-- Published: Tuesday, 7 July 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1155.80 | -$13.10 |
Silver | $15.10 | -$0.59 |
XAU | 60.41 | -4.87% |
HUI | 144.85 | -4.33% |
GDM | 471.81 | -4.28% |
JSE Gold | 1020.52 | -4.91 |
USD | 96.64 | +0.38 |
Euro | 110.14 | -0.43 |
Yen | 81.55 | -0.03 |
Oil | $52.33 | -$0.20 |
10-Year | 2.231% | -0.047 |
Bond | 152.90625 | +0.84375 |
Dow | 17776.91 | +0.53% |
Nasdaq | 4997.45 | +0.11% |
S&P | 2081.34 | +0.61% |
The Metals:
Gold fell $18.72 to $1150.18 at about 10:30AM EST before it bounced back higher at times, but it still ended with a loss of 1.12%. Silver slipped to as low as $14.796 and ended with a loss of 3.76%.
Euro gold fell to about €1049, platinum lost $20 to $1039, and copper dropped another 6 cents to about $2.47.
Gold and silver equities fell over 4% by late morning and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Trade Balance | May | -$41.9B | -$42.5B | -$40.7B |
Tomorrow brings FOMC Minutes and Consumer Credit.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ended slightly lower as the U.S. dollar and treasuries rose on worries about China and Greece.
The Dow, Nasdaq, and S&P ended modestly higher in mixed trade.
Among the big names making news in the market today were Shake Shack, Aetna, Hostess, and Horizon Pharma.
GATA Posts:
Chinese trading suspensions freeze $1.4 trillion of shares amid rout
The Statistics:
Activity from: 7/6/2015
Gold Warehouse Stocks: | 7,979,429.220 | +462.967 |
Silver Warehouse Stocks: | 182,142,553.198 | -665,495.36 |
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$26,368m |
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$5,138m |
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$5,664m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$415m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 27.05 | 869,724 | US$1,006m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 167.40: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,115.01: No change from yesterday’s data.
The Miners:
Comstock’s (LODE) selected unaudited financial results, IAMGOLD’s (IAG) exploration update, Claude’s (CGR) second quarter 2015 gold production, Timmins Gold’s (TGD) drift, Silver Bear’s (SBR.TO) Maiden Mineral Resource Estimate, and Silver Wheaton’s (SLW) business structure were among the big stories in the gold and silver mining industry making headlines today.
No “winners” today.
LOSERS
1. Silver Wheaton | SLW -11.86% $15.46 |
2. Alamos | AGI -10.33% $4.95 |
3. Hecla | HL -8.75% $2.40 |
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, 7 July 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall About 1% and 4%
