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Gold Seeker Closing Report: Gold Gains and Silver Surges Nearly 3% Again
By: Chris Mullen, Gold-Seeker.com

 -- Published: Thursday, 30 June 2016 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1323.70

+$6.10

Silver

$18.78

+$0.52

XAU

97.63

+1.92%

HUI

246.60

+1.60%

GDM

769.92

+1.64%

JSE Gold

2364.35

-7.82

USD

95.95

+0.14

Euro

110.99

-0.20

Yen

96.85

-0.28

Oil

$48.33

-$1.55

10-Year

1.488%

+0.011

T-Bond

172.625

-0.375

Dow

17929.99

+1.33%

Nasdaq

4842.67

+1.33%

S&P

2098.86

+1.36%

 
 
http://goldseek.com/news/GoldSeeker/2016/6-30gsr/1.jpg

 

The Metals:

 

Gold edged down to $1313.06 in Asia before it bounced up to $1322.91 by late morning in New York and then fell to see a slight loss in the next 90 minutes of trade, but it then rallied back higher into the close and ended with a gain of 0.46%.  Silver rose to as high as $18.793 and ended with a gain of 2.85%.

 

Euro gold rose to about €1193, platinum gained $20 to $1025, and copper climbed a penny to about $2.20.

 

Gold and silver equities rose roughly 1% at the open before they chopped back lower at times, but they then saw steady gains in the last few hours of trade and ended nearly 2% higher on the day.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Initial Claims

6/25

268K

265K

258K

Chicago PMI

June

56.8

50.8

49.3

 

Tomorrow brings ISM Index and Construction Spending.

 

The Markets:

 

http://goldseek.com/news/GoldSeeker/2016/6-30gsr/1.png

Charts Courtesy of http://finance.yahoo.com/

 

Oil fell over 3% on the easing of supply disruptions in Nigeria and Canada.

 

The U.S. dollar index rose as the pound and euro fell “after Bank of England Governor Mark Carney said the central bank will likely need to further ease monetary policy this summer to help combat flagging economic growth.”

 

Treasuries fell as the Dow, Nasdaq, and S&P gained over 1% on more calls for looser monetary policy.

 

Among the big names making news in the market today were Darden Restaurants, Volkswagen, Hershey, and Wal-Mart.

 

GATA Posts:

 

 

JPMorgan beats traders in silver futures rigging lawsuits

John Crudele: Sure looks like governments rigged stocks after Brexit vote

 

The Statistics:

As of close of business: 6/29/2016

Gold Warehouse Stocks:

9,286,567.361

+2,155.22

Silver Warehouse Stocks:

151,481,337.208

-21,504.092

 

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

950.054

30,545,174

US$40,330m

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$473m

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 2.673 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 203.71: +0.30 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,374.41: No change from yesterday’s data.

 

The Miners:

 

Endeavour Mining’s (EDV.TO) groundbreaking ceremony, Randgold’s (GOLD) report on payments made to governments, Comstock’s (LODE) business update, and Newmont’s (NEM) sale of Indonesian assets were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Pretivm

PVG +6.06% $11.20

2.  Alexco

AXU +5.16% $1.63

3.  Gold Standard

GSV +5.08% $1.86

 

LOSERS

1.  Vista Gold

VGZ -3.52% $1.92

2.  Kinross

KGC -2.78% $4.89

3.  Mines Management

MGN -1.85% $1.06

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

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 -- Published: Thursday, 30 June 2016 | E-Mail  | Print  | Source: GoldSeek.com

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