-- Published: Wednesday, 6 July 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1364.00 | +$8.40 |
Silver | $20.09 | +$0.14 |
XAU | 106.85 | +3.28% |
HUI | 271.75 | +3.07% |
GDM | 847.68 | +2.92% |
JSE Gold | 2710.27 | +166.26 |
USD | 96.07 | -0.14 |
Euro | 111.01 | +0.30 |
Yen | 98.66 | +0.40 |
Oil | $47.43 | +$0.83 |
10-Year | 1.385% | +0.018 |
T-Bond | 176.0625 | -0.1875 |
Dow | 17918.62 | +0.44% |
Nasdaq | 4859.16 | +0.75% |
S&P | 2099.73 | +0.54% |
The Metals:
Gold gained $19.18 to $1374.78 in London before it pared back to $1361.11 in midafternoon New York trade, but it then bounced back higher into the close and ended with a gain of 0.62%. Silver rose to as high as $20.474 and ended with a gain of 0.7%.
Euro gold rose to about €1229, platinum gained $12 to $1083, and copper fell a few cents to about $2.16.
Gold and silver equities rose about 3% by midmorning and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Trade Balance | May | -$41.1B | -$40.0B | -$37.4B |
ISM Services | June | 56.5 | 53.3 | 52.9 |
Minutes show more vocal doves at the Fed MarketWatch
Fed Officials Held Rates in June as Job Slump Raised Uncertainty Bloomberg
Tomorrow brings ADP Employment and Initial Jobless Claims.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil erased early losses and closed almost 2% higher on expectations for another drop in inventories in tomorrow’s weekly report.
The U.S. dollar index briefly spiked higher after today’s better than expected ISM Services report, but it then drifted back lower into the close and finished near its low of the session.
Treasuries reversed early gains and ended modestly lower as the Dow, Nasdaq, and S&P turned morning losses into afternoon gains on the outlook for low interest rates for the foreseeable future.
Among the big names making news in the market today were American Airlines, United Continental, Netflix, Bill Gross, and Tesla.
GATA Posts:
Forget Brexit -- China's currency is falling again
Centerra Gold to buy Thompson Creek for $1.1 billion, a 32% premium
Analyze THIS, technically -- Part Umpteen
The Statistics:
As of close of business: 7/5/2016
Gold Warehouse Stocks: | 9,445,739.924 | -1,607.50 |
Silver Warehouse Stocks: | 152,750,822.002 | +1,078,244.79 |
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 | 982.721 | 31,595,459 | US$43,152m |
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$6,070m |
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$6,705m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$489m |
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 28.807 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 211.43: +3.26 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,471.10: +96.69 change from yesterday’s data.
The Miners:
Sandstorm’s (SAND) closed financing, Osisko’s (OSK.TO) exploration program, Primero’s (PPP) board resignation, Centerra’s (CG.TO) plan to buy Thompson Creek Metals (TCM.TO), and Fortuna’s (FSM) commissioning activities were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Paramount | PZG +20.45% $2.12 |
2. ITH | THM +13.19% $1.03 |
3. DRDGOLD | DRD +13.04% $8.06 |
LOSERS
1. Vista Gold | VGZ -5.35% $1.77 |
2. Alexco | AXU -5.15% $1.84 |
3. Gold Standard | GSV -3.43% $1.97 |
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: Wednesday, 6 July 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Again While Stocks Bounce Back From Morning Losses
