-- Published: Friday, 7 July 2017 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1212.40 | -$12.30 | -2.34% |
Silver | $15.56 | -$0.45 | -6.32% |
XAU | 77.50 | -1.88% | -4.06% |
HUI | 178.89 | -2.05% | -3.67% |
GDM | 587.19 | -1.73% | -4.25% |
JSE Gold | 1212.11 | -36.59 | +0.35% |
USD | 96.01 | +0.19 | +0.36% |
Euro | 114.04 | -0.15 | -0.18% |
Yen | 87.78 | -0.57 | -1.28% |
Oil | $44.23 | -$1.29 | -3.93% |
10-Year | 2.386% | +0.018 | +3.74% |
Bond | 151.78125 | -0.50 | -1.30% |
Dow | 21414.34 | +0.44% | +0.30% |
Nasdaq | 6153.08 | +1.04% | +0.21% |
S&P | 2425.18 | +0.64% | +0.07% |
The Metals:
Gold dipped $5.60 to $1219.10 in Asia before it bounced back to $1227.00 just after this morning’s jobs data was released, but it then fell to a new session low of $1207.30 in late morning New York trade and ended with a loss of 1%. Silver flash crashed to $14.402 in Asia before it rebounded to $15.981 in early New York trade, but it then fell back to $15.362 by late morning and ended with a loss of 2.81%.
Last night’s swoon:
Euro gold fell to about €1064, platinum lost $4 to $905, and copper dropped a penny to about $2.65.
Gold and silver equities fell roughly 2.5% in the first half hour of trade before they bounced back higher at times, but they still ended with about 2% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Nonfarm Payrolls | June | 222K | 170K | 152K |
Unemployment Rate | June | 4.4% | 4.3% | 4.3% |
Avg. Hourly Earnings | June | 0.2% | 0.3% | 0.1% |
Average Workweek | June | 34.5 | 34.4 | 34.4 |
The BLS net birth/death adjustment added 102,000 payrolls to June’s data. Private Payrolls rose 187,000.
All of this week’s other economic reports:
The Markets:
Oil fell almost 3% after Baker Hughes reported that the number of active U.S. oil rigs climbed by 7 to 763 rigs this week.
The U.S. dollar index rose and treasuries fell while the Dow, Nasdaq, and S&P climbed higher on better than expected jobs data.
Among the big names making news in the market Friday were Eli Lilly, Berkshire Hathaway, Whole Foods, Tesla, and Samsung.
GATA Posts:
The government just killed the mining sector in this critical gold nation
The Statistics:
Activity from: 7/6/2017
Gold Warehouse Stocks: | 8,613,442.571 | -3,279.402 |
Silver Warehouse Stocks: | 211,859,729.752 | +319,257.20 |
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$32,843m |
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$5,368m |
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$5,933m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$435m |
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: 210.76: +0.45 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,629.03: +70.6 change from yesterday’s data.
The Miners:
Banro’s (BAA) new CFO, Kinross Gold’s (KGC) completed offering, and Coeur’s (CDE) second quarter production and sales results were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Taseko | TGB +6.78% $1.26 |
2. Gold Standard | GSV +1.75% $1.74 |
3. Northern Dynasty | NAK +0.80% $1.25 |
LOSERS
1. Tahoe Resources | TAHO-7.37% $5.15 |
2. Americas Silver | USAS -6.81% $2.60 |
3. New Gold | NGD -5.69% $2.82 |
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: Friday, 7 July 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Over 2% and 6% on the Week
