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Gold Seeker Closing Report: Gold and Silver Gain About 1% While Stocks Hold Near Unchanged
By: Chris Mullen, Gold-Seeker.com

 -- Published: Wednesday, 13 July 2016 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1343.80

+$11.60

Silver

$20.38

+$0.29

XAU

108.45

+3.08%

HUI

270.29

+2.97%

GDM

843.29

+2.74%

JSE Gold

2728.32

-5.97

USD

96.33

-0.18

Euro

110.95

+0.32

Yen

95.75

+0.26

Oil

$44.75

-$2.05

10-Year

1.468%

-0.045

T-Bond

174.8125

+1.00

Dow

18372.12

+0.13%

Nasdaq

5005.72

-0.34%

S&P

2152.43

+0.01%

 
 
http://goldseek.com/news/GoldSeeker/2016/7-13gsr/1.jpg

 

The Metals:

 

Gold dipped $4.38 $1327.82 in early Asian trade, but it then rose to as high as $1345.06 by midmorning in New York and ended with a gain of 0.87%.  Silver rose to as high as $20.466 and ended with a gain of 1.44%.

 

Euro gold rose to about €1211, platinum gained $6 to $1093, and copper climbed another couple of cents to about $2.24.

 

Gold and silver equities rose roughly 3% at the open and remained near that level for the rest of the day.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Export Prices

June

0.8%

-

1.2%

Export Prices ex-ag.

June

0.5%

-

1.0%

Import Prices

June

0.2%

-

1.4%

Import Prices ex-oil

June

-0.3%

-

0.3%

Treasury Budget

June

$6.3B

-

$50.5B

 

Fed’s beige book finds ‘softening’ in retail sales  MarketWatch

 

Tomorrow brings Initial Jobless Claims and PPI.

 

The Markets:

 

http://goldseek.com/news/GoldSeeker/2016/7-13gsr/1.png

Charts Courtesy of http://finance.yahoo.com/

 

Oil fell over 4% after The Energy Information Administration reported that crude inventories fell just 2.5 million barrels, gasoline inventories surprisingly rose 1.2 million barrels, and distillates rose 4.1 million barrels.

 

The U.S. dollar index drifted lower and treasuries rose as the Dow, Nasdaq, and S&P struggled to look past oil’s decline.

 

Among the big names making news in the market today were Valeant, UBS, Airbus, and ConAgra.

 

GATA Posts:

 

 

As central banks buy nearly everything, technical analysis is a fraud

 

The Statistics:

As of close of business: 7/12/2016

Gold Warehouse Stocks:

9,690,629.421

-418.07

Silver Warehouse Stocks:

151,593,766.250

-232,349.051

 

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

965.221

31,032,808

US$41,663m

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$5,965m

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$6,596m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$482m

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 16.035 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 214.54: +0.45 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,679.50: +59.12 change from yesterday’s data.

 

The Miners:

 

B2Gold’s (BTG) second quarter production, Osisko’s (OSK.TO) drill program, Gold Resource’s (GORO) second quarter production, and Great Panther’s (GPL) fatal accident were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Vista Gold

VGZ +12.58% $1.72

2.  Gold Resource

GORO +12.24% $5.50

3.  First Majestic

AG +9.73% $16.91

 

LOSERS

1.  Paramount

PZG -1.13% $2.63

2.  Nevsun

NSU -0.65% $3.05

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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© Gold Seeker 2016

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 -- Published: Wednesday, 13 July 2016 | E-Mail  | Print  | Source: GoldSeek.com

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