-- Published: Friday, 24 June 2016 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1318.90 | +$61.40 | +1.58% |
Silver | $17.72 | +$0.39 | +1.49% |
XAU | 93.70 | +3.62% | +3.72% |
HUI | 237.88 | +5.96% | +4.74% |
GDM | 742.62 | +5.07% | +4.23% |
JSE Gold | 2287.35 | +234.68 | +6.67% |
USD | 95.66 | +2.28 | +1.60% |
Euro | 110.97 | -3.26 | -1.61% |
Yen | 97.69 | +4.06 | +1.75% |
Oil | $47.64 | -$2.47 | -0.71% |
10-Year | 1.579% | -0.160 | -2.41% |
Bond | 170.1875 | +4.09375 | -0.24% |
Dow | 17399.86 | -3.39% | -1.56% |
Nasdaq | 4707.97 | -4.12% | -1.92% |
S&P | 2037.30 | -3.60% | -1.64% |
The Metals:
Gold soared $100.79 to as high as $1358.29 in Asia before it pared back to $1306.59 in London, but it then bounced back higher in New York and ended with a gain of 4.88%. Silver jumped to as high as $18.318 and ended with a gain of 2.25%.
Euro gold jumped to about €1190, platinum gained $20 to $982, and copper fell 5 cents to about $2.11.
Gold and silver equities stabilized at about 5% higher in the first fifteen minutes of trade and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Durable Goods Orders | May | -2.2% | -0.6% | 3.3% |
Durable Goods Orders ex-trans. | May | -0.3% | 0.1% | 0.5% |
Michigan Sentiment | June | 93.5 | 94.0 | 94.3 |
All of this week’s other economic reports:
Next week’s economic highlights include GDP, the Case-Shiller 20-city Index, and Consumer Confidence on Tuesday, Personal Income and Spending, the Core PCE Price Index, and Pending Home Sales on Wednesday, Initial Jobless Claims and Chicago PMI on Thursday, and the ISM Index and Construction Spending on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell almost 5% and the U.S. dollar index and treasuries jumped markedly higher while the Dow, Nasdaq, and S&P dropped roughly 4% on astonishment over Britain’s vote to leave the EU.
Among the big names making news in the market Friday were Deutsche Bank, Telefonica, and United Airlines.
GATA Posts:
Rule, Britannia! Britannia, rule THYSELF!
GATA secretary explains gold price suppression and news suppression
The Statistics:
Activity from: 6/23/2016
Gold Warehouse Stocks: | 8,854,088.661 | +4,028.28 |
Silver Warehouse Stocks: | 150,767,921.693 | +1,716,424.849 |
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 | 915.898 | 29,447,048 | US$38,728m |
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$5,859m |
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$6,475m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$474m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 34.88 | 1,121,361 | US$1,417m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 201.91: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,333.02: -26.61 change from yesterday’s data.
The Miners:
WINNERS
1. Vista Gold | VGZ +18.05% $1.57 |
2. B2Gold | BTG +10.55% $2.41 |
3. Gold Fields | GFI +9.43% $4.64 |
LOSERS
1. Freeport | FCX-10.19%$10.58 |
2. Turquoise | TRQ -5.56% $3.23 |
3. Nevsun | NSU -3.78% $2.80 |
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, 24 June 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold Explodes Higher on Brexit Shock
