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

 -- Published: Wednesday, 10 June 2015 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1186.20

+$9.70

Silver

$16.03

+$0.05

XAU

68.47

+1.36%

HUI

160.67

+0.95%

GDM

526.49

+1.01%

JSE Gold

1081.39

+3.57

USD

94.55

-0.62

Euro

113.27

+0.45

Yen

81.54

+1.10

Oil

$61.43

+$1.29

10-Year

2.478%

+0.061

Bond

149.46875

-1.1875

Dow

18000.40

+1.33%

Nasdaq

5076.68

+1.25%

S&P

2105.20

+1.20%

 
 

 

The Metals:

 

Gold climbed $15.71 to $1192.21 by about 8:30AM EST before it fell back off in the next four hours of trade, but it still ended with a gain of 0.82%.  Silver rose to as high as $16.237 and ended with a gain of 0.31%.

 

Euro gold rose above €1047, platinum gained $8 to $1112, and copper climbed a few cents to about $2.75.

 

Gold and silver equities rose over 1.5% at the open before they drifted back lower at times, but they still ended with about 1% gains.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Treasury Budget

May

-$82.4B

-$85.0B

-$130.0B

 

U.S. services data suggest upward revision to first-quarter GDP Reuters

Weekly mortgage applications jump as rates surge CNBC

 

Tomorrow brings Initial Jobless Claims, Retail Sales, Import and Export Prices, and Business Inventories.

 

The Markets:

 

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

 

Oil remained higher after the Energy Information Administration reported that crude inventories fell 6.8 million barrels, gasoline inventories fell 2.9 million barrels, and distillates rose 900,000 barrels.

 

The U.S. dollar dropped again as the yen climbed higher after “Japan's chief central banker said the yen was "very weak" and unlikely to fall further.”

 

Treasuries fell as the Dow, Nasdaq, and S&P rose over 1% on hopes for a deal for Greece.

 

Among the big names making news in the market today were Facebook, AMS, BlackRock, and Samsung.

 

GATA Posts:

 

 

Kranzler concurs with Goodman on Fed's rescue of Comex gold contract

 

The Statistics:

Activity from: 6/9/2015

Gold Warehouse Stocks:

7,891,114.892

-12,099.523

Silver Warehouse Stocks:

179,100,542.598

+371,211.655

 

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

705.716

22,689,469

US$26,952m

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$5,274m

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$5,830m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$426m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

28.37

912,150

US$1,084m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 2.982 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 167.01: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,082.12: +35.66 change from yesterday’s data.

 

The Miners:

 

Newmont’s (NEM) sale of common stock was the only big story in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Paramount

PZG +8.11% $1.60

2.  Lake Shore

LSG +5.00% $1.05

3.  MAG Silver

MVG +4.81% $7.41

 

LOSERS

1.  Avino

ASM -5.17% $1.10

2.  Newmont

NEM -2.91% $23.70

3.  DRDGOLD

DRD -2.31% $1.69

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 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.

 


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 -- Published: Wednesday, 10 June 2015 | E-Mail  | Print  | Source: GoldSeek.com

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