-- Published: Monday, 10 July 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1214.10 | +$1.70 |
Silver | $15.66 | +$0.10 |
XAU | 79.93 | +3.13% |
HUI | 183.89 | +2.79% |
GDM | 599.72 | +2.13% |
JSE Gold | 1241.68 | +29.57 |
USD | 96.04 | +0.03 |
Euro | 114.01 | -0.03 |
Yen | 87.67 | -0.11 |
Oil | $44.40 | +$0.17 |
10-Year | 2.373% | -0.013 |
T-Bond | 151.96875 | +0.3125 |
Dow | 21408.52 | -0.03% |
Nasdaq | 6176.39 | +0.38% |
S&P | 2427.43 | +0.09% |
The Metals:
Gold dipped $7.40 to $1205.00 in Asia before it jumped up to $1214.70 in London and then fell back under $1210 in early New York trade, but it then climbed to a new session high of $1215.00 by late morning and ended with a gain of 0.14%. Silver slipped to $15.197 before it climbed to as high as $15.737 and then drifted back lower, but it still ended with a gain of 0.64%.
Euro gold rose to about €1065, platinum lost $5 to $900, and copper remained at about $2.65.
Gold and silver equities saw slight losses at the open, but then then climbed steadily higher for most of the rest of trade and ended roughly 3% higher on the day.
The Economy:
The Big Downgrade That Fueled the Subprime Crash Bloomberg
U.S households see spending up, job prospects improving: New York Fed survey Reuters
Trump presses congressional Republicans to pass healthcare plan Reuters
Tomorrow brings Wholesale trade inventories.
The Markets:
Oil edged up on skepticism over output-cap prospects for Libya and Nigeria.
The U.S. dollar index traded mostly higher along with treasuries and the Dow, Nasdaq, and S&P on steady earnings reports and foreign policy uncertainty.
Among the big names making news in the market today were Shire, Roche, Tiffany, ClubCorp, Abercrombie & Fitch, and Costco.
GATA Posts:
Lynn Fisher: Flash crash in silver was meant to scare investors
New LME gold contract sees lackluster launch
Last week's flash crash in silver was a government operation, Turk tells KWN
World's biggest metals exchange takes on the gold elite
What's ailing gold -- futures market rigging or newsletter bullishness?
Another bullion flash crash is testing traders
The Statistics:
As of close of business: 7/7/2017
Gold Warehouse Stocks: | 8,542,573.609 | -70,868.962 |
Silver Warehouse Stocks: | 211,844,679.102 | -15,050.65 |
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 | 835.345 | 26,857,188 | US$32,533m |
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$5,390m |
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$5,957m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$436m |
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 5.324 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 210.76: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,629.03: No change from yesterday’s data.
The Miners:
Royal Gold’s (RGLD) fiscal 2017 fourth quarter update, Seabridge Gold’s (SA) drill campaign, and Avino’s (ASM) mine update were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Sandstorm | SAND +7.81% $4.14 |
2. Great Panther | GPL +7.69% $1.26 |
3. Northern Dynasty | NAK +7.14% $1.35 |
LOSERS
1. Taseko | TGB -4.76% $1.20 |
2. Tahoe Resources | TAHO -3.11% $4.99 |
3. Paramount | PZG -0.71% $1.40 |
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: Monday, 10 July 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Edge Higher While Miners Gain 3%
