-- Published: Wednesday, 3 August 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1358.10 | -$6.40 |
Silver | $20.41 | -$0.20 |
XAU | 111.93 | -0.82% |
HUI | 280.11 | -1.25% |
GDM | 863.65 | -0.60% |
JSE Gold | 2950.02 | +109.77 |
USD | 95.55 | +0.46 |
Euro | 111.48 | -0.80 |
Yen | 98.79 | -0.34 |
Oil | $40.83 | +$1.32 |
10-Year | 1.542% | +0.005 |
T-Bond | 172.21875 | -0.125 |
Dow | 18355.00 | +0.23% |
Nasdaq | 5159.74 | +0.43% |
S&P | 2163.79 | +0.31% |
The Metals:
Gold fell $10.01 to $1354.49 at about 10:30AM EST, but it then bounced back higher in afternoon trade and ended with a loss of just 0.47%. Silver slipped to as low as $20.374 and ended with a loss of 0.97%.
Euro gold rose to about €1218, platinum lost $4.40 to $1159.60, and copper fell slightly to about $2.20.
Gold and silver equities fell over 2% by midmorning, but they then edged back higher into the close and ended with only about 1% losses.
The Economy:
Report | For | Reading | Expected | Previous |
ADP Employment | July | 179K | 165K | 176K |
ISM Services | July | 55.5 | 55.8 | 56.5 |
Tomorrow brings Initial Jobless Claims and Factory Orders.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil jumped over 3% higher after the Energy Information Administration reported that crude inventories rose 1.4 million barrels and gasoline inventories fell 3.3 million barrels.
The U.S. dollar index rose and treasuries fell on better than expected economic data that sent the Dow, Nasdaq, and S&P modestly higher.
Among the big names making news in the market today were Time Warner, Lyft, Office Depot, Bitcoin, and CBS.
GATA Posts:
Bond king Gross favors gold and real estate now
'Real Money Show' interviews GATA secretary on gold market rigging
Bitcoin worth $72 million stolen from Bitfinex exchange in Hong Kong
JPM analyst says central banks rigged markets after Brexit
The Statistics:
As of close of business: 8/2/2016
Gold Warehouse Stocks: | 10,993,213.689 | -1,929.00 |
Silver Warehouse Stocks: | 153,452,153.765 | -599,054.50 |
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 | 969.970 | 31,185,505 | US$42,363m |
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$6,030m |
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$6,661m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$487m |
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 added 5.938 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 219.65: -0.05 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,911.57: -4.38 change from yesterday’s data.
The Miners:
Golden Star’s (GSS) closed offering, Eurasian’s (EMXX) sold property, and Great Panther’s (GPL) unexpected passing were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Gold Resource | GORO +9.32% $6.45 |
2. Buenaventura | BVN +1.65% $15.37 |
3. First Majestic | AG +0.89% $18.20 |
LOSERS
1. Vista Gold | VGZ-18.71% $1.26 |
2. Paramount | PZG -5.60% $2.19 |
3. DRDGOLD | DRD -5.55% $8.17 |
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
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
Additional Resources for today’s Gold Seeker Report can be found:
© Gold Seeker 2016
Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.
Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.
| Digg This Article
-- Published: Wednesday, 3 August 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall While Stocks Edge Higher
