May 25: Gold and Silver End Slightly Lower on the Week
Please Note: US markets are closed on Monday in observance of Memorial Day.
Gold saw slight losses in Asia, but it then chopped its way back higher in London and New York and ended with a gain of 0.85%. Silver surged to as high as $28.593 and ended with a gain of 0.67%.
Euro gold rose to about €1257, platinum gained $12.25. to $1426.75, and copper gained a couple of cents to about $3.45.
Gold and silver equities traded mostly slightly higher and ended with modest gains.
All of this week’s other economic reports:
Durable Orders - April
Durable Orders -ex Trans. - April
New Home Sales - April
Existing Home Sales - April
Next week’s economic highlights include the Case-Shiller 20-city Index and Consumer Confidence on Tuesday, Pending Home Sales on Wednesday, ADP Employment, Initial Jobless Claims, GDP, and Chicago PMI on Thursday, and May’s jobs data, Personal Income and Spending, Core PCE Prices, the ISM Index, and Construction Spending on Friday.
Charts Courtesy of http://finance.yahoo.com/
Oil edged higher on decent economic data.
The U.S. dollar index and treasuries rose on continued worries about Europe that sent the Dow, Nasdaq, and S&P lower.
Among the big names making news in the market Friday were JPMorgan, Morgan Stanley, and Lehman Brothers.
Activity from: 5/24/2012
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
New York Stock Exchange Arca (NYSE Arca) AND Singapore Exchange (SGX) AND Tokyo Stock Exchange (TSE) AND Hong Kong Stock Exchange (HKEx)
SPDR® Gold Shares
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Johannesburg Securities Exchange (JSE)
New Gold Debentures
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 176.80: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,664.30: +25.09 change from yesterday’s data.
Extorre’s (XG) shareholder rights plan, Brigus Gold’s (BRD) power outage, Allied Nevada’s ANV) closed senior notes offering, and Lake Shore’s (LSG) suspended mine operations were among the big stories in the gold and silver mining industry making headlines Friday.
XG +17.54% $3.35
THM +9.91% $3.55
IVN -4.24% $9.26
AAU -1.95% $2.01
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
Please see Yahoo’s Mining/Metals News Wire for all of today’s mining news.
- Chris Mullen, Gold Seeker Report
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