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By: Chris Mullen,

 -- Published: Tuesday, 5 July 2016 | Print  | Disqus 



















JSE Gold































The Metals:


Gold gained $11.43 to $1355.13 in Asia on Monday before it fell back to $1341.35 at about 2AM EST today, but it then climbed to as high as $1356.88 in New York and ended with a gain of 0.89% from Friday’s close.  Silver soared to as high as $21.096 at the open of trade on Monday before it fell to as low as $19.598 in London today, but it then bounced back to $20.061 in early New York trade and ended with a gain of 1.27% from Friday’s close.


Euro gold rose to about €1225, platinum gained $14 to $1071, and copper fell 4 cents to about $2.19.


Gold and silver equities rose roughly 1% at the open before they fell to see slight losses by midmorning, but they then climbed back towards their opening highs by midday and remained near that level for the rest of the day.


The Economy:







Factory Orders






Tomorrow brings the Trade Balance, ISM Services, and FOMC Minutes.


The Markets:

Charts Courtesy of


Oil fell nearly 5% and the U.S. dollar index rose with treasuries as the Dow, Nasdaq, and S&P dropped almost 1% on renewed worries about the global economy and the impact of Britain’s vote to exit the European Union.


Among the big names making news in the market today were Time, Delta, Harley-Davidson, Hostess, and Ford.


GATA Posts:



Avery Goodman: It's easy to calculate the fair-market value of gold

David Jensen: Detonation of the LBMA -- it wasn't Brexit, Governor Carney

Just making sure currency markets stayed free and unmanipulated (by anyone else)


The Statistics:

As of close of business: 7/1/2016

Gold Warehouse Stocks:



Silver Warehouse Stocks:




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




London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities




London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold




Australian Stock Exchange (ASX)

Gold Bullion Securities




Johannesburg Securities Exchange (JSE)

New Gold Debentures




Note: Change in Total Tonnes from yesterday’s data: SPDR added 3.86 tonnes.


COMEX Gold Trust (IAU) Total Tonnes in Trust: 208.17: No change from yesterday’s data.


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


The Miners:


Barrick’s (ABX) IR appointment and Tahoe Resource’s (TAHO) deals with Goldcorp (GG) were among the big stories in the gold and silver mining industry making headlines today.



1.  Tanzanian Royalty

TRX +53.33 $1.15


DRD +10.37% $7.13

3.  Great Panther

GPL +8.72% $1.87



1.  Almaden

AAU -9.64% $1.50

2.  Freeport

FCX -7.49% $10.50

3.  Nevsun

NSU -3.64% $2.91

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 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. 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’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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