-- Published: Wednesday, 17 June 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1187.10 | +$5.40 |
Silver | $16.17 | +$0.15 |
XAU | 67.44 | +2.20% |
HUI | 157.98 | +2.39% |
GDM | 519.85 | +2.38% |
JSE Gold | 1008.02 | -14.48 |
USD | 94.25 | -0.74 |
Euro | 113.40 | +0.90 |
Yen | 81.02 | -0.04 |
Oil | $59.92 | -$0.05 |
10-Year | 2.306% | -0.012 |
Bond | 152.5625 | -0.375 |
Dow | 17935.74 | +0.17% |
Nasdaq | 5064.88 | +0.18% |
S&P | 2100.44 | +0.20% |
The Metals:
Gold fell $7.02 to $1174.68 at about 10:45AM EST before it jumped up to as high as $1189.13 after today’s fed statement and then fell back off in the last 40 minutes of trade, but it still ended with a gain of 0.46%. Silver rose to as high as $16.259 and ended with a gain of 0.94%.
Euro gold fell to about €1047, platinum gained $3 to $1080, and copper remained at about $2.62.
Gold and silver equities climbed higher after today’s fed statement and ended with over 2% gains.
The Economy:
Fed holds off on interest rate hike, downgrades economic forecast LA Times
Fed says U.S. economy still strong enough to handle rate hike Reuters
Fed Officials Keep End-2015 Median Fed Funds Forecast at 0.625% Bloomberg
Text of the FOMC decision MarketWatch
Banks' forex lawsuit settlements near $2 billion: WSJ Reuters
U.S. mortgage applications fall as rates hit highest level since October 2014: MBA Reuters
Tomorrow brings Initial Jobless Claims, CPI, the Current Account Balance, the Philadelphia Fed, and Leading Economic Indicators.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil erased early gains after the Energy Information Administration reported that crude inventories fell 2.7 million barrels, gasoline inventories rose 500,000 barrels, and distillates rose 100,000 barrels.
The U.S. dollar fell after the fed did not express urgency to raise interest rates.
Treasuries erased early losses and ended mixed after the fed’s dovish statement.
The Dow, Nasdaq, and S&P traded mixed before the fed and ultimately climbed to find modest gains afterwards.
Among the big names making news in the market today were Google, Permira, Barclays, FedEx, and Wal-Mart.
GATA Posts:
GATA's Ed Steer interviewed at Canadian Investor Conference
The Statistics:
Activity from: 6/16/2015
Gold Warehouse Stocks: | 7,791,154.871 | -63,000.98 |
Silver Warehouse Stocks: | 180,693,983.091 | +517,227.79 |
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 | 701.897 | 22,566,677 | US$26,571m |
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$5,225m |
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$5,775m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$422m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 28.13 | 904,433 | US$1,069m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 167.01: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,198.03: No change from yesterday’s data.
The Miners:
Rubicon’s (RBY) drill results and Silver Bull’s (SVBL) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Rubicon | RBY +6.67% $1.12 |
2. Coeur | CDE +5.70% $5.93 |
3. Kinross | KGC +5.19% $2.43 |
LOSERS
1. Paramount | PZG -1.38% $1.54 |
2. Turquoise | TRQ -1.24% $3.98 |
3. SilverCrest | SVLC -0.95% $1.04 |
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: Wednesday, 17 June 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain After Fed Announcement
