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

 -- Published: Monday, 6 July 2015 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1168.90

+$3.30

Silver

$15.69

+$0.04

XAU

63.50

+1.37%

HUI

151.41

+1.69%

GDM

492.64

+1.16%

JSE Gold

1025.43

+19.77

USD

96.26

+0.17

Euro

110.56

-0.29

Yen

81.62

+0.35

Oil

$52.53

-$4.40

10-Year

2.278%

-0.115

Bond

151.625

+2.4375

Dow

17683.58

-0.26%

Nasdaq

4991.94

-0.34%

S&P

2068.76

-0.39%

 
 

 

The Metals:

 

Gold edged down to $1162.89 by a little after 5AM EST before it jumped up to $1174.06 in early afternoon New York trade and then drifted back lower into the close, but it still ended with a gain of 0.28%.  Silver rose to as high as $15.808 and ended with a gain of 0.26%.

 

Euro gold rose to about €1057, platinum lost $21 to $1059, and copper dropped 10 cents to about $2.53.

 

Gold and silver equities chopped higher and ended with over 1% gains.

 

The Economy:

 

Report

For

Reading

Expected

Previous

ISM Services

June

56.0

56.3

55.7

 

Tomorrow brings the Trade Balance and Consumer Credit.

 

The Markets:

 

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

 

Oil fell almost 8% on worries about Greece that sent the euro lower and the U.S. dollar higher.

 

Treasuries saw notable gains as the Dow, Nasdaq, and S&P dropped on uncertainty about Europe.

 

Among the big names making news in the market today were Mylan, American Apparel, Philip Morris, GM, Peugeot, and Renault.

 

GATA Posts:

 

 

Chinese hedge fund Shanghai Chaos closes out copper short

Join GATA as the Silver Summit moves to San Francisco Nov. 23-24

Zero Hedge: Citigroup just cornered the silver market

 

The Statistics:

Activity from: 7/2/2015

Gold Warehouse Stocks:

7,978,966.253

-64,324.833

Silver Warehouse Stocks:

182,808,048.558

-877,036.49

 

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

709.650

22,815,951

US$26,591m

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$5,185m

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$5,727m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$419m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

27.05

869,734

US$1,014m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.789 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 167.40: -0.39 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,115.01: -4.28 change from yesterday’s data.

 

The Miners:

 

Goldcorp’s (GG) dividend, IAMGOLD’s (IAG) clarification, and Silver Standard’s (SSRI) exploration update were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Coeur

CDE +6.02% $5.81

2.  Endeavour Silver

EXK +5.21% $2.02

3.  Agnico Eagle

AEM +4.64% $29.75

 

LOSERS

1.  Gold Resource

GORO-3.36% $2.59

2.  Freeport

FCX -3.04% $17.84

3.  Alamos

AGI -2.99% $5.52

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: Monday, 6 July 2015 | E-Mail  | Print  | Source: GoldSeek.com

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