• Gold: 1,211.22 -0.72
  • Silver: 14.16 0.02
  • Euro: 1.130 -0.002
  • USDX: 97.285 0.482
  • Oil: 56.71 0.79

July 10: Gold and Silver Edge Lower

Chris Mullen
|
Tuesday, July 10th

 

Close

Gain/Loss

Gold

$1255.50

-$2.70

Silver

$16.06

-$0.05

XAU

83.54

+0.31%

HUI

179.70

+0.49%

GDM

629.57

-0.03%

JSE Gold

1077.79

+1.72

USD

94.14

+0.04

Euro

117.47

UNCH

Yen

89.92

-0.34

Oil

$74.11

+$0.26

10-Year

2.863%

+0.002

T-Bond

145.0625

-0.0625

Dow

24919.66

+0.58%

Nasdaq

7759.20

+0.04%

S&P

2793.84

+0.35%

 
http://www.goldseek.com/news/2018/2018-07-10_14-08-56.jpg

 

The Metals:

 

Gold fell $10.80 to $1247.40 in London before it bounced back higher in New York, but it still ended with a loss of 0.21%. Silver slipped to as low as $15.905 and ended with a loss of 0.31%.

 

Euro gold fell to about €1069, platinum lost $3 to $845, and copper lost 4 cents to about $2.82.

 

Gold and silver equities waffled near unchanged and ended mixed.

 

The Economy:

 

U.S. job quits rate hits 17-year high; labor market tightening  Reuters

U.S. Job Openings Eased From a Record to 6.64 Million in May  Bloomberg

Small business is on a roll  marketplace

 

Tomorrow brings PPI and Wholesale inventories.

 

The Markets:

 

Oil edged higher on global production outages.

 

The U.S. dollar index saw slight gains and treasuries fell as the Dow, Nasdaq, and S&P rose on positive company news.

 

Among the big names making news in the market today were Tesla, PepsiCo, Boeing, Nordstrom, and Stitch Fix.

 

GATA Posts:

 

 

Sound Money Index of states for 2018 announced

 

The Statistics:

As of close of business: 7/9/2018

Gold Warehouse Stocks:

8,754,555.481

-

Silver Warehouse Stocks:

279,544,928.289

+593,056.825

 

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

800.770

25,745,550

US$32,270m

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$5,580m

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$6,161m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$451m

 Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.473 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 266.37: +0.15 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,113.38: +26.34 change from yesterday’s data.

 

The Miners:

 

Paramount’s (PZG) filed technical report, Great Panther’s (GPL) Second Quarter production results, and Endeavour Silver’s (EXK) Second Quarter production results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Eurasian

EMX +6.21% $1.09

2.  Coeur

CDE +2.92% $8.45

3.  New Gold

NGD +2.88% $2.14

 

LOSERS

1.  Endeavour Silver

EXK -5.44% $3.13

2.  Fortuna

FSM -3.56% $5.69

3.  Buenaventura

BVN-2.71% $13.26

Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.

 

- Chris Mullen, Gold Seeker Report

 

- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

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

© Gold Seeker 2018

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.

No votes yet

Article Comments

Sponsored Links

Live SilverSeek Map