• Gold: 1,256.19 3.03
  • Silver: 16.06 0.16
  • Euro: 1.175 -0.003
  • USDX: 93.921 0.345
  • Oil: 57.31 0.16

July 20: Gold and Silver Edge Higher

Chris Mullen
|
Thursday, July 20th
 

Close

Gain/Loss

Gold

$1243.70

+$2.10

Silver

$16.30

+$0.01

XAU

83.09

+0.58%

HUI

190.32

+0.51%

GDM

620.53

+0.57%

JSE Gold

1228.45

-3.96

USD

94.28

-0.52

Euro

116.25

+1.06

Yen

89.32

-0.06

Oil

$46.79

-$0.33

10-Year

2.264%

-0.007

T-Bond

154.09375

+0.15625

Dow

21611.78

-0.13%

Nasdaq

6390.00

+0.08%

S&P

2473.45

-0.02%

 
http://goldseek.com/news/2017/7-20-2017%202-08-59%20PM.jpg

The Metals:

 

Gold fell $6.30 to $1235.30 in London before it climbed back to $1242.00 by a little after 9AM EST and then dropped back to $1237.60 in the next hour of trade, but it then jumped to a new session high of $1247.50 in late morning action and ended with a gain of 0.17%. Silver rose to as high as $16.414 and ended with a gain of 0.06%.

 

Euro gold fell to about €1070, platinum gained $6 to $924, and copper remained at about $2.72.

 

Gold and silver equities saw slight losses in the first hour of trade, but they then edged back higher into midday and ended with modest gains.

The Economy:

 

Report

For

Reading

Expected

Previous

Initial Claims

7/15

233K

245K

248K

Philadelphia Fed

July

19.5

22.0

27.6

Leading Indicators

June

0.6%

0.4%

0.2%

 

ECB sends a dovish message after rattling markets with 'taper' talk CNBC

Bill Gross warns of recession risk if highly levered economies hike rates Reuters

 

There are no major economic reports due out tomorrow.

 

The Markets:

 

Oil fell almost 1% ahead of next week’s OPEC meeting.

 

The U.S. dollar index dropped notably as the euro jumped higher “after Europe's central bank chief said officials would discuss possible changes to its bond-buying scheme this autumn.”

 

Treasuries edged higher as the Dow, Nasdaq, and S&P waffled near unchanged on political uncertainty.

 

Among the big names making news in the market today were JPMorgan, Home Depot, Exxon, J. Crew, BlackBerry, Deutsche Bank, and Sears.

 

GATA Posts:

 

 

Panic retail selling in gold and silver signals 'major bottom,' Haynes tells KWN

 

The Statistics:

As of close of business: 7/19/2017

Gold Warehouse Stocks:

8,414,462.135

-

Silver Warehouse Stocks:

213,313,350.843

-872,439.234

 

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$5,535m

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$6,122m

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 5.323 tonnes.

 

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

Silver Trust (SLV) Total Tonnes in Trust: 10,826.08: No change from yesterday’s data.

 

The Miners:

 

Sabina’s (SBB.TO) drilling and Excellon’s (EXN.TO) second quarter production results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. Tahoe Resources

TAHO +3.28% $5.67

2. Avino

ASM +3.05% $1.69

3. Sandstorm

SAND +2.66% $4.25

LOSERS

1. DRDGOLD

DRD -3.15% $3.07

2. Northern Dynasty

NAK -2.80% $1.39

3. Harmony

HMY -1.71% $1.72

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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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.

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