-- Published: Thursday, 6 July 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1224.70 | -$0.60 |
Silver | $16.01 | -$0.02 |
XAU | 78.98 | -1.11% |
HUI | 182.65 | -0.88% |
GDM | 597.50 | -1.09% |
JSE Gold | 1248.70 | +4.04 |
USD | 95.82 | -0.45 |
Euro | 114.19 | +0.74 |
Yen | 88.35 | +0.02 |
Oil | $45.52 | +$0.39 |
10-Year | 2.368% | +0.040 |
T-Bond | 152.375 | -0.96875 |
Dow | 21320.04 | -0.74% |
Nasdaq | 6089.46 | -1.00% |
S&P | 2409.75 | -0.94% |
The Metals:
Gold saw slight gains in Asia before it drifted back to $1222.70 in London and then popped back higher in early New York trade, but it still ended with a loss of 0.05%. Silver slipped to as low as $15.937 and ended with a loss of 0.12%.
Euro gold fell to about €1072, platinum remained at $909, and copper stayed at $2.66.
Gold and silver equities fell roughly 1% in the first hour of trade and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
ADP Employment | June | 158K | 180K | 230K |
Initial Claims | 7/01 | 248K | 244K | 244K |
Trade Gap | May | -$46.5B | -$46.2B | -$47.6B |
ISM Non-Mfg Index | June | 57.4 | 56.5 | 56.9 |
Tomorrow brings June’s jobs data.
The Markets:
Oil gained almost 1% after the Energy Information Administration reported that crude inventories fell 6.3 million barrels, gasoline inventories fell 3.7 million barrels, and distillates fell 1.9 million barrels.
The U.S. dollar index fell along with treasuries as the euro rose after ECB minutes revealed talk of removing easing bias.
The Dow, Nasdaq, and S&P dropped on more talk of central banks becoming less accommodative.
Among the big names making news in the market today were Waymo, Tesla, Liberty Interactive, Symantec, Konica Minolta, and Volkswagen.
GATA Posts:
Former governor of Reserve Bank of India admits gold bothers central banks
GoldMoney CEO explains the choice gold offers in currencies and payments
Philippines central bank admits rigging currency market
S. Africa's ruling party may nationalize central bank but leave it independent
The Statistics:
As of close of business: 7/5/2017
Gold Warehouse Stocks: | 8,616,721.973 | - |
Silver Warehouse Stocks: | 211,540,472.552 | +1,176,586.75 |
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 | 840.669 | 27,028,362 | US$33,093m |
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$5,435m |
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$6,007m |
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 5.62 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 210.31: -0.04 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,558.43: -4.47 change from yesterday’s data.
The Miners:
Tanzanian Royalty’s (TRX) feasibility study, Buenaventura’s (BVN) preliminary 2Q17 production results and 2017 operating guidance, Banro’s (BAA) resumption of operations, SEMAFO’s (SMF.TO) second quarter production, IAMGOLD’s (IAG) drill results, Golden Star’s (GSS) drill results, Tahoe Resource’s (TAHO) dividend and temporarily suspended license, and Fortuna’s (FSM) AGM results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Pretivm | PVG +2.17% $9.87 |
2. Sandstorm | SAND +1.57% $3.87 |
3. Americas Silver | USAS +1.45% $2.79 |
LOSERS
1. Tahoe Resources | TAHO-33.01% $5.56 |
2. Northern Dynasty | NAK -7.41% $1.25 | |
3. Silvercorp | SVM -5.74% $2.79 | |
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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-- Published: Thursday, 6 July 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Lower
