-- Published: Tuesday, 14 July 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1155.20 | -$2.70 |
Silver | $15.38 | -$0.12 |
XAU | 59.00 | -0.81% |
HUI | 140.62 | -0.38% |
GDM | 461.95 | -0.32% |
JSE Gold | 983.57 | +11.80 |
USD | 96.67 | -0.14 |
Euro | 110.04 | -0.03 |
Yen | 81.06 | +0.07 |
Oil | $53.04 | +$0.84 |
10-Year | 2.399% | -0.031 |
Bond | 149.3125 | +0.15625 |
Dow | 18053.58 | +0.42% |
Nasdaq | 5104.89 | +0.66% |
S&P | 2108.95 | +0.45% |
The Metals:
Gold dipped $4.87 to $1153.03 in London before it bounced back to $1159.63 at about 9:20AM EST and then drifted back lower again, but it ended with a loss of just 0.23%. Silver slipped to as low as $15.282 and ended with a loss of 0.77%.
Euro gold fell to about €1050, platinum lost $10 to $1021, and copper remained at about $2.55.
Gold and silver equities traded mixed and ended with modest losses.
The Economy:
Report | For | Reading | Expected | Previous |
Retail Sales | June | -0.3% | 0.3% | 1.0% |
Retail Sales ex-auto | June | -0.1% | 0.5% | 1.1% |
Export Prices | June | -0.2% | - | 0.6% |
Export Prices ex-ag. | June | -0.1% | - | 0.7% |
Import Prices | June | -0.1% | - | 1.2% |
Import Prices ex-oil | June | -0.2% | - | 0.0% |
Business Inventories | May | 0.3% | 0.2% | 0.4% |
U.S. small business confidence tumbles to one-year low Reuters
Tomorrow brings PPI, Empire Manufacturing, Industrial Production, Capacity Utilization, and the Fed's Beige Book.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ended 1.6% higher in mixed trade as market participants digested Iran’s nuclear deal and what it may mean for sanctions currently placed on Iranian crude exports.
The U.S. dollar traded mostly slightly lower and treasuries saw modest gains on disappointing retail sales data.
The Dow, Nasdaq, and S&P rose on thoughts that the fed may need to push back raising interest rates until later in the year.
Among the big names making news in the market today were Johnson & Johnson, JPMorgan, Wells Fargo, and Fastenal.
GATA Posts:
MineWeb's Lawrence Williams: GATA's evidence of gold-price suppression is 'conclusive'
The Statistics:
Activity from: 7/13/2015
Gold Warehouse Stocks: | 7,843,299.130 | -132.17 |
Silver Warehouse Stocks: | 179,322,961.190 | -1,420,253.27 |
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 | 709.071 | 22,797,327 | US$26,381m |
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$5,132m |
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$5,673m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$414m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 27.05 | 869,657 | US$1,007m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 1.491 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 167.76: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,189.28: +32.68 change from yesterday’s data.
The Miners:
Entree’s (EGI) Board appointment, Freeport’s (FCX) organizational changes, Jaguar’s (JAG) gold production and financing update, Lake Shore’s (LSG) preliminary cash operating cost, and Great Panther’s (GPL) record production results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Avino | ASM +7.55% $1.14 |
2. Richmont | RIC +4.56% $3.21 |
3. AngloGold | AU +1.97% $8.27 |
LOSERS
1. Primero | PPP -7.69% $3.48 |
2. Gold Resource | GORO-6.39% $2.49 |
3. Hecla | HL -4.14% $2.55 |
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, 14 July 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Lower Again
