• Gold: 1,304.28 -6.86
  • Silver: 17.20 -0.11
  • Euro: 1.194 -0.006
  • USDX: 91.952 0.159
  • Oil: 50.86 0.59

July 14: Gold and Silver Gain Over 1% and 2% on the Week

Chris Mullen
|
Friday, July 14th
 

Close

Gain/Loss

On Week

Gold

$1228.40

+$10.20

+1.32%

Silver

$15.95

+$0.22

+2.51%

XAU

80.80

+1.72%

+4.26%

HUI

185.91

+1.51%

+3.92%

GDM

607.39

+1.23%

+3.44%

JSE Gold

1255.82

-4.86

+3.61%

USD

95.10

-0.62

-0.95%

Euro

114.70

+0.64

+0.58%

Yen

88.85

+0.54

+1.22%

Oil

$46.54

+$0.46

+5.22%

10-Year

2.325%

-0.018

-2.56%

Bond

152.625

+0.4375

+0.56%

Dow

21637.74

+0.39%

+1.04%

Nasdaq

6312.47

+0.61%

+2.59%

S&P

2459.27

+0.47%

+1.41%

 
http://goldseek.com/news/2017/7-14-2017%202-02-06%20PM.jpg

The Metals:

 

Gold dipped to $1215.00 in Asia, but it then shot to as high as $1232.60 in early New York trade and ended with a gain of 0.84%. Silver rose to as high as $16.081 and ended with a gain of 1.4%.

 

Euro gold rose to about €1071, platinum gained $16 to $920, and copper climbed 3 cents to about $2.69.

 

Gold and silver equities rose roughly 2% in the first 15 minutes of trade and remained near that level for the rest of the day.

The Economy:

 

Report

For

Reading

Expected

Previous

Retail Sales

June

-0.2%

0.1%

-0.1%

Retail Sales ex-auto

June

-0.2%

0.2%

-0.3%

CPI

June

0.0%

0.0%

-0.1%

Core CPI

June

0.1%

0.2%

0.1%

Industrial Production

June

0.4%

0.4%

0.1%

Capacity Utilization

June

76.6%

78.8%

76.4%

Business Inventories

May

0.3%

0.3%

-0.2%

Michigan Sentiment

July

93.1

94.7

95.1

 

All of this week’s other economic reports:

Treasury Budget - June

-$90.2B v. -$88.4B

PPI - June

0.1% v. 0.0%

Core PPI - June

0.1% v. 0.2%

Initial Claims - 7/08

247K v. 250K

Wholesale Trade - May

0.4% v. -0.4%

 

Next week’s economic highlights include Empire Manufacturing on Monday, Export and Import Prices, the NAHB Housing Market Index, and Net Long-Term TIC Flows on Tuesday, Housing Starts and Building Permits on Wednesday, and Initial Jobless Claims, the Philadelphia Fed, and Leading Indicators on Thursday.

 

The Markets:

 

Oil gained 1% on “reports of supply issues in Nigeria and a higher forecast for crude demand.”

 

The U.S. dollar index fell and treasuries rose along with the Dow, Nasdaq, and S&P on weak economic data that raised doubts over future interest rate hikes.

 

Among the big names making news in the market Friday were Daimler, AMD, J.P. Morgan, Wells Fargo, Kaspersky, Citigroup, Delta, and Fiat Chrysler.

 

GATA Posts:

 

 

Russia's Sberbank begins physical gold trading on Shanghai exchange

 

The Statistics:

Activity from: 7/13/2017

Gold Warehouse Stocks:

8,522,223.757

+32.151

Silver Warehouse Stocks:

213,282,250.412

+320,588.49

 

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

828.842

26,648,087

US$32,780m

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$5,452m

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$6,025m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$441m

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 3.549 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:

 

Nevsun’s (NSU) transition period, Richmont’s (RIC) filed technical report, and McEwen’s (MUX) Q2 production results were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1. Richmont

RIC +8.45% $7.70

2. Northern Dynasty

NAK +6.43% $1.49

3. Americas Silver

USAS +5.65% $2.99

LOSERS

1. DRDGOLD

DRD -1.67% $2.95

2. Tahoe Resources

TAHO -1.65% $5.36

3. Taseko

TGB -1.55% $1.27

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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