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Gold Seeker Closing Report: Gold Gains and Silver Surges
By: Chris Mullen, Gold-Seeker.com

 -- Published: Thursday, 9 July 2015 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1161.40

+$2.60

Silver

$15.46

+$0.32

XAU

59.69

-0.43%

HUI

143.11

-0.67%

GDM

467.75

+0.07%

JSE Gold

978.48

-28.00

USD

96.53

+0.29

Euro

110.25

-0.51

Yen

82.44

-0.41

Oil

$52.78

+$1.13

10-Year

2.301%

+0.095

Bond

151.50

-2.625

Dow

17548.62

+0.19%

Nasdaq

4922.39

+0.26%

S&P

2051.31

+0.23%

 
 

 

The Metals:

 

Gold jumped up to $1166.43 by a little after 2AM EST and climbed $8.33 to $1167.13 in early New York trade before it fell back off into midday, but it still ended with a gain of 0.22%.  Silver rose to as high as $15.563 and ended with a gain of 2.11%.

 

Euro gold rose to about €1053, platinum lost $6 to $1023, and copper climbed 8 cents to about $2.56.       

 

Gold and silver equities waffled near unchanged and ended mixed.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Initial Claims

7/04

297K

276K

282K

 

Tomorrow brings Wholesale Inventories.

 

The Markets:

 

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

 

Oil climbed over 2% higher on easing worries about China.

 

The U.S. dollar rose as the euro fell on continued uncertainty about Greece.

 

Treasuries remained lower after today’s 30-year note auction sold at yield of 3.084% with a bid to cover of 2.23.

 

The Dow, Nasdaq, and S&P saw notable gains at the open before they fell back off for most of the rest of the day, but they still ended modestly higher.

 

Among the big names making news in the market today were P&G, PepsiCo, Boeing, and TPG.

 

GATA Posts:

 

 

Roberts and Kranzler: Are big banks using derivatives to suppress bullion prices?

 

The Statistics:

Activity from: 7/8/2015

Gold Warehouse Stocks:

7,980,912.600

+1,579.83

Silver Warehouse Stocks:

180,879,841.073

-92,527.15

 

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

709.369

22,806,915

US$26,550m

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$5,164m

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$5,711m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$416m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

27.05

869,705

US$1,013m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 0.281 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 167.40: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,156.60: +41.59 change from yesterday’s data.

 

The Miners:

 

Comstock’s (LODE) operating plan, Kirkland’s (KGI.TO) fourth quarter results, Great Panther’s (GPL) Mineral Resource Estimate update, Tahoe’s (TAHO) dividend, Avino’s (ASM) concentrates prepayment agreement, and Endeavour Silver’s (EXK) production results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Avino

ASM +4.95% $1.06

2.  Silver Standard

SSRI +4.51% $6.02

3.  Paramount

PZG +2.65% $1.55

 

LOSERS

1.  DRDGOLD

DRD -4.52% $1.69

2.  Coeur

CDE -3.62% $5.06

3.  Primero

PPP -3.39% $3.70

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: Thursday, 9 July 2015 | E-Mail  | Print  | Source: GoldSeek.com

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