-- Published: Wednesday, 22 July 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1093.90 | -$6.30 |
Silver | $14.80 | -$0.01 |
XAU | 49.64 | -0.72% |
HUI | 115.79 | -0.29% |
GDM | 389.12 | -0.56% |
JSE Gold | 862.83 | -6.97 |
USD | 97.52 | +0.17 |
Euro | 109.18 | -0.20 |
Yen | 80.64 | -0.08 |
Oil | $49.19 | -$1.67 |
10-Year | 2.322% | -0.018 |
Bond | 153.0625 | +0.75 |
Dow | 17851.04 | -0.38% |
Nasdaq | 5171.76 | -0.70% |
S&P | 2114.15 | -0.24% |
The Metals:
Gold fell $12.05 to $1088.15 by a little after 10AM EST before it bounced back higher into midday, but it still ended with a loss of 0.57%. Silver slipped to as low as $14.646 and ended with a loss of 0.07%.
Euro gold fell to about €1002, platinum edged up to $976, and copper fell 5 cents to about $2.43.
Gold and silver equities fell over 3% at the open before they rose to see slight gains about an hour and a half into trade, but they then edged back lower in early afternoon trade and ended with modest losses.
The Economy:
Report | For | Reading | Expected | Previous |
FHFA Housing Price Index | May | 0.4% | - | 0.4% |
Existing Home Sales | June | 5.49M | 5.40M | 5.32M |
NRF lowers 2015 retail sales forecast citing slow first half Reuters
U.S. mortgage applications rise in latest week: MBA Reuters
Tomorrow brings Initial Jobless Claims and Leading Economic Indicators.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil remained lower after the Energy Information Administration reported that crude inventories rose 2.5 million barrels, gasoline inventories fell 1.7 million barrels, and distillates rose 200,000 barrels.
The U.S. dollar rose on better than expected housing data.
Treasuries saw decent gains as the Dow, Nasdaq, and S&P fell on poor earnings reports.
Among the big names making news in the market today were Interpublic, Home Depot, Apple, St. Jude, Coke, and Boeing.
GATA Posts:
Seth Lipsky in The Wall Street Journal: Fifty years of debasing money
Bron Suchecki: What's the spin on the gold smash?
Gold's plunge sparks retail demand in China, India
The Statistics:
Activity from: 7/21/2015
Gold Warehouse Stocks: | 7,795,091.837 | -257.20 |
Silver Warehouse Stocks: | 177,899,578.784 | -631,074.271 |
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 | 689.693 | 22,174,330 | US$24,132m |
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$4,858m |
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$5,361m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$392m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 27.05 | 869,629 | US$985m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 4.77 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 167.76: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,227.90: No change from yesterday’s data.
The Miners:
Newmont’s (NEM) dividend and Excellon’s (EXN.TO) second quarter production results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Paramount | PZG +3.33% $1.24 |
2. Gold Fields | GFI +2.43% $2.95 |
3. Hecla | HL +2.26% $2.26 |
LOSERS
1. Seabridge | SA -8.37% $3.72 |
2. DRDGOLD | DRD -6.80% $1.37 |
3. IAMGOLD | IAG -5.93% $1.27 |
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, 22 July 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Lower
