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Gold Seeker Closing Report: Gold and Silver Fall With Stocks and Bonds
By: Chris Mullen, Gold-Seeker.com

 -- Published: Thursday, 29 June 2017 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1244.30

-$5.90

Silver

$16.62

-$0.20

XAU

80.29

-2.40%

HUI

184.40

-2.59%

GDM

612.22

-1.68%

JSE Gold

1198.98

-40.45

USD

95.58

-0.43

Euro

114.37

+0.55

Yen

89.17

+0.10

Oil

$44.93

+$0.19

10-Year

2.267%

+0.048

T-Bond

154.21875

-0.78125

Dow

21287.03

-0.78%

Nasdaq

6144.35

-1.44%

S&P

2419.70

-0.86%

 
http://goldseek.com/news/2017/6-29-2017%202-01-49%20PM.jpg

 

The Metals:

 

Gold edged up to $1252.90 in Asia before it fell back to $1239.90 by a little after 9AM EST, but it then bounced back higher into the close and ended with a loss of just 0.47%.  Silver slipped to as low as $16.609 and ended with a loss of 1.19%.

 

Euro gold fell to about €1088, platinum lost $2 to $918, and copper climbed 2 cents to about $2.70.

 

Gold and silver equities fell about 2% in the first 10 minutes of trade and remained near that level for the rest of the day.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Initial Claims

6/24

244K

241K

242K

GDP

Q1

1.4%

1.2%

1.2%

GDP Deflator

Q1

1.9%

2.2%

2.2%

 

Mortgage rates swoon to 2017 low, but bond selloff threatens  MarketWatch

 

Tomorrow brings Personal Income and Spending, PCE Prices, Chicago PMI, and Michigan Sentiment.

 

The Markets:

 

Oil continued modestly higher on signs of declines in U.S. crude production.

 

The U.S. dollar index dropped yet again as the euro rose on the outlook for tighter monetary policy in Europe.

 

Treasuries fell along with the Dow, Nasdaq, and S&P on disappointment over talk of less accommodative policy from any central bank.

 

Among the big names making news in the market today were SodaStream, AMD, Nvidia, Blue Apron, and Walgreens.

 

GATA Posts:

 

 

Bullion Star's gold demand charts for June

 

The Statistics:

As of close of business: 6/28/2017

Gold Warehouse Stocks:

8,616,722.334

+2,800.00

Silver Warehouse Stocks:

208,516,152.233

+629,762.50

 

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

853.684

27,446,803

US$34,119m

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$5,527m

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$6,103m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$446m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

34.33

1,103,760

US$1,383m

 Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 209.75: +0.75 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,551.14: -20.59 change from yesterday’s data.

 

The Miners:

 

Goldcorp’s (GG) sale of its 21% minority interest in the San Nicolas copper-zinc project and Nevsun’s (NSU) drill results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Gold Resource

GORO +4.41% $4.26

2.  Nevsun

NSU +3.83% $2.44

3.  Freeport

FCX +0.75% $12.08

 

LOSERS

1.  Alio Gold

ALO -20.44% $4.54

2.  NovaGold

NG -5.29% $4.48

3.  Alamos Gold

AGI -4.83% $6.90

Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.

 

- Chris Mullen, Gold Seeker Report

 

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© Gold Seeker 2017

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.


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 -- Published: Thursday, 29 June 2017 | E-Mail  | Print  | Source: GoldSeek.com

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