-- Published: Friday, 11 July 2014 | Print | Disqus
Gold edged up to $1339.08 at about 8:20AM EST before it chopped back down to $1334.03 in the next 70 minutes of trade, but it then bounced back higher in afternoon trade and ended with a gain of 0.14%. Silver slipped back to $21.364 before it also rallied back higher in late trade and ended with a gain of 0.23%.
Euro gold rose to about €983, platinum lost $1 to $1508, and copper remained at about $3.27.
Gold and silver equities rose over 1% in the first fifteen minutes of trade before they fell back towards unchanged by midmorning, but they then rallied back higher in afternoon trade and ended with over 2% gains.
All of this week’s other economic reports:
Next week’s economic highlights include Retail Sales, Empire Manufacturing, Import and Export Prices, and Business Inventories on Tuesday, PPI, Net Long-Term TIC Flows, Industrial Production, Capacity Utilization, the NAHB Housing Market Index, and the fed’s Beige Book on Wednesday, Initial Jobless Claims, Housing Starts, Building Permits, and the Philadelphia Fed on Thursday, and Michigan Sentiment and Leading Economic Indicators on Friday.
Charts Courtesy of http://finance.yahoo.com/
Oil fell on steady production and supply in the face of geopolitical unrest.
The U.S. dollar index rose along with the yen again on continued worries about Portugal’s banking sector that sent treasuries higher.
The Dow, Nasdaq, and S&P waffled near unchanged in mixed trade.
Among the big names making news in the market Friday were GM, Chrysler, Wells Fargo, Reynolds American, Cynk, Bitcoin, Nissan, Amazon, Fannie Mae, Freddie mac, and JPMorgan.
CME, Thomson Reuters win competition to replace century-old silver benchmark
The critical questions Kitco never put to Doug Casey about gold price suppression
Are the Fed's 12 regional banks government agencies?
Gene Arensberg: Big new silver shorts have been misidentified, squeeze is likely
Activity from: 7/10/2014
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) AND Mexico Stock Exchange (BMV)
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: Change in Total Tonnes from yesterday’s data: SPDE subtracted 0.237 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 164.28: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,038.52: No change from yesterday’s data.
1. Golden Minerals
AUMN +8.33% $1.30
RBY +8.33% $1.56
3. Lake Shore
LSG +7.21% $1.19
1. Mines Management
MGN -0.95% $1.04
FNV -0.33% $58.19
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: Friday, 11 July 2014 | E-Mail | Print | Source: GoldSeek.com