-- Published: Wednesday, 2 July 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1326.90 | +$0.10 |
Silver | $21.16 | +$0.11 |
XAU | 101.55 | +1.40% |
HUI | 241.84 | +1.29% |
GDM | 735.92 | +1.07% |
JSE Gold | 1517.21 | +11.06 |
USD | 79.95 | +0.14 |
Euro | 136.55 | -0.25 |
Yen | 98.25 | -0.24 |
Oil | $104.48 | -$0.86 |
10-Year | 2.628% | +0.065 |
Bond | 135.34375 | -1.00 |
Dow | 16976.24 | +0.12% |
Nasdaq | 4457.73 | -0.02% |
S&P | 1974.62 | +0.07% |
The Metals:
Gold edged up to $1328.90 at about 8AM EST before it plummeted down to $1321.67 after this morning’s ADP Employment data was released, but it then rose to a new session high of $1330.68 in the next two and a half hours of trade and ended with a gain of 0.01%. Silver climbed to as high as $21.288 and ended with a gain of 0.52%.
Euro gold rose to about €972, platinum lost $1 to $1504, and copper climbed 6 cents to about $3.25.
Gold and silver equities rose about 1.5% by late morning and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
ADP Employment | June | 281K | 200K | 179K |
Factory Orders | May | -0.5% | -0.4% | 0.8% |
Yellen: Seeing pockets of increased risk-taking CNBC
Tomorrow brings June’s jobs data, Initial Jobless Claims, the Trade Balance, and ISM Services.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil remained lower after the Energy Information Administration reported that crude inventories fell 3.2 million barrels, gasoline inventories fell 1.2 million barrels, and distillates rose 1.0 million barrels.
The U.S. dollar index rose on better than expected ADP jobs data that sent treasuries lower and the Dow, Nasdaq, and S&P higher, but stock gains were limited ahead of tomorrow’s government jobs report.
Among the big names making news in the market today were Bitcoin, Kroger and Vitacost, Twitter, JPMorgan, and American Apparel.
GATA Posts:
Koos Jansen: Dutch bank ABN AMRO didn't default on its gold obligations
The Statistics:
Activity from: 7/1/2014
Gold Warehouse Stocks: | 8,298,082.714 | -466.73 |
Silver Warehouse Stocks: | 176,229,415.201 | -4,911.60 |
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 | 796.392 | 25,604,803 | US$33,950m |
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$5,901m |
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$477m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 42.14 | 1,354,816 | US$1,797m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 164.76: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,042.47: No change from yesterday’s data.
The Miners:
Pretivm’s (PVG) Environmental Assessment Certificate application, Comstock’s (LODE) zoning changes, Timmins Gold’s (TGD) settlement with its largest shareholder, and Great Panther’s (GPL) update to its Mineral Resources were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Avino | ASM +9.42% $2.44 |
2. Rio Alto | RIOM +4.50% $2.32 |
3. SilverCrest | SVLC +3.92% $2.12 |
LOSERS
1. Timmins | TGD -4.44% $1.71 |
2. Richmont | RIC -1.41% $1.40 |
3. Tanzanian Royalty | TRX -1.39% $2.13 |
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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-- Published: Wednesday, 2 July 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Higher Before Jobs Day
