-- Posted Tuesday, 16 July 2013 | | Disqus
| Close | Gain/Loss |
Gold | $1292.40 | +$7.40 |
Silver | $20.02 | +$0.06 |
XAU | 93.99 | +5.03% |
HUI | 236.93 | +5.58% |
GDM | 706.68 | +5.43% |
JSE Gold | 1177.26 | -4.82 |
USD | 82.45 | -0.58 |
Euro | 131.63 | +1.04 |
Yen | 100.90 | +0.77 |
Oil | $106.00 | -$0.32 |
10-Year | 2.532% | -0.024 |
T-Bond | 135.00 | +0.40625 |
Dow | 15451.85 | -0.21% |
Nasdaq | 3598.50 | -0.25% |
S&P | 1676.26 | -0.37% |
The Metals:
Gold fell $6.75 to $1278.25 in Asia before it climbed to as high as $1295.40 in New York and then fell back off a bit midday, but it still ended with a gain of 0.58%. Silver surged to as high as $20.056 and ended with a gain of 0.3%.
Euro gold fell under €982, platinum gained $0.50 to $1420.00, and copper climbed a few cents to about $3.18.
Gold and silver equities rose over 5% in the last minutes of trade and ended near their highs of the day.
The Economy:
Report | For | Reading | Expected | Previous |
CPI | June | 0.5% | 0.3% | 0.1% |
Core CPI | June | 0.2% | 0.2% | 0.2% |
Net Long-Term TIC Flows | May | -$27.2B | - | -$37.3B |
Industrial Production | June | 0.3% | 0.3% | 0.0% |
Capacity Utilization | June | 77.8% | 77.7% | 77.7% |
NAHB Housing Market Index | July | 57 | 51 | 52 |
Tomorrow brings Bernanke testimony, Housing Starts, Building Permits, and the fed’s Beige Book. Bernanke testifies before the House Financial Services committee at 10AM EST. His remarks will be released at 8:30. He’ll appear before the Senate Banking committee on Thursday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell slightly ahead of tomorrow’s inventory report.
Treasuries rose as the U.S. dollar index dropped along with the Dow, Nasdaq, and S&P on worries about what Bernanke will say tomorrow.
Among the big names making news in the market today were Dell, Baidu, Charles Schwab, J&J, Coca-Cola, Bally Technologies, and Goldman Sachs.
GATA Posts:
William Engdahl: Only Fed could have prompted gold's plunge in April
Grant Williams ties pounding of gold to shortage triggered by Venezuela, Germany
Gold rigging can't be discussed but short squeeze is here, Naylor-Leyland says
The Statistics:
As of close of business: 7/15/2013
Gold Warehouse Stocks: | 7,111,823.701 | +1,999.945 |
Silver Warehouse Stocks: | 167,038,982.439 | +1,194,076.809 |
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 | 939.075 | 30,192,195 | US$38,983m |
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$5,726m |
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$8,004m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$463m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 42.54 | 1,367,788 | US$1,757m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 179.00: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,185.00: No change from yesterday’s data.
The Miners:
Paramount’s (PZG) drill results, Eldorado’s (EGO) update, Sandstorm’s (SAND) development update, Coeur’s (CDE) second quarter production results, and Excellon’s (EXN.TO) second quarter production and exploration results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Pretivm | PVG +10.51% $7.99 |
2. Allied Nevada | ANV +9.09% $6.24 |
3. Paramount | PZG +8.59% $1.39 |
LOSERS
1. Sandstorm | SAND -1.75% $6.17 |
2. Endeavour Silver | EXK -0.55% $3.60 |
3. Northern Dynasty | NAK -0.42% $2.35 |
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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© Gold Seeker 2013
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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.
-- Posted Tuesday, 16 July 2013 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain While Dow and Dollar Drop
