• Gold: 1,188.76 -5.58
  • Silver: 14.95 -0.12
  • Euro: 1.132 -0.002
  • USDX: 96.821 0.004
  • Oil: 66.79 0.16

May 4: Gold and Silver End Slightly Lower on the Week

Chris Mullen
|
Friday, May 4th

 

Close

Gain/Loss

On Week

Gold

$1314.00

+$2.60

-0.73%

Silver

$16.50

+$0.08

-0.12%

XAU

82.40

+0.03%

-0.64%

HUI

181.39

+0.04%

-0.36%

GDM

632.56

+0.19%

-0.25%

JSE Gold

1115.06

-31.19

+1.77%

USD

92.60

+0.14

+1.19%

Euro

119.57

-0.33

-1.41%

Yen

91.73

+0.17

-0.02%

Oil

$69.72

+$1.29

+2.38%

10-Year

2.945%

-0.001

-0.47%

Bond

143.53125

-0.03125

+0.24%

Dow

24262.51

+1.39%

-0.20%

Nasdaq

7209.62

+1.71%

+1.26%

S&P

2663.42

+1.28%

-0.24%

 
http://www.goldseek.com/news/2018/2018-05-04_14-02-00.jpg

 

The Metals:

 

Gold dipped $2.90 to $1308.50 in Asia before it jumped up to $1315.20 after this morning’s jobs report and then quickly dropped back to $1308.20, but it then rallied back higher into the close and ended with a gain of 0.2%. Silver chopped between $16.342 and $16.504 and ended with a gain of 0.49%.

 

Euro gold rose above €1099, platinum gained $7.50 to $908.50, and copper remained at about $3.08.

 

Gold and silver equities waffled near unchanged and ended slightly higher.

 

The Economy:

 

As Trump's tariffs bite, small U.S. manufacturers begin to tap the brakes  Reuters

U.S. Payrolls Rebound to 164,000 Gain; Jobless Rate Hits 3.9%  Bloomberg

U.S. job growth rebounds; unemployment rate falls to 3.9 percent  Reuters

Unemployment rate falls to 3.9% as U.S. adds 164,000 new jobs  MarketWatch

 

Next week’s economic highlights include Consumer Credit on Monday, JOLTS data on Tuesday, PPI and Wholesale Trade on Wednesday, Initial Jobless Claims, CPI, and the Treasury Budget on Thursday, and Import and Export Prices and Consumer Sentiment on Friday.

 

The Markets:

 

Oil gained nearly 2% on concerns about Iran and Venezuela.

 

The U.S. dollar index edged higher and treasuries held near unchanged after this morning’s jobs data did little to alter expectations about future fed policy.

 

The Dow, Nasdaq, and S&P jumped over 1% higher on goldilocks economic data.

 

Among the big names making news in the market Friday were Apple, CBS and Viacom, Shake Shack, Pandora, and Carbon Black.

 

GATA Posts:

 

 

GATA's Ed Steer to speak at Vancouver conference May 15-16

GATA Chairman Murphy, mining entrepreneur Neumeyer interviewed on manipulation

 

The Statistics:

Activity from: 5/3/2018

Gold Warehouse Stocks:

9,049,523.232

-

Silver Warehouse Stocks:

266,597,995.593

-201,934.53

 

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

865.595

27,829,735

US$36,427m

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$5,821m

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$6,433m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$472m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.179 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 288.97: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,045.85: No change from yesterday’s data.

 

The Miners:

 

Seabridge Gold’s (SA) closed financing and Golden Star’s (GSS) AGM results were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1.  Nevsun

NSU +8.46% $2.95

2.  Eldorado

EGO +4.12% $1.01

3.  Alexco

AXU +2.68% $1.53

 

LOSERS

1.  Endeavour Silver

EXK -2.72% $2.86

2.  Yamana

AUY -2.66% $2.93

3.  Americas Silver

USAS -2.63% $3.61

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

 

- Chris Mullen, Gold Seeker Report

 

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© Gold Seeker 2018

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