-- Published: Monday, 11 July 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1354.60 | -$12.60 |
Silver | $20.29 | +$0.10 |
XAU | 108.20 | +0.94% |
HUI | 272.25 | +0.27% |
GDM | 851.15 | +0.19% |
JSE Gold | 2765.65 | +96.56 |
USD | 96.58 | +0.30 |
Euro | 110.56 | +0.06 |
Yen | 97.25 | -2.17 |
Oil | $44.76 | -$0.65 |
10-Year | 1.434% | +0.068 |
T-Bond | 175.71875 | -1.21875 |
Dow | 18226.93 | +0.44% |
Nasdaq | 4988.63 | +0.64% |
S&P | 2137.16 | +0.34% |
The Metals:
Gold jumped $7.55 to $1374.75 at the open of trade last night before it fell to as low as $1351.35 in midmorning New York trade and then bounced back higher into midday, but it still ended with a loss of 0.92%. Silver jumped to as high as $20.668 in Asia before it dropped back to $20.155 in early New York trade, but it then chopped back higher into the close and ended with a gain of 0.5%.
Euro gold fell to about €1225, platinum lost $1 to $1097, and copper climbed a few cents to about $2.16.
Gold and silver equities saw over 1% gains at about 11AM EST before they fell to see modest losses in early afternoon trade, but they then edged back higher into the close and ended with slight gains.
The Economy:
The Week Brexit Got Real for Investors in Property Funds Bloomberg
The Fed needs to stop being such a wuss about the economy MarketWatch
Fed's George says U.S. interest rates are currently too low Reuters
Tomorrow brings Wholesale Inventories for May expected at 0.2%.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil drifted lower “after a survey revealed that crude production from members of the Organization of the Petroleum Exporting Countries has climbed to a nearly eight-year high.”
The U.S. dollar index rose as the yen fell “following Japanese Prime Minister Shinzo Abe's call for a fresh round of fiscal stimulus after a victory for his ruling coalition in local elections.”
Treasuries saw notable losses as the Dow, Nasdaq, and S&P gained about 0.5% on economic optimism.
Among the big names making news in the market today were Alcoa, Starbucks, and Nintendo.
GATA Posts:
GATA Chairman Murphy discusses metals' astounding upward reversal Friday
The Statistics:
As of close of business: 7/8/2016
Gold Warehouse Stocks: | 9,539,972.918 | - |
Silver Warehouse Stocks: | 150,792,482.502 | +362,075.56 |
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 | 981.256 | 31,548,362 | US$42,809m |
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$6,033m |
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$6,668m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$486m |
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 2.97 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 214.09: +0.90 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,620.38: No change from yesterday’s data.
The Miners:
Endeavour Mining’s (EDV.TO) closed financing, Endeavour Silver’s (EXK) second quarter silver and gold production, Hecla’s (HL) second quarter silver and gold production, and Fortuna’s (FSM) new Vice President of Exploration were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. ITH | THM +32.35% $1.35 |
2. Gold Resource | GORO +10.08% $5.34 |
3. Endeavour Silver | EXK +6.38% $5.00 |
LOSERS
1. Tanzanian Royalty | TRX -2.75% $1.06 |
2. Gold Standard | GSV -2.12% $1.85 |
3. Barrick | ABX -1.25% $22.04 |
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: Monday, 11 July 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Mixed While SPX Closes at Record High
