• Gold: 1,255.13 -0.67
  • Silver: 15.97 -0.07
  • Euro: 1.175 -0.001
  • USDX: 93.932 0.443
  • Oil: 57.26 0.11

July 17: Gold and Silver Add Onto Recent Gains

Chris Mullen
|
Monday, July 17th
 

Close

Gain/Loss

Gold

$1234.00

+$5.60

Silver

$16.12

+$0.17

XAU

82.06

+1.56%

HUI

188.32

+1.29%

GDM

612.23

+0.84%

JSE Gold

1250.62

-5.20

USD

95.10

UNCH

Euro

114.84

+0.14

Yen

88.81

-0.04

Oil

$46.02

-$0.52

10-Year

2.312%

-0.013

T-Bond

152.8125

+0.1875

Dow

21629.72

-0.04%

Nasdaq

6314.43

+0.03%

S&P

2459.14

-0.01%

 
http://goldseek.com/news/2017/7-17-2017%202-04-08%20PM.jpg

The Metals:

 

Gold gained $7.50 to $1235.90 $16.196 by a little after 10AM EST before it chopped back lower at times, but it still ended with a gain of 0.46%. Silver rose to as high as $16.196 and ended with a gain of 1.07%.

 

Euro gold rose to about €1075, platinum gained $3 to $923, and copper climbed 4 cents to about $2.73.

 

Gold and silver equities rose over 1% at the open and remained near that level for the rest of the day.

The Economy:

 

Report

For

Reading

Expected

Previous

Empire Manufacturing

July

9.8

13.0

19.8

 

Tomorrow brings Export and Import Prices, the NAHB Housing Market Index, and Net Long-Term TIC Flows.

 

The Markets:

 

Oil fell over 1% on doubts over full compliance to pledged OPEC output cuts.

 

The U.S. dollar index held near unchanged and treasuries edged higher on disappointing economic data.

 

The Dow, Nasdaq, and S&P traded mixed in anticipation of earnings reports later in the week.

 

Among the big names making news in the market today were BlackRock, Kroger, FedEx, Disney, Qualcomm, and Puma.

 

GATA Posts:

 

 

Avery Goodman: Bullion banks closed huge number of short positions last week

LME hopes gold futures contract will be blueprint for reform

Gold shops: Coming to a high street near you?

Steer's Saturday Gold & Silver Digest letter posted at GoldSeek

 

The Statistics:

As of close of business: 7/14/2017

Gold Warehouse Stocks:

8,522,223.757

-

Silver Warehouse Stocks:

213,282,250.412

-

 

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

828.842

26,648,087

US$32,880m

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$5,480m

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$6,056m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$443m

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: No change from yesterday’s data.

 

The Miners:

 

Randgold’s (GOLD) mine update, Taseko’s (TGB) operating update, and Banro’s (BAA) Q2 production results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. DRDGOLD

DRD +5.76% $3.12

2. Taseko

TGB +5.51% $1.34

3. Almaden

AAU +4.24% $1.23

LOSERS

1. Northern Dynasty

NAK -2.01% $1.46

2. Sandstorm

SAND -1.20% $4.11

3. NovaGold

NG -0.88% $4.52

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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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2017

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