-- Published: Thursday, 14 July 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1333.80 | -$10.00 |
Silver | $20.25 | -$0.13 |
XAU | 108.40 | -0.05% |
HUI | 269.39 | -0.33% |
GDM | 840.63 | -0.04% |
JSE Gold | 2732.23 | +3.91 |
USD | 96.11 | -0.22 |
Euro | 111.16 | +0.26 |
Yen | 94.92 | -0.81 |
Oil | $45.68 | +$0.93 |
10-Year | 1.531% | -0.063 |
T-Bond | 173.0625 | -1.90625 |
Dow | 18506.41 | +0.73% |
Nasdaq | 5034.05 | +0.57% |
S&P | 2163.75 | +0.53% |
The Metals:
Gold edged up to $1346.77 in early Asian trade before it dropped as much as $23.37 to $1320.43 at about 10AM EST and then rallied back higher for most of the rest of trade, but it still ended with a loss of 0.74%. Silver slipped to as low as $20.023 and ended with a loss of 0.64%.
Euro gold fell to about €1200, platinum gained $5 to $1098, and copper remained at about $2.24.
Gold and silver equities fell over 3% at the open, but they then climbed back higher into the close and ended near unchanged on the day.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 7/09 | 254K | 265K | 254K |
PPI | June | 0.5% | 0.3% | 0.4% |
Core PPI | June | 0.4% | 0.1% | 0.3% |
Tomorrow brings Retail Sales, Empire Manufacturing, CPI, Capacity Utilization, Industrial Production, Business Inventories, and Michigan Sentiment.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil bounced back from yesterday’s significant loss.
The U.S. dollar index dropped as the pound and euro rose after the Bank of England kept interest rates unchanged when a majority of economists had expected them to cut.
Treasuries fell as the Dow and S&P climbed to new record highs on steady earnings and economic reports.
Among the big names making news in the market today were Blackrock, Tesla, J.P Morgan, and Line.
GATA Posts:
After 8 months India's government has paperized only 3 tonnes of gold
John Hathaway: A momentous period for gold, weeks where decades happen
Silver shares forecast explosion in metal's price, Embry tells KWN
The Statistics:
As of close of business: 7/13/2016
Gold Warehouse Stocks: | 9,716,350.421 | +25,721.00 |
Silver Warehouse Stocks: | 151,800,780.994 | +207,014.744 |
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$41,069m |
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$5,905m |
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$6,528m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$478m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 34.88 | 1,121,361 | US$1,417m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 214.90: +0.36 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,842.07: +162.57 change from yesterday’s data.
The Miners:
Kirkland’s (KGI.TO) second quarter production, Comstock’s (LODE) conveyed ownership of federal land, and Great Panther’s (GPL) second quarter production were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Coeur | CDE +4.84% $13.64 |
2. Exeter | XRA +2.88% $1.43 |
3. Tanzanian Royalty | TR +1.98% $1.03 |
LOSERS
1. Paramount | PZG -5.70% $2.48 |
2. Great Panther | GPL -5.41% $1.40 |
3. Vista Gold | VGZ -5.36% $1.63 |
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, 14 July 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall While Stocks Climb to New Record Highs
