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Gold Seeker Closing Report: Gold and Silver End Slightly Lower Again
By: Chris Mullen, Gold-Seeker.com

 -- 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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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: Tuesday, 14 July 2015 | E-Mail  | Print  | Source: GoldSeek.com

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