-- Posted Wednesday, 21 August 2013 | | Disqus
| Close | Gain/Loss |
Gold | $1367.40 | -$3.90 |
Silver | $22.93 | -$0.07 |
XAU | 106.43 | -4.06% |
HUI | 261.55 | -4.61% |
GDM | 799.10 | -4.38% |
JSE Gold | 1447.17 | +33.71 |
USD | 81.33 | +0.42 |
Euro | 133.47 | -0.72 |
Yen | 102.30 | -0.53 |
Oil | $103.85 | -$1.26 |
10-Year | 2.855% | +0.041 |
T-Bond | 130.40625 | -0.9375 |
Dow | 14897.55 | -0.70% |
Nasdaq | 3599.79 | -0.38% |
S&P | 1642.80 | -0.58% |
The Metals:
Gold fell $11.70 to $1359.60 at about 5AM EST before it rose to as high as $1378.20 after today’s fed minutes were released, but it then fell back off into the close and ended with a loss of 0.28%. Silver slipped to $22.76 before it climbed to as high as $23.342 by a little before 3PM EST, but it then fell back off in the last hour of trade and ended with a loss of 0.3%.
Euro gold rose to about €1024, platinum gained $2.30 to $1516.50, and copper fell slightly to about $3.32.
Gold and silver equities fell over 2% in the first half hour of trade and saw over 3% losses after the release of today’s fed’s minutes before they chopped back higher at times, but they then fell to new session lows in the last minutes of trade and ended with over 4% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Existing Home Sales | July | 5.39M | 5.10M | 5.06M |
U.S. mortgage applications fall as rates push higher: MBA Reuters
Fed tapering: The math investors need to know MarketWatch
Fed mulling new reverse repos to reduce liquidity: FOMC minutes Reuters
FOMC Minutes Show Broad Support for Bernanke Tapering Timeline Bloomberg
Highlights from the Fed’s release of FOMC minutes MarketWatch
Tomorrow brings Initial Jobless Claims, Leading Economic Indicators, and the FHFA Housing Price Index.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil remained lower as the U.S. dollar index climbed higher both ahead of, and after, the release of minutes from the fed’s last meeting.
Treasuries extended lower after the release of today’s fed minutes.
The Dow, Nasdaq, and S&P ultimately ended noticeably lower on uncertainty about what the fed will do.
Among the big names making news in the market today were Fannie Mae, Target, Staples, J.C. Penney, and Lowe’s.
GATA Posts:
Gold, silver, LIBOR, energy -- and now even beer is rigged
The Statistics:
As of close of business: 8/20/2013
Gold Warehouse Stocks: | 6,982,155.621 | +1,099.92 |
Silver Warehouse Stocks: | 164,738,660.755 | -69,248.84 |
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 | 914.121 | 29,389,902 | US$40,046m |
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$6,084m |
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$8,004m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$491m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 42.53 | 1,367,248 | US$1,877m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 1.803 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 178.20: +0.60 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,555.70: +29.99 change from yesterday’s data.
The Miners:
Gold Fields’ (GFI) restructuring and AngloGold’s (AU) relaxed loan covenant were among the big stories in the gold and silver mining industry making headlines today.
LOSERS
1. Harmony | HMY -7.71% $3.83 |
2. AngloGold | AU -7.59% $13.76 |
3. DRDGOLD | DRD -7.29% $5.47 |
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
Please see Yahoo’s Mining/Metals News Wire for all of today’s mining news.
- Chris Mullen, Gold Seeker Report
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© Gold Seeker 2013
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-- Posted Wednesday, 21 August 2013 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Lower
