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Gold Seeker Closing Report: Gold and Silver End Slightly Higher
By: Chris Mullen, Gold-Seeker.com

 -- Published: Tuesday, 4 August 2015 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1088.20

+$1.90

Silver

$14.59

+$0.07

XAU

45.67

+0.31%

HUI

107.31

+0.55%

GDM

368.64

-0.09%

JSE Gold

757.37

-16.78

USD

97.91

+0.43

Euro

108.93

-0.61

Yen

80.47

-0.16

Oil

$45.74

+$0.57

10-Year

2.211%

+0.061

Bond

156.625

-0.96875

Dow

17550.69

-0.27%

Nasdaq

5105.54

-0.19%

S&P

2093.32

-0.22%

 
 

 

The Metals:

 

Gold dipped $5.21 to $1081.09 in Asia before it bounced back to $1094.55 in London and then fell back off in early afternoon New York trade, but it still ended with a gain of 0.17%.  Silver rose to as high as $14.656 and ended with a gain of 0.48%.

 

Euro gold rose to about €999, platinum lost $8 to $952, and copper remained at about $2.35.

 

Gold and silver equities saw slight gains for most of the morning before they fell to see modest losses for most of the afternoon, but they then edged back higher in the last minutes of trade and ended mixed on the day.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Factory Orders

June

1.8%

1.8%

-1.1%

 

Tomorrow brings ADP Employment, the Trade Balance, and ISM Services.

 

The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil rose on optimism about a rebound in Chinese equities.

 

The U.S. dollar jumped higher and treasuries fell in afternoon trade after the Fed's Lockhart said September could be the right time for a rate hike.

 

The Dow, Nasdaq, and S&P waffled near unchanged and ended modestly lower.

 

Among the big names making news in the market today were Toyota, Shire, Credit Agricole, and Team Health and IPC Healthcare.

 

GATA Posts:

 

 

Hugo Salinas Price: Will China play the 'gold card'?

Is there any limit to creation of paper gold on the Comex?

 

The Statistics:

Activity from: 8/3/2015

Gold Warehouse Stocks:

7,570,743.173

-64.30

Silver Warehouse Stocks:

173,954,730.436

-675,606.74

 

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

672.703

21,628,065

US$23,578m

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$4,848m

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$5,362m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$390m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

26.57

854,132

US$932m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 162.92: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,150.68: -14.85 change from yesterday’s data.

 

The Miners:

 

Seabridge Gold’s (SA) removal of selenium, Eurasian’s (EMXX) optioned project, and Penoles’ (PENOLES.MX) second quarter results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Richmont

RIC +8.12% $2.53

2.  New Gold

NGD +4.93% $2.13

3.  NovaGold

NG +3.75% $3.04

 

LOSERS

1.  Seabridge

SA -4.58% $3.75

2.  Yamana

AUY -4.21% $1.82

3.  Fortuna

FSM -2.96% $2.62

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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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.

 


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 -- Published: Tuesday, 4 August 2015 | E-Mail  | Print  | Source: GoldSeek.com

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