-- Published: Friday, 22 July 2016 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1323.50 | -$9.60 | -0.38% |
Silver | $19.64 | -$0.21 | -2.14% |
XAU | 103.74 | -0.29% | -3.70% |
HUI | 259.07 | -0.22% | -3.24% |
GDM | 801.59 | +0.20% | -3.50% |
JSE Gold | 2750.29 | +47.19 | -0.73% |
USD | 97.39 | +0.46 | +0.90% |
Euro | 109.75 | -0.54 | -0.82% |
Yen | 94.22 | -0.30 | -0.70% |
Oil | $44.19 | -$0.56 | -3.83% |
10-Year | 1.570% | +0.005 | -1.51% |
Bond | 171.71875 | +0.25 | +0.02% |
Dow | 18570.85 | +0.29% | +0.29% |
Nasdaq | 5100.16 | +0.52% | +1.40% |
S&P | 2175.03 | +0.46% | +0.61% |
The Metals:
Gold fell $13.18 to $1319.92 by late morning in New York before it bounced back higher into the close, but is still ended with a loss of 0.72%. Silver slipped to as low as $19.562 and ended with a loss of 1.06%.
Euro gold fell to about €1206, platinum lost $21 to $1079, and copper fell a couple of cents to about $2.24.
Gold and silver equities waffled near unchanged and ended mixed.
The Economy:
What to expect in the Fed statement next week MarketWatch
All of this week’s other economic reports:
NAHB Housing Market Index - July | 59 v. 60 |
Next week’s economic highlights include the Case-Shiller 20-city Index, Consumer Confidence, and New Home Sales on Monday, Durable Goods Orders, Pending Home Sales, and a FOMC Rate Decision on Wednesday, Initial Jobless Claims and International Trade in Goods on Thursday, and GDP, the Employment Cost Index, Chicago PMI, and Michigan Sentiment on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell over 1% as the U.S. dollar index rose after the pound fell on poor economic data from the UK that raised expectations for a rate cut from the Bank of England.
Treasuries held near unchanged as the Dow, Nasdaq, and S&P turned morning losses into afternoon gains on mixed earnings reports.
Among the big names making news in the market Friday were Starbucks, Papa John’s, Chipotle, GE, Verizon, and American Airlines.
GATA Posts:
The magic charts of technical analysis can't penetrate central bank trading rooms
The Statistics:
Activity from: 7/21/2016
Gold Warehouse Stocks: | 10,027,524.393 | +3,118.55 |
Silver Warehouse Stocks: | 155,368,524.393 | +346,729.40 |
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 | 963.142 | 30,965,981 | US$40,888m |
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$5,874m |
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$6,492m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$475m |
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 2.079 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 217.54: +0.60 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,842.07: No change from yesterday’s data.
The Miners:
Gold Fields’ (GFI) new directors and Timmins Gold’s (TGD) completed project sale were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Newmont | NEM +1.85% $41.27 |
2. Avino | ASM +1.59% $2.56 |
3. DRDGOLD | DRD +1.10% $7.34 |
LOSERS
1. ITH | THM -4.59% $1.04 |
2. Vista Gold | VGZ -4.38% $1.31 |
3. Alexco | AXU -4.12% $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: Friday, 22 July 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver End Slightly Lower on the Week
