-- Published: Friday, 31 July 2015 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1095.20 | +$7.10 | -0.32% |
Silver | $14.71 | -$0.03 | +0.14% |
XAU | 47.56 | +1.97% | -1.96% |
HUI | 111.73 | +3.05% | -2.75% |
GDM | 380.57 | +1.89% | -1.60% |
JSE Gold | 796.93 | -11.51 | -1.62% |
USD | 97.24 | -0.22 | -0.01% |
Euro | 109.81 | +0.48 | +0.06% |
Yen | 80.68 | +0.14 | -0.15% |
Oil | $47.12 | -$1.40 | -2.12% |
10-Year | 2.205% | -0.063 | -2.91% |
Bond | 156.40625 | +1.25 | +1.09% |
Dow | 17690.46 | -0.31% | +0.69% |
Nasdaq | 5128.28 | -0.01% | +0.78% |
S&P | 2103.92 | -0.22% | +1.17% |
The Metals:
Gold drifted down to $1080.02 in London before it shot up to $1100.65 at about 9:30AM EST and then edged back lower at times, but it still ended with a gain of 0.65%. Silver rose to as high as $14.99 before it also fell back off and ended with a loss of 0.2%.
Euro gold rose to about €997, platinum lost $1 to $980, and copper fell a few cents to about $2.35.
Gold and silver equities rose roughly 2% at the open and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Employment Cost Index | Q2 | 0.2% | 0.6% | 0.7% |
Chicago PMI | July | 54.7 | 50.5 | 49.4 |
Michigan Sentiment | July | 93.1 | 94.0 | 93.3 |
All of this week’s other economic reports:
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell almost 3% on steady OPEC output and a rising rig count in the US.
The U.S. dollar index dropped and treasuries jumped higher on mostly weak economic data that sent the Dow, Nasdaq, and S&P lower.
Among the big names making news in the market Friday were Samsung, Tesco, Exxon, and Berry Plastics.
GATA Posts:
Ted Butler: Price takers and price makers
The Statistics:
Activity from: 7/30/2015
Gold Warehouse Stocks: | 7,572,284.933 | -270,299.421 |
Silver Warehouse Stocks: | 175,670,770.518 | -607,137.359 |
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$24,010m |
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$4,866m |
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$5,381m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$393m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 26.57 | 854,170 | US$938m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 162.92: -0.63 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,165.53: No change from yesterday’s data.
The Miners:
Entree Gold’s (EGI) second quarter results, Buenaventura’s (BVN) second quarter results, Antofagasta’s joint venture with Barrick (ABX), Pretivm’s (PVG) Environmental Assessment Decision Statement, and Lake Shore’s (LSG) arrangement agreement with Temex Resources Corp. were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Eldorado | EGO +10.61% $3.44 |
2. Gold Fields | GFI +6.15% $2.76 |
3. DRDGOLD | DRD +5.83% $1.27 |
LOSERS
1. Nevsun | NSU -6.71% $3.20 |
2. Buenaventura | BVN -3.39% $7.12 |
3. Gold Resource | GORO-0.90%$2.21 |
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
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
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.
| Digg This Article
-- Published: Friday, 31 July 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver End Near Unchanged on the Week
