Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Closing Report: Gold and Silver Gain About 1%
By: Chris Mullen, Gold Seeker Report

Northern Vertex Files Preliminary Economic Assessment Report for the Moss Gold Mine in NW Arizona
By: Northern Vertex Mining Corp.

Does The CoT Structure Prohibit A Rally?
By: Craig Hemke

Harry Dent’s Gold Prediction Invalidated
By: Przemyslaw Radomski, CFA

SELLING OUT OF PRECIOUS METALS AND BUYING BITCOIN…. Very Bad Idea
By: Steve St. Angelo

The Bitcoin Bubble Explained in 4 Charts
By: Jake Weber

VXX Sends an Awesome Message from Another Galaxy
By: Rick Ackerman

Geopolitical Risk Highest “In Four Decades” – Gold Demand in Germany and Globally to Remain Robust
By: GoldCore

Asian Metals Market Update: November-22-2017
By: Chintan Karnani, Insignia Consultants

Gold Seeker Closing Report: Gold and Silver Gain With Stocks
By: Chris Mullen, Gold Seeker Report

 
Search

GoldSeek Web

 
Gold Seeker Closing Report: Gold and Silver End Mixed While Dollar Drops
By: Chris Mullen, Gold-Seeker.com

 -- Published: Monday, 8 June 2015 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1174.00

+$3.10

Silver

$16.02

-$0.08

XAU

68.12

+0.61%

HUI

160.53

+0.62%

GDM

526.89

+0.85%

JSE Gold

1016.06

-26.04

USD

95.22

-1.11

Euro

112.88

+1.88

Yen

80.36

+0.69

Oil

$58.14

-$0.99

10-Year

2.381%

-0.021

Bond

151.3125

+0.0625

Dow

17766.55

-0.46%

Nasdaq

5021.62

-0.92%

S&P

2079.28

-0.65%

 
 

The Metals:

 

Gold climbed $6.47 to $1177.37 in early Asian trade before it fell back to $1170.23 at about 11AM EST, but it then bounced back higher in the last five hours of trade and ended with a gain of 0.26%.  Silver rose to $16.155 in Asia, but it then drifted back lower in morning New York trade and ended with a loss of 0.5%.

 

Euro gold fell to about €1040, platinum gained $7 to $1100, and copper remained at about $2.70.

 

Gold and silver equities fell about 1% by midmorning, but they then rallied back higher in late morning and late afternoon trade and ended with almost 1% gains.

 

The Economy:

 

There were no major economic reports today.  Tomorrow brings Wholesale Inventories for April expected at 0.2%.

 

The Markets:

 

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

 

Oil fell almost 2% on worries about poor economic data out of China.

 

The U.S. dollar fell markedly on reports (later denied) that Obama said the strong dollar was "a problem."

 

Treasuries found slight gains as the Dow, Nasdaq, and S&P dropped on continued concerns about interest rates.

 

Among the big names making news in the market today were Deutsche Bank, Citigroup, Iron Mountain, Tesla, and Apple.

 

GATA Posts:

 

 

NYPost: Justice Department probes banks for rigging Treasuries market

Did Obama tell G-7 strong dollar is a problem?

 

The Statistics:

Activity from: 6/5/2015

Gold Warehouse Stocks:

7,885,001.658

+92.90

Silver Warehouse Stocks:

178,874,995.073

+235,635.87

 

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

708.698

22,785,357

US$26,709m

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$5,208m

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$5,749m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$421m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

28.37

912,170

US$1,070m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.193 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 167.01: +0.30 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,940.95: No change from yesterday’s data.

 

The Miners:

 

Banro’s (BAA) Mineral Resource and Mineral Reserve estimates and Agnico Eagle’s (AEM) plan of arrangement with Soltoro were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  DRDGOLD

DRD +7.45% $1.73

2.  Sandstorm

SAND +5.71% $3.33

3.  Primero

PPP +5.57% $4.17

 

LOSERS

1.  Avino

ASM -3.39% $1.14

2.  Freeport

FCX -1.27% $19.40

3.  Turquoise

TRQ -1.14% $4.33

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 2015

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: Monday, 8 June 2015 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.