• Gold: 1,204.50 0.96
  • Silver: 14.26 0.02
  • Euro: 1.176 0.008
  • USDX: 94.04 -0.497
  • Oil: 70.57 -0.41

July 12: Gold and Silver Gain with Stocks

Chris Mullen
|
Thursday, July 12th

 

Close

Gain/Loss

Gold

$1247.10

+$4.90

Silver

$15.94

+$0.14

XAU

81.11

+0.16%

HUI

174.82

+0.17%

GDM

616.94

+0.43%

JSE Gold

1055.99

-16.37

USD

94.78

+0.04

Euro

116.73

-0.02

Yen

88.89

-0.38

Oil

$70.33

-$0.05

10-Year

2.849%

+0.009

T-Bond

145.34375

-0.125

Dow

24924.89

+0.91%

Nasdaq

7823.92

+1.39%

S&P

2798.29

+0.87%

 
http://www.goldseek.com/news/2018/2018-07-12_14-03-44.jpg

 

The Metals:

 

Gold gained $6.30 to $1248.50 by midday in New York before it chopped back lower into the close, but it still ended with a gain of 0.39%. Silver rose to as high as $15.989 and ended with a gain of 0.89%.

 

Euro gold rose above €1068, platinum gained $12 to $839, and copper climbed 3 cents to about $2.77.

 

Gold and silver equities rose roughly 1% by late morning before they drifted back lower, but they still ended with modest gains.

 

The Economy:

 

U.S. Budget Deficit Jumps in First Nine Months of Fiscal Year  Bloomberg

Home prices are high. What could cool them down?  Usatoday

U.S. inflation steadily firming; labor market strong  Reuters

Consumer inflation hits 6-year high, CPI shows  MarketWatch

 

Tomorrow brings Consumer sentiment.

 

The Markets:

 

Oil ended slightly lower after “the International Energy Agency hinted at an coming slowdown in crude demand and revealed an uptick in global supplies.”

 

The U.S. dollar index traded mixed on steady economic data.

 

Treasuries edged lower as the Dow, Nasdaq, and S&P gained roughly 1% on expectations for strong earnings reports.

 

Among the big names making news in the market today were CVS-Aetna, J.P. Morgan, Sky, Netflix, Tesla, Broadcom, and Intel.

 

GATA Posts:

 

 

Former Barclays trader found guilty of rigging interest rate

May's gold output in South Africa falls most since February 2017

 

The Statistics:

As of close of business: 7/11/2018

Gold Warehouse Stocks:

8,658,102.481

-96,453.00

Silver Warehouse Stocks:

280,469,576.137

+936,836.11

 

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

799.018

25,689,236

US$32,002m

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$5,542m

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$6,125m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$447m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 266.07: -0.30 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,130.93: +17.55 change from yesterday’s data.

 

The Miners:

 

Freeport’s (FCX) Heads of Agreement 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.  Coeur

CDE +2.61% $8.27

2.  Hecla

HL +2.05% $3.49

3.  Eldorado

EGO +1.90% $1.07

 

LOSERS

1.  Sibanye

SBGL -3.31% $2.34

2.  Alio Gold

ALO -2.68% $1.45

3.  Americas Silver

USAS -2.57% $3.03

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

 

- Chris Mullen, Gold Seeker Report

 

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

© Gold Seeker 2018

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