0.4%

Capacity Utilization - April

76.7% v. 76.1%

Building Permits - April

1.229M v. 1.26M

Housing Starts - April

1.172M v. 1.203M

Treasury International Capital - March

$59.8B v. $53.4B

NAHB Housing Market Index - May

70 v. 68

Empire Manufacturing - May

-1.0 v. 5.2

 

Next week’s economic highlights include New Home Sales on Tuesday, the FHFA Housing Price Index and Existing Home Sales on Wednesday, Initial Jobless Claims on Thursday, and Durable Goods Orders, GDP, and Michigan Sentiment on Friday.

 

The Markets:

 

Oil gained almost 2% “on growing expectations that OPEC and other producing countries will agree at a meeting next week to extend crude output cuts.”

 

The U.S. dollar index fell markedly on political uncertainty.

 

Treasuries edged lower as the Dow, Nasdaq, and S&P rose on relief over oil’s renewed strength.

 

Among the big names making news in the market Friday were Uber, Deere, Foot Locker, Dynegy, Victoria’s Secret, and J.C. Penney.

 

GATA Posts:

 

 

Silver is gold cartel's 'kryptonite,' GATA chairman tells Daily Coin

 

The Statistics:

Activity from: 5/18/2017

Gold Warehouse Stocks:

8,762,195.982

-

Silver Warehouse Stocks:

201,314,031.727

+558,721.772

 

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

850.707

27,351,092

US$34,237m

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$5,564m

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$6,150m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$450m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

36.11

1,161,080

US$1,452m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.184 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 202.82: +0.53 change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 10,693.85: +44.15 change from yesterday’s data.

 

The Miners:

 

Barrick’s (ABX) Responsibility Report, Silver Wheaton’s (SLW) name change, and Coeur’s (CDE) cash tender offer were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1. Turquoise

TRQ +7.81% $2.76

2. Nevsun

NSU +5.51% $2.49

3. Tahoe Resources

TAHO +4.30% $9.47

LOSERS

1. Avino

ASM -2.52% $1.55

2. DRDGOLD

DRD -2.43% $3.61

3. Richmont

RIC -1.99% $7.40

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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