• Gold: 1,221.96 -0.88
  • Silver: 14.56 -0.00
  • Euro: 1.146 -0.000
  • USDX: 96.023 0.312
  • Oil: 69.36 -0.27

July 16: Gold and Silver Close Barely Lower

Chris Mullen
|
Monday, July 16th

 

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%

 
http://www.goldseek.com/news/2018/2018-07-16_14-06-37.jpg

 

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 €1060, platinum lost $4 to $822, and copper dropped a penny to about $2.76.

 

Gold and silver equities ended slightly lower in mixed trade.

 

The Economy:

 

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

 

Tomorrow brings Industrial production, Capacity utilization, Jerome Powell testimony, and the Home builders' index.

 

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® Gold Shares

795.189

25,566,111

US$31,724m

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$5,503m

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$6,082m

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.

 

The Miners:

 

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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© Gold Seeker 2018

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