-- Published: Friday, 18 July 2014 | Print | Disqus
Gold fell $14.99 to $1304.61 in early New York trade before it bounced back higher in afternoon trade, but it still ended with a loss of 0.69%. Silver slipped to as low as $20.733 and ended with a loss of 1.37%.
Euro gold fell to about €9696, platinum lost $39 to $1458, and copper fell a few cents to about $3.19.
Gold and silver equities fell over 1% at the open and remained near that level for most of the day, but they then edged back higher into the close and ended with only modest losses.
All of this week’s other economic reports:
NAHB Housing Market Index - July
53 v. 49
Next week’s economic highlights include CPI, the FHFA Housing Price Index, and Existing Home Sales on Tuesday, Initial Jobless Claims and New Home Sales on Thursday, and Durable Goods Orders on Friday.
Charts Courtesy of http://finance.yahoo.com/
Oil saw slight losses and the U.S. dollar index found modest gains as the yen fell with treasuries on easing geopolitical concerns.
The Dow, Nasdaq, and S&P rose on positive earnings reports.
Among the big names making news in the market Friday were AbbVie and Shire, GE, Facebook, Google, and IBM.
“Gold Continuing to Closely Track the TIPS spread
Here is an updated chart. Note how the pair is moving almost exactly in unison. As inflation expectations subside, gold prices move lower. As they increase, gold prices move higher.
Incidentally, for those tracking the Euro currency, it bounced off of support near that stubborn 1.35 level once again. I find that most remarkable given the more hawkish tone of the Fed of late in regards to interest rates and the continued lackluster performance of the overall Eurozone economy.”- Dan Norcini, More at http://www.traderdannorcini.blogspot.com/
Dallas radio program interviews GATA Chairman Murphy
Activity from: 7/17/2014
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: SPDR subtracted 2.694 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 165.06: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,038.52: No change from yesterday’s data.
RVM +6.06% $1.05
2. Golden Minerals
AUMN +1.53% $1.33
HMY +1.23% $3.28
1. Great Panther
GPL -4.62% $1.24
2. Tanzanian Royalty
TRX -4.27% $2.24
MUX -3.97% $2.90
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
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
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.
| Digg This Article
-- Published: Friday, 18 July 2014 | E-Mail | Print | Source: GoldSeek.com