-- Published: Wednesday, 15 July 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1149.30 | -$5.90 |
Silver | $15.11 | -$0.27 |
XAU | 57.34 | -2.81% |
HUI | 137.20 | -2.43% |
GDM | 451.53 | -2.25% |
JSE Gold | 994.25 | +10.68 |
USD | 97.12 | +0.45 |
Euro | 109.49 | -0.62 |
Yen | 80.76 | -0.28 |
Oil | $51.41 | -$1.63 |
10-Year | 2.350% | -0.049 |
Bond | 150.6875 | +1.15625 |
Dow | 18050.17 | -0.02% |
Nasdaq | 5098.94 | -0.12% |
S&P | 2107.40 | -0.07% |
The Metals:
Gold fell $10.11 to $1145.09 by late morning in New York before it bounced back higher in afternoon trade, but it still ended with a loss of 0.51%. Silver slipped to as low as $15.014 and ended with a loss of 1.76%.
Euro gold fell to about €1049, platinum lost $2 to $1019, and copper fell 3 cents to about $2.52.
Gold and silver equities drifted lower for most of the day and ended with almost 3% losses.
The Economy:
Report | For | Reading | Expected | Previous |
PPI | June | 0.4% | 0.3% | 0.5% |
Core PPI | June | 0.3% | 0.1% | 0.1% |
Empire Manufacturing | July | 3.9 | 3.0 | -2.0 |
Industrial Production | June | 0.3% | 0.2% | -0.2% |
Capacity Utilization | June | 78.4% | 78.1% | 78.2% |
Beige Book: Economy expanding at moderate to modest pace CNBC
Yellen says economy on track, defends Fed 'transparency' Reuters
Yellen Says Rate Rise Likely in 2015 as Labor Market Improves Bloomberg
Yellen Testimony to House Financial Services Panel (Full Text) Bloomberg
Tomorrow brings Initial Jobless Claims, the Philadelphia Fed, the NAHB Housing Market Index, and Net Long-Term TIC Flows.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil briefly pared early losses after the Energy Information Administration reported that crude inventories fell 4.3 million barrels, gasoline inventories rose 100,000 barrels, and distillates rose 3.8 million barrels, but it ultimately ended over 3% lower on renewed worries about Greece.
The U.S. dollar rose and treasuries fell after Yellen reiterated that the fed remains on track to raise interest rates this year, but bonds then turned back higher and ended with notable gains after news about protests in Greece hit the wires in the last couple of hours of trade.
The Dow, Nasdaq, and S&P turned modestly lower in afternoon trade on concerns about Greece.
Among the big names making news in the market today were Mead Johnson, Delta, and BofA.
GATA Posts:
Paul Mylchreest: Signs of a trend change in the monetary metals
Bron Suchecki: China to control the gold price, but with physical or paper?
The Statistics:
Activity from: 7/14/2015
Gold Warehouse Stocks: | 7,878,406.542 | +35,107.412 |
Silver Warehouse Stocks: | 179,004,471.220 | -318,489.97 |
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$26,153m |
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$5,087m |
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$5,621m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$412m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 27.05 | 869,648 | US$998m |
Note: No change in Total Tonnes from yesterday’s data.
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: No change from yesterday’s data.
The Miners:
McEwen’s (MUX) record quarterly production, Kirkland’s (KGI.TO) production guidance, Harmony’s (HMY) new business plan with unions, and Fortuna’s (FSM) second quarter production figures were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Sandstorm | SAND +0.33% $3.03 |
2. Pretivm | PVG +0.19% $5.31 |
LOSERS
1. Endeavour Silver | EXK -7.03% $1.72 |
2. NovaGold | NG -6.33% $3.11 |
3. Eldorado | EGO -5.53% $3.59 |
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: Wednesday, 15 July 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Once More
