-- Published: Friday, 10 June 2016 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1274.40 | +$5.10 | +2.45% |
Silver | $17.30 | UNCH | +5.55% |
XAU | 90.39 | -2.10% | +1.49% |
HUI | 230.91 | -1.81% | +1.90% |
GDM | 718.36 | -1.49% | +3.43% |
JSE Gold | 2297.34 | +72.49 | +8.11% |
USD | 94.59 | +0.53 | +0.65% |
Euro | 112.56 | -0.62 | -0.87% |
Yen | 93.66 | +0.23 | -0.13% |
Oil | $49.07 | -$1.49 | +0.93% |
10-Year | 1.639% | -0.041 | -3.81% |
Bond | 169.8125 | +0.84375 | +1.02% |
Dow | 17865.34 | -0.67% | +0.33% |
Nasdaq | 4894.54 | -1.29% | -0.97% |
S&P | 2096.07 | -0.92% | -0.15% |
The Metals:
Gold edged down to $1264.63 in Asia before it bounced back to $1276.86 at about 10AM EST and then fell back to roughly unchanged in the next 90 minutes of trade, but it then rallied back higher into the close and ended with a gain of 0.4%. Silver traded mixed and ended unchanged on the day.
Euro gold rose above €1132, platinum lost $14.50 to $987.50, and copper fell slightly to about $2.04.
Gold and silver equities rose about 2% in the first half hour of trade, but they then fell to see about 2% losses by midday and remained near the level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Michigan Sentiment | June | 94.3 | 94.0 | 94.7 |
Treasury Budget | May | -$52.5B | - | -$84.1B |
All of this week’s other economic reports:
Next week’s economic highlights include Export and Import Prices, Retail Sales, and Business Inventories on Tuesday, PPI, Empire Manufacturing, Capacity Utilization, Industrial Production, a FOMC Rate Decision, and Net Long-Term TIC Flows on Wednesday, CPI, Initial Jobless Claims, the Philadelphia Fed, the Current Account Balance, and the NAHB Housing Market Index on Thursday, and Building Permits and Housing Starts on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell 3% on news of a second consecutive week of rising rig counts.
The U.S. dollar index rose with treasuries again on worries about the global economy that sent the Dow, Nasdaq, and S&P roughly 1% lower.
Among the big names making news in the market Friday were Intel, Toyota, Viacom, and Gawker.
GATA Posts:
Gold rigging will fail as investors see fraud of 'paper gold,' Grant Williams says
The Statistics:
Activity from: 6/9/2016
Gold Warehouse Stocks: | 8,786,136.010 | +26,448.273 |
Silver Warehouse Stocks: | 150,799,550.057 | -567,175.999 |
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 | 887.383 | 28,530,261 | US$36,387m |
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$5,639m |
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$6,233m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$458m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 34.88 | 1,121,361 | US$1,417m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 6.238 tonnes.
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: No change from yesterday’s data.
The Miners:
Northern Dynasty’s (NAK) closed offerings and Great Panther’s (GPL) results of its Annual General and Special Meeting of Shareholders were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. McEwen | MUX +4.98% $2.95 |
2. Franco Nevada | FNV +0.42% $70.95 |
3. NovaGold | NG +0.32% $6.27 |
LOSERS
1. Almaden | AAU -7.14% $1.17 |
2. Gold Standard | GSV -5.68% $1.66 |
3. Yamana | AUY -5.31% $4.99 |
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: Friday, 10 June 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 2% and 5% on the Week
