-- Published: Wednesday, 8 June 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1262.00 | +$18.10 |
Silver | $17.04 | +$0.64 |
XAU | 91.61 | +3.36% |
HUI | 231.38 | +3.30% |
GDM | 717.40 | +2.58% |
JSE Gold | 2219.47 | +72.14 |
USD | 93.60 | -0.29 |
Euro | 113.94 | +0.36 |
Yen | 93.41 | +0.25 |
Oil | $51.23 | +$0.87 |
10-Year | 1.706% | -0.007 |
T-Bond | 168.28125 | +0.375 |
Dow | 18005.05 | +0.37% |
Nasdaq | 4974.64 | +0.26% |
S&P | 2119.12 | +0.33% |
The Metals:
Gold gained $20.19 to $1264.09 at about 10AM EST before it chopped back lower at times, but it still ended with a gain of 1.46%. Silver jumped to as high as $17.088 and ended with a gain of 3.9%.
Euro gold rose to above €1007, platinum gained $10 to $1007, and copper climbed a penny to about $2.07.
Gold and silver equities rose roughly 5% in the first half hour of trade before they drifted back lower into the close, but they still ended about 3% higher on the day.
The Economy:
Report | For | Reading | Expected | Previous |
MBA Mortgage Index | 6/04 | 9.3% | - | -4.1% |
JOLTS - Job Openings | Apr | 5.788M | - | 5.670M |
Tomorrow brings Initial Jobless Claims and Wholesale Inventories.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil remained higher after the Energy Information Administration reported that crude inventories fell 3.2 million barrels, gasoline inventories rose 1 million barrels, and distillates rose 1.8 million barrels.
The U.S. dollar index fell and treasuries rose along with the Dow, Nasdaq, and S&P on doubts that the fed will raise interest rates anytime soon.
Among the big names making news in the market today were Janus, Morgan Stanley, and Target.
GATA Posts:
Commerzbank may hoard billions to avoid ECB charges, Reuters says
UK's Royal Mint will sell pension investors gold they can never see
The Statistics:
As of close of business: 6/07/2016
Gold Warehouse Stocks: | 8,762,934.967 | +96,703.15 |
Silver Warehouse Stocks: | 153,023,339.647 | -141,068.16 |
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$35,777m |
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$5,604m |
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$6,193m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$452m |
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: 10,535.54: +44.36 change from yesterday’s data.
The Miners:
WINNERS
1. Avino | ASM +14.79% $1.94 |
2. Almaden | AAU +12.28% $1.28 |
3. Alexco | AXU +10.08% $1.31 |
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, 8 June 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Gains Almost 1.5% and Silver Surges Nearly 4%
