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Gold Seeker Closing Report: Gold and Silver End Mixed
By: Chris Mullen, Gold-Seeker.com

 -- Published: Wednesday, 5 July 2017 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1225.30

+$5.00

Silver

$16.03

-$0.11

XAU

79.87

+1.08%

HUI

184.26

+1.43%

GDM

604.40

+0.55%

JSE Gold

1244.66

+59.56

USD

96.27

+0.07

Euro

113.45

-0.20

Yen

88.33

+0.12

Oil

$45.13

-$1.94

10-Year

2.328%

-0.020

T-Bond

153.375

+0.28125

Dow

21478.17

-0.01%

Nasdaq

6150.86

+0.67%

S&P

2432.54

+0.15%

 
http://goldseek.com/news/2017/7-5-2017%202-03-32%20PM.jpg

 

The Metals:

 

Gold edged up to $1228.80 in Asia before it fell back to $1217.60 in London, but it then bounced back higher in New York and ended with a gain of 0.41% from Monday.  Silver rose to as high as $16.219 before it fell back to $15.881 and then also edged back higher at times, but it still ended with a loss of 0.68%.

 

Euro gold rose to about €1180, platinum gained $4.75 to $909, and copper fell a few cents to about $2.66.

 

Gold and silver equities waffled near unchanged and ended about 1% higher.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Factory Orders

May

-0.8%

-0.5%

-0.3%

 

Fed minutes suggest increasing tensions on inflation shortfall Reuters

Fed Officials Divided on When to Begin Balance-Sheet Unwind Bloomberg

Illinois remains on brink of becoming first state rated junk, but does pass a budget MarketWatch

 

Tomorrow brings ADP Employment, Initial Jobless Claims, the Trade Balance, and ISM Services.

 

The Markets:

  

Oil fell over 4% “after Russia ruled out any proposals to deepen the OPEC-led production cuts.”

 

The U.S. dollar index traded mostly higher along with treasuries on geopolitical tensions and steady fed minutes.

 

The Dow, Nasdaq, and S&P waffled near unchanged on political uncertainty.

 

Among the big names making news in the market today were Monte Paschi, Volvo, Airbus, Worldpay, and O’Reilly.

 

GATA Posts:

 

 

Of course this would never happen with gold -- or no one would ever dare to ask

Tax hike in India could boost illegal bullion, jewelry sales and smuggling

Russian academic and political leaders listen to Hugo Salinas Price about silver

Despite lousy sentiment, gold and silver are doing well this year, Turk tells KWN

 

The Statistics:

As of close of business: 7/3/2017

Gold Warehouse Stocks:

8,616,722.334

-

Silver Warehouse Stocks:

210,363,885.802

+1,426,403.08

 

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

846.289

27,209,049

US$33,190m

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$5,431m

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$6,000m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$439m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

34.33

1,103,760

US$1,383m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 6.212 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 210.35: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,562.90: No change from yesterday’s data.

 

The Miners:

 

Tanzanian Royalty’s (TRX) comments on legislative trends in Tanzania, Goldcorp’s (GG) Sustainability Report, and Sandstorm Gold’s (SAND) second quarter production and drill results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Gold Fields

GFI +4.40% $3.56

2.  AngloGold

AU +3.91% $9.84

3.  Seabridge

SA +3.83% $10.85

 

LOSERS

1.  Avino

ASM -8.18% $1.46

2.  Richmont

RIC -4.03% $7.15

3.  Silvercorp

SVM -3.27% $2.96

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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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2017

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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: Wednesday, 5 July 2017 | E-Mail  | Print  | Source: GoldSeek.com

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