-- Published: Thursday, 13 July 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1218.20 | -$2.10 |
Silver | $15.73 | -$0.19 |
XAU | 79.43 | -1.36% |
HUI | 183.14 | -1.52% |
GDM | 600.12 | -0.89% |
JSE Gold | 1260.68 | -25.12 |
USD | 95.72 | -0.01 |
Euro | 114.06 | -0.12 |
Yen | 88.31 | -0.03 |
Oil | $46.08 | +$0.59 |
10-Year | 2.343% | +0.024 |
T-Bond | 152.25 | -0.53125 |
Dow | 21553.09 | +0.10% |
Nasdaq | 6274.44 | +0.21% |
S&P | 2447.83 | +0.19% |
The Metals:
Gold edged up to $1224.40 in Asia before it fell back to $1216.70 in midmorning New York trade, but it then bounced back higher into the close and ended with a loss of just 0.17%. Silver slipped to as low as $15.695 and ended with a loss of 1.19%.
Euro gold fell to about €1068, platinum lost $12 to $904, and copper fell a couple of cents to about $2.66.
Gold and silver equities fell about 1% by midmorning and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 7/08 | 247K | 246K | 250K |
PPI | June | 0.1% | 0.0% | 0.0% |
Core PPI | June | 0.1% | 0.2% | 0.3% |
Treasury Budget | June | -$90.2B | - | -$88.4B |
Trump's budget would reduce deficit by a third over the next decade, CBO says CNBC
Yellen Says Premature to Conclude Inflation Trend Falling Short Bloomberg
Mortgage rates jump as bond market finally buys what the Fed is selling MarketWatch
Tomorrow brings Retail Sales, CPI, Industrial Production, Capacity Utilization, Business Inventories, and Michigan Sentiment.
The Markets:
Oil rose over 1% on strong demand out of China.
The U.S. dollar index held near unchanged while treasuries fell after the Wall Street Journal reported that ECB President Mario Draghi is set to speak in Jackson Hole and is expected to signal optimism in the eurozone economy and reduced need for stimulus.
The Dow, Nasdaq, and S&P traded mostly slightly higher in relatively quiet trade.
Among the big names making news in the market today were Uber, Target, Delta, and Chipotle.
GATA Posts:
Bitcoin's acceptance among retailers is low and getting lower
German police search for stolen gold coin the size of a manhole cover
The Statistics:
As of close of business: 7/12/2017
Gold Warehouse Stocks: | 8,522,191.606 | -8,037.50 |
Silver Warehouse Stocks: | 212,961,661.922 | -64,357.74 |
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 | 832.391 | 26,762,195 | US$32,616m |
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$5,410m |
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$5,979m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$437m |
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: 211.41: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,855.49: +61.76 change from yesterday’s data.
The Miners:
Nevsun’s (NSU) Q2 operating results, Richmont’s (RIC) Q2 operating results, Great Panther’s (GPL) Q2 production results, Excellon’s (EXN.TO) completed optimization plan, and Fortuna’s (FSM) Q2 production results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Freeport | FCX +1.71% $12.48 |
2. Americas Silver | USAS +1.43% $2.83 |
3. Richmont | RIC +1.43% $7.10 |
LOSERS
1. Hecla | HL -4.37% $5.03 |
2. Alio Gold | ALO -4.37% $4.38 |
3. Avino | ASM -4.00% $1.44 |
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, 13 July 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Edge Lower
