-- Published: Friday, 15 July 2016 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1328.50 | -$5.30 | -2.83% |
Silver | $20.07 | -$0.18 | -0.59% |
XAU | 107.73 | -0.62% | +0.76% |
HUI | 267.74 | -0.61% | -0.93% |
GDM | 830.70 | -1.17% | -1.49% |
JSE Gold | 2770.41 | +38.18 | +3.80% |
USD | 96.52 | +0.41 | +0.25% |
Euro | 110.66 | -0.48 | +0.11% |
Yen | 94.88 | -0.02 | -4.68% |
Oil | $45.95 | +$0.27 | +1.19% |
10-Year | 1.594% | +0.063 | +16.69% |
Bond | 171.6875 | -1.3125 | -2.97% |
Dow | 18516.55 | +0.05% | +2.04% |
Nasdaq | 5029.59 | -0.09% | +1.47% |
S&P | 2161.74 | -0.09% | +1.49% |
The Metals:
Gold edged down to $1326.59 in Asia before it bounced back to $1336.05 in London and then fell to a new session low of $1322.69 at about 9:30AM EST in New York, but it then bounced back higher into the close and ended with a loss of just 0.4%. Silver slipped to as low as $20.047 and ended with a loss of 0.89%.
Breaking news after stocks closed has gold up over $10 in after-hours trade as I publish:
Turkish military launch attempted coup to depose government
Turkish Premier Says Elements of Army Attempt to Seize Power
Euro gold remained at about €1200, platinum lost $12 to $1086, and copper remained at about $2.24.
Gold and silver equities waffled near unchanged and ended slightly lower.
The Economy:
Report | For | Reading | Expected | Previous |
Empire Manufacturing | July | 0.55 | 5.0 | 6.0 |
Retail Sales | June | 0.6% | 0.2% | 0.2% |
Retail Sales ex-auto | June | 0.7% | 0.4% | 0.4% |
CPI | June | 0.2% | 0.3% | 0.2% |
Core CPI | June | 0.2% | 0.2% | 0.2% |
Capacity Utilization | June | 75.4% | 75.0% | 74.9% |
Industrial Production | June | 0.6% | 0.2% | -0.3% |
Business Inventories | May | 0.2% | 0.2% | 0.1% |
Michigan Sentiment | July | 89.5 | 93 | 93.5 |
All of this week’s other economic reports:
Next week’s economic highlights include the NAHB Housing Market Index and Net Long-Term TIC Flows on Monday, Building Permits and Housing Starts on Tuesday, and Initial Jobless Claims, the Philadelphia Fed, the FHFA Housing Price Index, and Existing Home Sales on Thursday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose along with the U.S. dollar index on mostly better than expected economic data that sent treasuries lower.
The Dow, Nasdaq, and S&P traded mixed on slightly disappointing earnings reports.
Among the big names making news in the market Friday were Citigroup, Wells Fargo, and Herbalife.
GATA Posts:
Bernanke recommended 'helicopter money' option to Japan
The Statistics:
Activity from: 7/14/2016
Gold Warehouse Stocks: | 9,812,213.768 | +95,863.347 |
Silver Warehouse Stocks: | 152,701,466.697 | +900,685.703 |
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 | 962.845 | 30,956,432 | US$41,072m |
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$5,903m |
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$6,524m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$477m |
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 2.376 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 214.90: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,842.07: No change from yesterday’s data.
The Miners:
WINNERS
1. Avino | ASM +3.36% $3.08 |
2. Tanzanian Royalty | TRX +1.94% $1.05 |
3. Gold Resource | GORO +1.69% $5.42 |
LOSERS
1. Almaden | AAU -5.84% $1.45 |
2. Pretivm | PVG -5.05% $11.46 |
3. Exeter | XRA -4.20% $1.37 |
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: Friday, 15 July 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall on the Week Before Breaking News of Turkey Coup
