• Gold: 1,280.13 -5.29
  • Silver: 16.96 -0.07
  • Euro: 1.177 -0.000
  • USDX: 93.612 0.126
  • Oil: 52.42 0.46

July 21: Gold and Silver Gain Over 2% and 3% on the Week

Chris Mullen
|
Friday, July 21st

Please Note: There will not be any Gold Seeker Reports for the next few weeks.

 

Close

Gain/Loss

On Week

Gold

$1254.30

+$10.60

+2.11%

Silver

$16.48

+$0.18

+3.32%

XAU

83.63

+0.65%

+3.50%

HUI

191.80

+0.78%

+3.17%

GDM

622.75

+0.33%

+2.53%

JSE Gold

1230.42

+1.97

-2.02%

USD

93.93

-0.35

-1.23%

Euro

116.71

+0.46

+1.75%

Yen

90.01

+0.69

+1.31%

Oil

$45.77

-$1.15

-1.65%

10-Year

2.239%

-0.025

-3.70%

Bond

154.65625

+0.59375

+1.33%

Dow

21580.07

-0.15%

-0.27%

Nasdaq

6387.75

-0.04%

+1.19%

S&P

2472.54

-0.04%

+0.54%

 
http://goldseek.com/news/2017/7-21-2017%202-01-21%20PM.jpg

The Metals:

 

Gold rose throughout most of world trade and ended near its midafternoon high of $1255.70 with a gain of 0.85%. Silver rose to as high as $16.522 and ended with a gain of 1.1%.

 

Euro gold rose to about €1075, platinum gained $8 to $932, and copper remained at about $2.72.

 

Gold and silver equities gained roughly 1% at the open before they drifted back lower at times, but they still ended with modest gains on the day.

The Economy:

 

Anxiety Over the Debt Ceiling Is Showing Up in Treasury Bills Bloomberg

Investors Underestimate Fed Unwind Risk, UBP's Villamin Says Bloomberg

That was fun; now comes the slowdown Reuters

 

All of this week’s other economic reports:

 

Leading Indicators - June

0.6% v. 0.2%

Philadelphia Fed - July

19.5 v. 27.6

Initial Claims - 7/15

233K v. 248K

Building Permits - June

1.254M v. 1.168M

Housing Starts - June

1.215M v. 1.122M

NAHB Housing Market Index - July

64 v. 66

Import Prices - June

-0.2% v. -0.1%

Import Prices ex-oil - June

0.1% v. 0.0%

Export Prices - June

-0.2% v. -0.5%

Export Prices ex-ag. - June

0.0% v. -0.4%

Empire Manufacturing - July

9.8 v. 19.8

 

The Markets:

 

Oil fell over 2% more in anticipation of next week’s OPEC meeting.

 

The U.S. dollar index dropped again as the euro continued to rise in reaction to yesterday’s ECB meeting.

 

Treasuries found decent gains as the Dow, Nasdaq, and S&P slipped on political unrest.

 

Among the big names making news in the market Friday were Plug Power, Bank of America, Amazon, GE, Ford, Barclays, and Santander.

 

GATA Posts:

 

 

Greg Ip: Markets urge Fed to leave them alone

You can't lose if you join GATA at the New Orleans Investment Conference

 

The Statistics:

Activity from: 7/20/2017

Gold Warehouse Stocks:

8,414,462.135

-

Silver Warehouse Stocks:

213,447,269.516

+133,918.673

 

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

816.125

26,239,223

US$32,495m

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$5,555m

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$6,145m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$450m

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: 211.86: +0.45 change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 10,796.67: -29.41 change from yesterday’s data.

 

The Miners:

 

WINNERS

1. Yamana

AUY +3.15% $2.62

2. Alamos Gold

AGI +2.63% $7.02

3. Paramount

PZG +2.61% $1.57

LOSERS

1. Alexco

AXU -2.94% $1.32

2. Northern Dynasty

NAK -2.16% $1.36

3. Nevsun

NSU -2.00% $2.45

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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