Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 1% and 2% on the Week
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 11 17 2017
By: Ira Epstein

Next-Generation Crazy: The Fed Plans For The Coming Recession
By: John Rubino

COT Gold, Silver and US Dollar Index Report - November 17, 2017
By: GoldSeek.com

Gold Miners’ Q3’17 Fundamentals
By: Adam Hamilton, CPA

Bonfire of the Absurdities
By: John Mauldin

The Social Security Inflation Lag Calendar - Partial Indexing Part 1
By: Daniel R. Amerman, CFA

Rob From The Middle Class Economics
By: Gary Christenson

GoldSeek Radio Nugget: John Williams and Chris Waltzek
By: radio.GoldSeek.com

The Metals Market Is A Mess And Will Likely Continue To Frustrate You
By: Avi Gilburt

 
Search

GoldSeek Web

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

 -- Published: Tuesday, 7 June 2016 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1243.90

-$1.30

Silver

$16.40

-$0.07

XAU

88.63

-1.41%

HUI

224.26

-1.28%

GDM

699.37

-0.97%

JSE Gold

2147.33

+44.64

USD

93.89

-0.10

Euro

113.56

-0.02

Yen

93.14

+0.18

Oil

$50.36

+$0.67

10-Year

1.713%

-0.010

T-Bond

167.84375

+0.3125

Dow

17938.28

+0.10%

Nasdaq

4961.75

+0.14%

S&P

2112.13

+0.13%

 
 

 

The Metals:

 

Gold fell $9.26 to $1235.94 at about 8:30AM EST before it rallied back higher into the close, but it still ended with a loss of 0.1%.  Silver slipped to as low as $16.245 and ended with a loss of 0.43%.

 

Euro gold fell to about €1095, platinum gained $4 to $997, and copper fell 6 cents to about $2.06.

 

Gold and silver equities fell about 1% by midday and remained near that level for the rest of the day.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Productivity

Q1

-0.6%

-0.6%

-1.0%

Unit Labor Costs

Q1

4.5%

4.0%

4.1%

Consumer Credit

Apr

$13.4B

$18.5B

$28.4B

 

Tomorrow brings the MBA Mortgage Index and JOLTS - Job Openings.

 

The Markets:

 

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

 

Oil rose ahead of tomorrow’s inventory data.

 

The U.S. dollar index fell and treasuries rose while the Dow, Nasdaq, and S&P traded mixed on uncertainty over whether or not the fed will raise interest rates anytime soon.

 

Among the big names making news in the market today were Airbus, Ralph Lauren, and Valeant.

 

GATA Posts:

 

 

China paused monthly gold purchases in May after prices surged

 

The Statistics:

As of close of business: 6/6/2016

Gold Warehouse Stocks:

8,666,231.817

+11,091.75

Silver Warehouse Stocks:

153,164,407.807

-9,890.02

 

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

881.145

28,329,699

US$35,155m

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$5,516m

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$6,096m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$447m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

35.36

1,136,896

US$1,417m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 196.90: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,491.18: No change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Avino

ASM +6.29% $1.69

2.  Pretivm

PVG +1.93% $8.45

3.  Almaden

AAU +1.79% $1.14

 

LOSERS

1.  Primero

PPP -7.50% $1.85

2.  Alexco

AXU -6.30% $1.19

3.  Gold Standard

GSV -4.39% $1.64

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 2016

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: Tuesday, 7 June 2016 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.