-- Published: Wednesday, 19 July 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1241.60 | -$0.50 |
Silver | $16.29 | +$0.02 |
XAU | 82.61 | +0.26% |
HUI | 189.35 | +0.27% |
GDM | 617.02 | +0.13% |
JSE Gold | 1232.41 | -5.47 |
USD | 94.80 | +0.17 |
Euro | 115.19 | -0.37 |
Yen | 89.38 | +0.12 |
Oil | $47.12 | +$0.72 |
10-Year | 2.271% | +0.012 |
T-Bond | 153.84375 | UNCH |
Dow | 21640.75 | +0.31% |
Nasdaq | 6385.04 | +0.64% |
S&P | 2473.83 | +0.54% |
The Metals:
Gold fell $5.10 to $1237.00 in Asia before it climbed back to $1243.80 in midmorning New York trade and then chopped back lower at times, but it ended with a loss of just 0.04%. Silver slipped to $16.166 before it jumped back to $16.359 and then also fell back off, but it still ended with a gain of 0.12%.
Euro gold rose to about €1078, platinum lost $6 to $918, and copper dropped a penny to about $2.72.
Gold and silver equities waffled near unchanged and ended slightly higher.
The Economy:
Report | For | Reading | Expected | Previous |
Housing Starts | June | 1.215M | 1.170M | 1.122M |
Building Permits | June | 1.254M | 1.206M | 1.168M |
Tomorrow brings Initial Jobless Claims, the Philadelphia Fed, and Leading Indicators.
The Markets:
Oil gained almost 2% after the Energy Information Administration reported that crude inventories fell 4.7 million barrels, gasoline inventories fell 4.4 million barrels, and distillates fell 2.1 million barrels.
The U.S. dollar index edged higher as the euro dropped ahead of tomorrow’s ECB decision.
Treasuries traded mixed as better than expected housing data was offset by political uncertainty.
The Dow, Nasdaq, and S&P rose on better than expected earnings reports.
Among the big names making news in the market today were Facebook, IBM, PayPal, Morgan Stanley, and Vertex Pharma.
GATA Posts:
Why not sue Comex for facilitating the rigging of monetary metals markets?
The Statistics:
As of close of business: 7/18/2017
Gold Warehouse Stocks: | 8,414,462.135 | - |
Silver Warehouse Stocks: | 214,185,790.077 | +602,527.25 |
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 | 821.448 | 26,410,374 | US$32,799m |
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$5,511m |
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$6,092m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$445m |
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 5.619 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 211.41: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,826.08: -29.41 change from yesterday’s data.
The Miners:
Newmont’s (NEM) dividend and Nevsun’s (NSU) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Nevsun | NSU +2.43% $2.53 |
2. Taseko | TGB +2.21% $1.39 |
3. Northern Dynasty | NAK +2.14% $1.43 |
LOSERS
1. Alio Gold | ALO -3.35% $4.62 |
2. Gold Resource | GORO-3.23% $4.19 |
3. Almaden | AAU -2.40% $1.22 |
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: Wednesday, 19 July 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Mixed
