-- Published: Tuesday, 22 July 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1306.50 | -$6.40 |
Silver | $20.94 | UNCH |
XAU | 100.78 | -1.11% |
HUI | 241.72 | -1.03% |
GDM | 740.75 | -0.84% |
JSE Gold | 1549.18 | -11.28 |
USD | 80.77 | +0.21 |
Euro | 134.69 | -0.55 |
Yen | 98.59 | -0.05 |
Oil | $104.42 | -$0.17 |
10-Year | 2.466% | -0.008 |
Bond | 138.5625 | +0.125 |
Dow | 17113.54 | +0.36% |
Nasdaq | 4456.01 | +0.71% |
S&P | 1983.53 | +0.50% |
The Metals:
Gold fell $10.81 to $1302.09 at about 8:20AM EST before it jumped up to $1315.45 in the next 20 minutes of trade, but it then fell back off again in midmorning trade and ended with a loss of 0.49%. Silver slipped to as low as $20.743 before it climbed to $21.058 and then also fell back off, but it still ended at unchanged on the day.
Euro gold remained at about €970, platinum lost $3 to $1482, and copper climbed a penny to about $3.21.
Gold and silver equities fell over 1% in the first half hour of trade and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
CPI | June | 0.3% | 0.3% | 0.4% |
Core CPI | June | 0.1% | 0.2% | 0.3% |
FHFA Housing Price Index | May | 0.4% | - | 0.1% |
Existing Home Sales | June | 5.04M | 5.00M | 4.91M |
There are no major economic reports due out tomorrow.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell as the U.S. dollar index rose on steady economic data.
Treasuries saw slight gains on geopolitical worries.
The Dow, Nasdaq, and S&P rose on mostly better than expected earnings results.
Among the big names making news in the market today were Credit Suisse, McDonald’s, CIT, Coca-Cola, and State Street.
GATA Posts:
Jeremy Warner: Have central banks been breaking the law?
Petropavlovsk's Hambro 'horrified' by gold market rigging; he should buy a GATA T-shirt
New gold miner ETF avoids primary investment in Barrick
Liam Halligan: The dollar's 70-year dominance is coming to an end
The Statistics:
Activity from: 7/21/2014
Gold Warehouse Stocks: | 8,486,920.367 | - |
Silver Warehouse Stocks: | 176,562,490.480 | +914,599.17 |
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 | 803.340 | 25,828,190 | 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$5,798m |
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$469m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 41.89 | 1,346,839 | US$1,766m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 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) priced offering, Seabridge’s (SA) closed financing, Comstock’s (LODE) second quarter results, and Hecla’s (HL) new Vice President of Technology & Innovation were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Solitario | XPL +6.02% $1.41 |
2. Freeport | FCX +0.47% $38.72 |
3. Avino | ASM +0.44% $2.27 |
LOSERS
1. Pretivm | PVG -7.35% $7.31 |
2. Golden Minerals | AUMN-6.57% $1.28 |
3. Tanzanian Royalty | TRX -6.49% $2.16 |
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: Tuesday, 22 July 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Falls While Silver Holds Firm
