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Gold Seeker Closing Report: Gold and Silver End Near Unchanged Before Fed Day
By: Chris Mullen, Gold-Seeker.com

 -- 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%

 
 
http://goldseek.com/news/GoldSeeker/2016/6-14gsr/1.jpg

 

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:

 

http://goldseek.com/news/GoldSeeker/2016/6-14gsr/1.png

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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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.


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 -- Published: Tuesday, 14 June 2016 | E-Mail  | Print  | Source: GoldSeek.com

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