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Gold Seeker Closing Report: Gold and Silver End Mixed
By: Chris Mullen, Gold-Seeker.com

 -- Published: Thursday, 26 June 2014 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1316.20

-$3.10

Silver

$21.08

+$0.05

XAU

98.88

+0.84%

HUI

236.20

+0.92%

GDM

717.09

+0.86%

JSE Gold

1445.67

+8.86

USD

80.22

UNCH

Euro

136.09

-0.22

Yen

98.32

+0.11

Oil

$105.84

-$0.66

10-Year

2.525%

-0.034

Bond

137.0625

+0.5625

Dow

16846.13

-0.13%

Nasdaq

4379.04

-0.02%

S&P

1957.22

-0.12%

 
 

 

The Metals:

 

Gold dropped $12.35 to $1306.95 at about 8AM EST before it jumped back to $1318.49 in the next two hours of trade and then chopped back lower, but it ended with a loss of just 0.23%.  Silver slipped to as low as $20.807 before it bounced back to $21.122 and then also fell back off at times, but it still ended with a gain of 0.24%.

 

Euro gold fell to about €967, platinum lost $3 to $1465, and copper remained at about $3.16.

 

Gold and silver equities saw slight losses for most of the morning, but they then climbed back higher in early afternoon trade and ended with almost 1% gains.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Initial Claims

6/21

312K

310K

314K

Personal Income

May

0.4%

0.4%

0.3%

Personal Spending

May

0.2%

0.4%

0.0%

PCE Prices - Core

May

0.2%

0.2%

0.2%

 

Bullard Sees Fed Raising Rates in First Quarter of 2015 Bloomberg

Yellen arrives at a crossroads, and it's decision time MarketWatch

 

Tomorrow at 9:55AM EST brings Michigan Sentiment for June expected at 81.7.

 

The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil fell on the outlook for increasing exports from Iraq.

 

The U.S. dollar index ended unchanged in mixed trade as the yen rose after this morning’s economic data sent treasuries higher.

 

The Dow, Nasdaq, and S&P fell on concerns about lower than expected consumer spending.

 

Among the big names making news in the market today were Ikea, GoPro, Alcoa, Bed Bath & Beyond, BNP Paribas, Barclays, and Mercedes.

 

The Statistics:

Activity from: 6/25/2014

Gold Warehouse Stocks:

8,263,327.245

-128.60

Silver Warehouse Stocks:

176,215,762.431

-2,987.85

 

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

785.016

25,239,040

US$33,094m

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$5,840m

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$472m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

41.68

1,339,954

US$1,709m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 163.62: +0.42 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,148.49: No change from yesterday’s data.

 

The Miners:

 

Newmont’s (NEM) project in Peru, Turquoise Hill’s (TRQ) filed dispute with the Government of Mongolia, and Gold Resource’s (GORO) dividend were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Buenaventura

BVN +6.18% $11.33

2.  Rubicon

RBY +4.26% $1.47

3.  Rio Alto

RIOM +3.21% $2.25

 

LOSERS

1.  Turquoise Hill

TRQ -5.28% $3.23

2.  Tanzanian Royalty

TRX -4.42% $2.16

3.  Golden Minerals

AUMN -3.20% $1.09

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

© Gold Seeker 2014

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.

 


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 -- Published: Thursday, 26 June 2014 | E-Mail  | Print  | Source: GoldSeek.com

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