• Gold: 1,254.55 0.26
  • Silver: 16.46 -0.02
  • Euro: 1.164 -0.003
  • USDX: 94.01 0.152
  • Oil: 46.37 0.52

July 5: Gold and Silver End Mixed

Chris Mullen
|
Wednesday, July 5th
 

Close

Gain/Loss

Gold

$1225.30

+$5.00

Silver

$16.03

-$0.11

XAU

79.87

+1.08%

HUI

184.26

+1.43%

GDM

604.40

+0.55%

JSE Gold

1244.66

+59.56

USD

96.27

+0.07

Euro

113.45

-0.20

Yen

88.33

+0.12

Oil

$45.13

-$1.94

10-Year

2.328%

-0.020

T-Bond

153.375

+0.28125

Dow

21478.17

-0.01%

Nasdaq

6150.86

+0.67%

S&P

2432.54

+0.15%

 
http://goldseek.com/news/2017/7-5-2017%202-03-32%20PM.jpg

The Metals:

 

Gold edged up to $1228.80 in Asia before it fell back to $1217.60 in London, but it then bounced back higher in New York and ended with a gain of 0.41% from Monday. Silver rose to as high as $16.219 before it fell back to $15.881 and then also edged back higher at times, but it still ended with a loss of 0.68%.

 

Euro gold rose to about €1180, platinum gained $4.75 to $909, and copper fell a few cents to about $2.66.

 

Gold and silver equities waffled near unchanged and ended about 1% higher.

The Economy:

 

Report

For

Reading

Expected

Previous

Factory Orders

May

-0.8%

-0.5%

-0.3%

 

Fed minutes suggest increasing tensions on inflation shortfall Reuters

Fed Officials Divided on When to Begin Balance-Sheet Unwind Bloomberg

Illinois remains on brink of becoming first state rated junk, but does pass a budget MarketWatch

 

Tomorrow brings ADP Employment, Initial Jobless Claims, the Trade Balance, and ISM Services.

 

The Markets:

 

Oil fell over 4% “after Russia ruled out any proposals to deepen the OPEC-led production cuts.”

 

The U.S. dollar index traded mostly higher along with treasuries on geopolitical tensions and steady fed minutes.

 

The Dow, Nasdaq, and S&P waffled near unchanged on political uncertainty.

 

Among the big names making news in the market today were Monte Paschi, Volvo, Airbus, Worldpay, and O’Reilly.

 

GATA Posts:

 

 

Of course this would never happen with gold -- or no one would ever dare to ask

Tax hike in India could boost illegal bullion, jewelry sales and smuggling

Russian academic and political leaders listen to Hugo Salinas Price about silver

Despite lousy sentiment, gold and silver are doing well this year, Turk tells KWN

 

The Statistics:

As of close of business: 7/3/2017

Gold Warehouse Stocks:

8,616,722.334

-

Silver Warehouse Stocks:

210,363,885.802

+1,426,403.08

 

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

846.289

27,209,049

US$33,190m

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$5,431m

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$6,000m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$439m

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 6.212 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 210.35: No change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 10,562.90: No change from yesterday’s data.

 

The Miners:

 

Tanzanian Royalty’s (TRX) comments on legislative trends in Tanzania, Goldcorp’s (GG) Sustainability Report, and Sandstorm Gold’s (SAND) second quarter production and drill results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. Gold Fields

GFI +4.40% $3.56

2. AngloGold

AU +3.91% $9.84

3. Seabridge

SA +3.83% $10.85

LOSERS

1. Avino

ASM -8.18% $1.46

2. Richmont

RIC -4.03% $7.15

3. Silvercorp

SVM -3.27% $2.96

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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