Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 1% and 2% on the Week
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 11 17 2017
By: Ira Epstein

Next-Generation Crazy: The Fed Plans For The Coming Recession
By: John Rubino

COT Gold, Silver and US Dollar Index Report - November 17, 2017
By: GoldSeek.com

Gold Miners’ Q3’17 Fundamentals
By: Adam Hamilton, CPA

Bonfire of the Absurdities
By: John Mauldin

The Social Security Inflation Lag Calendar - Partial Indexing Part 1
By: Daniel R. Amerman, CFA

Rob From The Middle Class Economics
By: Gary Christenson

GoldSeek Radio Nugget: John Williams and Chris Waltzek
By: radio.GoldSeek.com

The Metals Market Is A Mess And Will Likely Continue To Frustrate You
By: Avi Gilburt

 
Search

GoldSeek Web

 
Gold Seeker Closing Report: Gold and Silver End Mixed While SPX Closes at Record High
By: Chris Mullen, Gold-Seeker.com

 -- 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%

 
 
http://goldseek.com/news/GoldSeeker/2016/7-11gsr/1.jpg

 

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:

 

http://goldseek.com/news/GoldSeeker/2016/7-11gsr/1.png

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

 

- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

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 Gold-Seeker.com 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. Gold-Seeker.com 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 Gold-Seeker.com’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.


| Digg This Article
 -- Published: Monday, 11 July 2016 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.