-- Published: Thursday, 16 June 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1281.70 | -$12.60 |
Silver | $17.17 | -$0.37 |
XAU | 89.86 | -2.77% |
HUI | 226.59 | -3.16% |
GDM | 713.02 | -1.70% |
JSE Gold | 2155.25 | -36.72 |
USD | 94.56 | -0.10 |
Euro | 112.39 | -0.22 |
Yen | 95.81 | +1.47 |
Oil | $46.21 | -$1.80 |
10-Year | 1.564% | -0.032 |
T-Bond | 171.5625 | +0.90625 |
Dow | 17733.10 | +0.53% |
Nasdaq | 4844.91 | +0.21% |
S&P | 2077.99 | +0.31% |
The Metals:
Gold gained $21.27 to $1315.57 at about 10:45AM EST, but it then tumbled lower into the close and ended with a loss of 0.97% after tragic news in Britain reduced the odds of Britain leaving the EU. Silver slipped to as low as $17.157 and ended with a loss of 2.11%.
Euro gold fell to about €1140, platinum lost $8 to $967, and copper dropped 4 cents to about $2.05.
Gold and silver equities saw decent gains for most of the morning, but they then fell back off in afternoon trade and ended roughly 2% lower on the day.
The Economy:
Report | For | Reading | Expected | Previous |
CPI | May | 0.2% | 0.3% | 0.4% |
Core CPI | May | 0.2% | 0.2% | 0.2% |
Initial Claims | 6/11 | 277K | 269K | 264K |
Philadelphia Fed | June | 4.7 | 0.7 | -1.8 |
Current Account Balance | Q1 | -$124.7B | -$125.4B | -$113.4B |
NAHB Housing Market Index | June | 60 | 59 | 58 |
Fed's Yellen to speak before U.S. House committee on Wednesday Reuters
Tomorrow brings Building Permits and Housing Starts.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell almost 4% on continued concerns about the impacts of next week’s Brexit vote, no matter the outcome.
The U.S. dollar index erased notable early gains and ended slightly lower while treasuries remained higher and the Dow, Nasdaq, and S&P turned losses into gains after the suspension of both sides of the Brexit campaigns spurred speculation that it may favor the pro-EU "Remain" camp.
Among the big names making news in the market today were VW, Wal-Mart, Macy’s, and Disney.
GATA Posts:
Canada experiments with digital dollar on blockchain
China dumping more than Treasuries as U.S. stocks join fire sale
GATA Chairman Murphy interviewed on volatility in monetary metals
Saville has no time to answer challenging questions
The Statistics:
As of close of business: 6/15/2016
Gold Warehouse Stocks: | 8,812,135.971 | - |
Silver Warehouse Stocks: | 150,053,819.652 | -358,881.246 |
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 | 900.750 | 28,960,023 | US$37,953m |
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$5,813m |
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$6,425m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$460m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 34.88 | 1,121,361 | US$1,417m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 2.079 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 197.65: +0.75 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,661.21: No change from yesterday’s data.
The Miners:
WINNERS
1. Vista Gold | VGZ +11.11% $1.20 |
2. Alexco | AXU +6.98% $1.38 |
3. Avino | ASM +5.11% $2.47 |
LOSERS
1. Harmony | HMY -6.04% $3.42 |
2. AngloGold | AU -5.66% $15.82 |
3. Gold Fields | GFI -4.49% $4.25 |
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
Please see Yahoo’s Mining/Metals News Wire for all of today’s mining news.
- Chris Mullen, Gold Seeker Report
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-- Published: Thursday, 16 June 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Erase Notable Early Gains on Brexit Doubts
