-- Published: Thursday, 7 July 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1359.10 | -$4.90 |
Silver | $19.67 | -$0.42 |
XAU | 103.83 | -2.83% |
HUI | 264.14 | -2.80% |
GDM | 826.90 | -2.61% |
JSE Gold | 2624.98 | -85.29 |
USD | 96.26 | +0.19 |
Euro | 110.62 | -0.39 |
Yen | 99.27 | +0.59 |
Oil | $45.14 | -$2.29 |
10-Year | 1.387% | +0.002 |
T-Bond | 176.25 | +0.375 |
Dow | 17895.88 | -0.13% |
Nasdaq | 4876.80 | +0.36% |
S&P | 2097.90 | -0.09% |
The Metals:
Gold saw slight gains in Asia before it fell to see a loss of $12.89 at $1351.11 in late morning New York trade, but rallied back higher into the close and ended with a loss of just 0.36%. Silver slipped to a low as $19.467 and ended with a loss of 2.09%.
Euro gold fell to about €1228, platinum gained $4 to $1087, and copper fell 3 cents to about $2.13.
Gold and silver equities fell over 3% by midmorning before they roughly halved their losses in early afternoon trade, but they then fell back off again into the close and ended with over 2.5% losses.
The Economy:
Report | For | Reading | Expected | Previous |
ADP Employment | June | 172K | 152K | 168K |
Initial Claims | 7/02 | 254K | 268K | 270K |
Tomorrow brings June’s jobs data and Consumer Credit.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell almost 5% after the Energy Information Administration reported that crude inventories fell just 2.2 million barrels, gasoline inventories fell 100,000 barrels, and distillates fell 1.6 million barrels.
The U.S. dollar index rose as the euro and pound fell on lingering worries about Brexit that sent treasuries modestly higher and the Dow and S&P lower.
Among the big names making news in the market today were Volkswagen, Wendy’s, Humana, and PepsiCo.
GATA Posts:
Ted Butler: Turning of the tide?
Gold assets top 2,000 tons as the clamor for havens grows louder
China's Silk Road said to consider offer for $2 billion Glencore mine
The Statistics:
As of close of business: 7/6/2016
Gold Warehouse Stocks: | 9,541,351.588 | +95,611.664 |
Silver Warehouse Stocks: | 152,722,849.922 | -27,972.08 |
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 | 982.444 | 31,586,554 | US$42,850m |
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$6,029m |
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$6,663m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$488m |
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 subtracted 0.277 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 213.19: +1.76 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,620.38: +149.28 change from yesterday’s data.
The Miners:
Sandstorm’s (SAND) second quarter gold sales, Centamin’s (CEE.TO) preliminary production results, Paramount’s (PZG) completed acquisition, and Tahoe’s (TAHO) dividend were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Paramount | PZG +13.68% $2.41 |
2. Royal Gold | RGLD +1.42% $79.36 |
3. DRDGOLD | DRD +0.99% $8.14 |
LOSERS
1. Great Panther | GPL -17.2% $1.54 |
2. Vista Gold | VGZ -7.34% $1.64 |
3. Gold Standard | GSV -6.60% $1.84 |
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: Thursday, 7 July 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Before Jobs Day
