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Gold Seeker Closing Report: Gold and Silver Gain With Bonds and Oil
By: Chris Mullen, Gold-Seeker.com

 -- Published: Monday, 21 July 2014 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1312.90

+$2.40

Silver

$20.94

+$0.09

XAU

101.92

-0.05%

HUI

242.30

-0.10%

GDM

741.50

-0.10%

JSE Gold

1560.46

+26.12

USD

80.56

+0.02

Euro

135.23

UNCH

Yen

98.64

-0.03

Oil

$104.59

+$1.46

10-Year

2.474%

-0.010

Bond

138.40625

+0.34375

Dow

17051.73

-0.28%

Nasdaq

4424.70

-0.17%

S&P

1973.63

-0.23%

 
 

 

The Metals:

 

Gold edged down to $1307.96 in early Asian trade before it jumped up to $1318.17 at about 8AM EST and then fell back to $1310.44 by late morning in New York, but it then bounced back higher in afternoon trade and ended with a gain of 0.18%.  Silver rose to as high as $21.105 and ended with a gain of 0.43%.

 

Euro gold rose to about €970, platinum gained $27 to $1485, and copper climbed a penny to about $3.20.

 

Gold and silver equities fell over 1% by midday, but they then edged back higher in the last couple of hours of trade and ended with only modest losses.

 

The Economy:

 

There were no major economic reports today.  Tomorrow brings CPI, the FHFA Housing Price Index, and Existing Home Sales.

 

The Markets:

 

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

 

Oil rose, the U.S. dollar index saw modest gains, and treasuries traded notably higher as the Dow, Nasdaq, and S&P fell on geopolitical concerns, but stocks did erase most of their significant early losses by the close.

 

Among the big names making news in the market today were CBS outdoor and Van Wagner, Tiffany, Barclays, Samsung, Yum, McDonalds, Halliburton, and Severstal.

 

GATA Posts:

 

 

Koos Jansen: Chinese wholesale gold demand year to date is nearly 1,000 tonnes

UK's Serious Fraud Office to launch criminal probe into forex rigging

GATA needs help, so please consider buying a T-shirt

Gene Arensberg: Futures trading positions hint at strong rises for gold, silver

 

The Statistics:

Activity from: 7/18/2014

Gold Warehouse Stocks:

8,486,920.367

-128.60

Silver Warehouse Stocks:

175,647,891.310

+1,287,368.11

 

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

805.136

25,885,930

US$33,829m

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$5,825m

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$471m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

41.89

1,346,913

US$1,752m

Note: Change in Total Tonnes from yesterday’s data: SPDR added 1.796 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.

 

The Miners:

 

Pretivm’s (PVG) preliminary prospectus supplement, Randgold’s (GOLD) progress towards its production target, Midway’s (MDW) closed finance facility, Sandstorm’s (SAND) amended revolving credit agreement, Northern Dynasty’s (NAK) response to an EPA proposal, Pan American’s (PAAS) settled strike, MAG Silver’s (MVG) assay results, and Coeur’s (CDE) updated mine plan were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Endeavour Silver

EXK +3.54% $6.15

2.  Great Panther

GPL +3.23% $1.28

3.  Tanzanian Royalty

TRX +3.12% $2.31

 

LOSERS

1.  SilverCrest

SVLC -4.11% $2.09

2.  Pretivm

PVG -3.97% $7.89

3.  Comstock

LODE -3.05% $1.59

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: Monday, 21 July 2014 | E-Mail  | Print  | Source: GoldSeek.com

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