-- Published: Thursday, 30 July 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1088.10 | -$9.10 |
Silver | $14.74 | -$0.08 |
XAU | 46.64 | -3.58% |
HUI | 108.42 | -4.17% |
GDM | 373.62 | -2.96% |
JSE Gold | 808.44 | +1.50 |
USD | 97.46 | +0.30 |
Euro | 109.32 | -0.53 |
Yen | 80.56 | -0.12 |
Oil | $48.52 | -$0.27 |
10-Year | 2.268% | -0.011 |
Bond | 155.1875 | +0.8125 |
Dow | 17745.98 | -0.03% |
Nasdaq | 5128.78 | +0.33% |
S&P | 2108.63 | +0.00% |
The Metals:
Gold fell $14.55 to $1082.65 in Asia before it bounced back to $1094.88 in late morning New York trade, but it then fell back off again into the close and ended with a loss of 0.83%. Silver slipped to as low as $14.638 and ended with a loss of 0.54%.
Euro gold fell to about €995, platinum lost $1 to $981, and copper fell a few cents to about $2.38.
Gold and silver equities fell as much as 4% in the first half hour of trade before they bounced back higher into midday, but they then fell back off again in early afternoon trade and ended near their early session lows.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 7/25 | 267K | 272K | 255K |
GDP | Q2 | 2.3% | 2.5% | 0.6% |
Chain Deflator | Q2 | 2.0% | 1.5% | 0.1% |
U.S. economy didn't grow as fast as we were told from 2012 to 2014 MarketWatch
Tomorrow brings the Employment Cost Index, Chicago PMI, and Michigan Sentiment.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ended lower in mixed trade as the U.S. dollar rose after today’s economic data did not derail the fed’s path towards raising interest rates.
Treasuries saw decent gains as the Dow, Nasdaq, and S&P traded mostly lower on mixed earnings reports.
Among the big names making news in the market today were Cigna, Facebook, ConocoPhillips, T-Mobile, and Deutsche Bank.
GATA Posts:
As gold price falls, miners pick derivatives to protect income
The Statistics:
Activity from: 7/29/2015
Gold Warehouse Stocks: | 7,842,584.354 | -98.37 |
Silver Warehouse Stocks: | 176,277,907.877 | -131,756.31 |
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$23,772m |
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$4,850m |
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$391m |
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:
Gold Resource’s (GORO) drill results, Goldcorp’s (GG) second quarter gold production, Lake Shore’s (LSG) first half and second quarter operating results, Timmins Gold’s (TGD) second quarter results, and OceanaGold’s (OGC.TO) agreement to acquire Romarco (R.TO) were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Richmont | RIC +1.96% $2.60 |
2. Endeavour Silver | EXK +1.50% $1.35 |
3. IAMGOLD | IAG +1.39% $1.46 |
LOSERS
1. Seabridge | SA -8.92% $3.88 |
2. Agnico-Eagle | AEM -7.45% $21.63 |
3. NovaGold | NG -7.21% $2.96 |
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: Thursday, 30 July 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall With Oil
