-- Published: Thursday, 21 July 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1333.10 | +$19.30 |
Silver | $19.85 | +$0.47 |
XAU | 104.04 | +3.55% |
HUI | 259.63 | +3.60% |
GDM | 799.62 | +2.16% |
JSE Gold | 2703.10 | +5.79 |
USD | 96.93 | -0.20 |
Euro | 110.21 | +0.12 |
Yen | 94.55 | +1.23 |
Oil | $44.75 | -$1.00 |
10-Year | 1.565% | -0.015 |
T-Bond | 171.46875 | UNCH |
Dow | 18517.23 | -0.42% |
Nasdaq | 5073.90 | -0.31% |
S&P | 2165.17 | -0.36% |
The Metals:
Gold dipped $3 to $1310.80 in early Asian trade before it bounced back to $1323.24 in London and then fell back to almost unchanged at about 9:30AM EST, but it then rallied back higher for most of the rest of trade and ended near its last minute high of $1333.82 with a gain of 1.47%. Silver rose to as high as $19.872 and ended with a gain of 2.43%.
Euro gold rose above €1209, platinum gained $18 to $1100, and copper climbed slightly to about $2.26.
Gold and silver equities rose roughly 3% by midday and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 7/16 | 253K | 265K | 254K |
Philadelphia Fed | July | -2.9 | 5.0 | 4.7 |
FHFA Housing Price Index | May | 0.2% | - | 0.3% |
Existing Home Sales | June | 5.57M | 5.50M | 5.51M |
Leading Indicators | June | 0.3% | 0.3% | -0.2% |
There are no major economic reports due out tomorrow.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell over 2% on the outlook for ample supplies and uncertain demand.
The U.S. dollar index dropped as the yen jumped higher “after Bank of Japan chief Haruhiko Kuroda said the bank saw no need to stimulate the economy with ‘helicopter money.’”
Treasuries saw slight gains as the Dow, Nasdaq, and S&P fell on mixed earnings reports.
Among the big names making news in the market today were EBay, Travelers, Biogen, Qualcomm, GM, and Tesla.
GATA Posts:
Analyze THIS (technically): We don't need back-door nationalization by central banks
U.S. charges HSBC official in FX rigging probe
Bank of England considers cutting commercial banks out of the payments system
Franklin Sanders interviews 'JPMadoff' author Helen Davis Chaitman
The Statistics:
As of close of business: 7/20/2016
Gold Warehouse Stocks: | 10,024,405.843 | +97,093.00 |
Silver Warehouse Stocks: | 155,021,794.993 | +731,397.094 |
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 | 31,032,805 | US$40,989m |
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$5,904m |
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$6,525m |
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 |
COMEX Gold Trust (IAU) Total Tonnes in Trust: 216.94
Silver Trust (SLV) Total Tonnes in Trust: 10,842.07
The Miners:
Pretivm’s (PVG) Mineral Resource estimate, Newmont’s (NEM) second quarter results, and Sabina’s (SBB.TO) permitting update were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Golden Minerals | AUMN +11.83% $1.04 |
2. Gold Resource | GORO +8.71% $5.24 |
3. Mines Management | MGN +8.13% $1.33 |
LOSERS
1. Vista Gold | VGZ -4.86% $1.37 |
2. Avino | ASM -3.08% $2.52 |
3. Paramount | PZG -2.22% $2.20 |
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, 21 July 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Almost 1.5% and 2.5%
