Gold Seeker Closing Report: Gold and Silver Close Barely Lower
| Close | Gain/Loss |
Gold | $1241.20 | -$0.40 |
Silver | $15.79 | -$0.01 |
XAU | 80.14 | -0.36% |
HUI | 173.06 | -0.27% |
GDM | 609.23 | -0.54% |
JSE Gold | 1015.01 | -15.26 |
USD | 94.52 | -0.20 |
Euro | 117.12 | +0.28 |
Yen | 88.91 | -0.10 |
Oil | $68.06 | -$2.95 |
10-Year | 2.853% | +0.020 |
T-Bond | 145.21875 | -0.46875 |
Dow | 25064.36 | +0.18% |
Nasdaq | 7805.72 | -0.26% |
S&P | 2798.43 | -0.10% |
The Metals:
Gold edged up to $1245.60 in Asia before it dropped back to $1238.40 in early afternoon New York trade and then bounced back higher into the close, but it still ended with a loss of 0.03%. Silver slipped to as low as $15.743 and ended with a loss of 0.06%.
Euro gold fell to about EUR1060, platinum lost $4 to $822, and copper dropped a penny to about $2.76.
Gold and silver equities ended slightly lower in mixed trade.
Empire State Index Falls in July Investing
Business inventories rise; sales gain biggest in 8 months CNBC
Strong U.S. retail sales brighten economic outlook Reuters
The Markets:
Oil fell over 4% on talk over the possible release of oil from global reserves.
The U.S. dollar index fell along with treasuries ahead of this week's Jerome Powell testimony.
The Dow, Nasdaq, and S&P held near unchanged on earnings uncertainty and trade tensions.
Among the big names making news in the market today were Deutsche Bank, Bitcoin, BlackRock, Amazon, Bank of America, Uber, Tesla, and Salesforce.
GATA Posts:
The explosive questions the gold riggers won't answer -- and the press won't ask
The Statistics:
As of close of business: 7/13/2018
Gold Warehouse Stocks: | 8,658,102.481 | - |
Silver Warehouse Stocks: | 280,338,038.207 | -120,352.48 |
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(R) Gold Shares | 795.189 | 25,566,111 | US$31,724m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb?rse (Deutsche B?rse - Xetra) | Gold Bullion Securities | 138.13 | 4,441,056 | US$5,503m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb?rse (Deutsche B?rse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 152.66 | 4,908,200 | US$6,082m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$445m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 264.34: -0.77 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 10,163.12: No change from yesterday's data.
Agnico's (AEM) projects update, Gold Resource's (GORO) second quarter production results and drill results, McEwen's (MUX) second quarter production results, Randgold's (GOLD) worker strike, and Fortuna's (FSM) second quarter production results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Turquoise | TRQ +3.89% $2.94 |
2. Gold Resource | GORO +3.63% $7.14 |
3. Sibanye | SBGL +2.64% $2.33 |
LOSERS
1. Americas Silver | USAS -6.56% $2.85 |
2. Silvercorp | SVM -5.38% $2.64 |
3. Pan American | PAAS-3.67%$16.28 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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