• Gold: 1,283.57 -2.68
  • Silver: 16.91 -0.11
  • Euro: 1.176 -0.001
  • USDX: 93.434 -0.217
  • Oil: 48.91 1.97

July 18: Gold and Silver Rise A Third Day

Chris Mullen
|
Tuesday, July 18th
 

Close

Gain/Loss

Gold

$1242.10

+$8.10

Silver

$16.27

+$0.15

XAU

82.40

+0.42%

HUI

188.84

+0.28%

GDM

616.19

+0.59%

JSE Gold

1237.88

-12.74

USD

94.63

-0.47

Euro

115.56

+0.72

Yen

89.26

+0.45

Oil

$46.40

+$0.38

10-Year

2.259%

-0.053

T-Bond

153.84375

+0.96875

Dow

21574.73

-0.25%

Nasdaq

6344.31

+0.47%

S&P

2460.61

+0.06%

 
http://goldseek.com/news/2017/7-18-2017%202-06-34%20PM.jpg

The Metals:

 

Gold gained $10.40 to $1244.40 in midafternoon New York trade before it edged back lower in the last hour of trade, but it still ended with a gain of 0.66%. Silver rose to as high as $16.31 and ended with a gain of 0.93%.

 

Euro gold remained at about €1075, platinum gained $1 to $924, and copper stayed at about $2.73.

 

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

The Economy:

 

Report

For

Reading

Expected

Previous

Import Prices

June

-0.2%

-

-0.1%

Import Prices ex-oil

June

0.1%

-

0.0%

Export Prices

June

-0.2%

-

-0.5%

Export Prices ex-ag.

June

0.0%

-

-0.4%

NAHB Housing Market Index

July

64

67

66

Net Long-Term TIC Flows

July

$91.9B

-

$9.7B

 

U.S. Republicans left scrambling after health bill sinks again Reuters

 

Tomorrow brings Housing Starts and Building Permits.

 

The Markets:

 

Oil rose almost 1% “following a report that Saudi Arabia is considering cutting crude exports.”

 

The U.S. dollar index fell and treasuries climbed higher after Republican Senators ditched their effort to reform healthcare.

 

The Dow traded lower while the Nasdaq and S&P edged up on mixed earnings reports.

 

Among the big names making news in the market today were BNP Paribas, Bank of America, Goldman Sachs, Harley-Davidson, Netflix, and Chipotle.

 

GATA Posts:

 

 

Ronan Manly: Comex is designed to facilitate gold market rigging

TF Metals Report: JPM seems to have stopped stacking Comex metal

Proletarian Daily Mail blurts out truth that will never make Financial Times

Reuters: China may merge metals giants Minmetals and China National Gold

BNP Paribas fined $246 million over currency manipulation

 

The Statistics:

As of close of business: 7/17/2017

Gold Warehouse Stocks:

8,414,462.135

-107,761.622

Silver Warehouse Stocks:

213,583,262.807

+301,012.395

 

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

827.067

26,591,036

US$32,986m

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$5,518m

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$6,097m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$446m

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 1.775 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 211.41: No change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 10,855.49: No change from yesterday’s data.

 

The Miners:

 

Comstock’s (LODE) metallurgical column tests, Aurcana’s (AUN.V) commenced drilling, and Almaden’s (AAU) assay results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. Paramount

PZG +7.63% $1.55

2. Avino

ASM +7.14% $1.65

3. Alio Gold

ALO +5.99% $4.78

LOSERS

1. Northern Dynasty

NAK -4.11% $1.40

2. Turquoise

TRQ -2.40% $2.85

3. New Gold

NGD -1.96% $3.00

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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© Gold Seeker 2017

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