-- Published: Tuesday, 14 June 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1285.30 | +$1.40 |
Silver | $17.38 | -$0.04 |
XAU | 88.51 | -2.29% |
HUI | 224.81 | -2.07% |
GDM | 703.90 | -1.82% |
JSE Gold | 2191.97 | -10.61 |
USD | 94.93 | +0.59 |
Euro | 112.08 | -0.85 |
Yen | 94.22 | +0.01 |
Oil | $48.49 | -$0.39 |
10-Year | 1.611% | -0.005 |
T-Bond | 170.15625 | -0.0625 |
Dow | 17674.82 | -0.33% |
Nasdaq | 4843.55 | -0.10% |
S&P | 2075.32 | -0.18% |
The Metals:
Gold edged down to $1277.17 in Asia before it rallied up to $1289.83 by a little after 9AM EST and then chopped back down to $1280.47 by early afternoon in New York, but it then bounced back higher into the close and ended with a gain of 0.11%. Silver fell to $17.229 before it rose to as high as $17.482 in early New York trade, but it still ended with a loss of 0.23%.
Euro gold rose above €1147, platinum lost $14 to $973, and copper fell slightly to about $2.05.
Gold and silver equities fell about 2% by midday and remained near that level into the close.
The Economy:
Report | For | Reading | Expected | Previous |
Export Prices ex-ag. | May | 1.0% | - | 0.4% |
Export Prices | May | 1.1% | - | 0.5% |
Import Prices | May | 1.4% | - | 0.7% |
Import Prices ex-oil | May | 0.3% | - | 0.1% |
Retail Sales | May | 0.5% | 0.3% | 1.3% |
Retail Sales ex-auto | May | 0.4% | 0.4% | 0.8% |
Business Inventories | Apr | 0.1% | 0.2% | 0.3% |
Tomorrow brings PPI, Empire Manufacturing, Capacity Utilization, Industrial Production, a FOMC Rate Decision, and Net Long-Term TIC Flows.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell almost 1% as the U.S. dollar index rose versus the pound on growing concern that Britain will leave the European Union.
Treasuries held near unchanged as the Dow, Nasdaq, and S&P traded mostly slightly lower on worries about Europe.
Among the big names making news in the market today were MetLife, Valeant, and Neiman Marcus.
GATA Posts:
Fake gold and silver coins 'flooding' market
Why the euro is a long way from challenging the dollar's dominance
The Statistics:
As of close of business: 6/13/2016
Gold Warehouse Stocks: | 8,804,052.180 | +20,452.687 |
Silver Warehouse Stocks: | 151,056,441.648 | +12,266.229 |
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 | 896.295 | 28,816,773 | US$37,086m |
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$5,694m |
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$6,291m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$460m |
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 2.377 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 196.90: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,587.29: No change from yesterday’s data.
The Miners:
Gold Fields’ (GFI) board appointment, Primero’s (PPP) acquired concession, and Hecla’s (HL) CFO appointment were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Vista Gold | VGZ +13.98% $1.10 |
2. Paramount | PZG +0.63% $1.60 |
3. Silver Standard | SSRI +0.53% $11.45 |
LOSERS
1. Eldorado | EGO -6.52% $4.17 |
2. Buenaventura | BVN-4.09% $10.33 |
3. Hecla | HL -4.00% $4.32 |
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: Tuesday, 14 June 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Near Unchanged Before Fed Day
