-- Published: Wednesday, 29 July 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1097.20 | +$1.60 |
Silver | $14.82 | +$0.14 |
XAU | 48.37 | +1.92% |
HUI | 113.14 | +2.50% |
GDM | 384.82 | +1.71% |
JSE Gold | 806.94 | -25.98 |
USD | 97.16 | +0.49 |
Euro | 109.82 | -0.79 |
Yen | 80.67 | -0.24 |
Oil | $48.79 | +$0.81 |
10-Year | 2.279% | +0.029 |
Bond | 154.34375 | -0.53125 |
Dow | 17751.39 | +0.69% |
Nasdaq | 5111.73 | +0.44% |
S&P | 2108.57 | +0.73% |
The Metals:
Gold edged up to $1099.24 in Asia before it fell back to $1091.49 at about 10AM EST, but it then bounced back higher for most of the rest of trade and ended with a gain of 0.15%. Silver rose to as high as $14.906 and ended with a gain of 0.95%.
Euro gold rose to about €999, platinum remained at $982, and copper stayed at about $2.41.
Gold and silver equities rose about 2% by midday and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Pending Home Sales | June | -1.8% | 1.0% | 0.6% |
Fed sees improving economy, job market; September rate hike in view Reuters
Fed Says Labor Market Improves as It Moves Toward Rate Increase Bloomberg
U.S. mortgage applications edged up last week: MBA Reuters
Tomorrow brings Initial Jobless Claims and GDP.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil turned higher after the Energy Information Administration reported that crude inventories fell 4.2 million barrels, gasoline inventories fell 400,000 barrels, and distillates rose 2.6 million barrels.
The U.S. dollar added to modest gains and treasuries remained lower after today’s fed statement kept the view that an interest rate hike is still likely at some point this year.
The Dow, Nasdaq, and S&P traded mostly higher and ended with decent gains.
Among the big names making news in the market today were GM, MasterCard, VW, and GlaxoSmithKline.
GATA Posts:
Bron Suchecki: Gold market liquidity and manipulation
The Statistics:
Activity from: 7/28/2015
Gold Warehouse Stocks: | 7,842,682.724 | - |
Silver Warehouse Stocks: | 176,409,664.187 | -830,403.76 |
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 | 680.154 | 21,867,644 | US$23,832m |
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$4,869m |
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$5,372m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$394m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 26.57 | 854,207 | US$940m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 163.55: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,165.53: No change from yesterday’s data.
The Miners:
Randgold’s (GOLD) operations in Mali, Comstock’s (LODE) definitive agreement to amend the terms of its joint venture, Golden Star’s (GSS) financing, and Gold Fields’ (GFI) South Deep deposit were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Kinross | KGC +6.55% $1.79 |
2. Silver Standard | SSRI +6.42% $5.80 |
3. New Gold | NGD +5.19% $2.23 |
LOSERS
1. Richmont | RIC -2.30% $2.55 |
2. First Majestic | AG -1.25% $3.15 |
3. Yamana | AUY -1.00% $1.99 |
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, 29 July 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Higher
