-- Posted Friday, 30 August 2013 | | Disqus
Please Note: US and Canadian markets are closed on Monday for Labor Day and Labour Day.
| Close | Gain/Loss | On Week |
Gold | $1394.30 | -$12.80 | -0.14% |
Silver | $23.43 | -$0.42 | -2.29% |
XAU | 103.43 | -1.34% | -7.15% |
HUI | 253.80 | -1.50% | -6.91% |
GDM | 775.28 | -1.38% | -6.89% |
JSE Gold | 1304.10 | +45.09 | -2.32% |
USD | 82.06 | +0.11 | +0.76% |
Euro | 132.18 | -0.21 | -1.23% |
Yen | 101.86 | +0.19 | +0.50% |
Oil | $107.65 | -$1.15 | +1.16% |
10-Year | 2.749% | -0.002 | -2.45% |
Bond | 132.875 | -0.25 | +0.81% |
Dow | 14810.31 | -0.21% | -1.33% |
Nasdaq | 3589.87 | -0.84% | -1.86% |
S&P | 1632.97 | -0.32% | -1.84% |
The Metals:
Gold fell $14.78 to $1392.32 at about 9:30AM EST before it chopped back higher at times, but it still ended with a loss of 0.91%. Silver slipped to as low as $23.37 and ended with a loss of 1.76%.
Euro gold fell to about €1055, platinum gained $3.20 to $1518.20, and copper fell slightly to about $3.23.
Gold and silver equities fell about 2% at the open before they rebounded to see slight gains by midday, but then then fell back off in afternoon trade and ended with about 1.5% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Personal Income | July | 0.1% | 0.1% | 0.3% |
Personal Spending | July | 0.1% | 0.3% | 0.6% |
Core PCE Prices | July | 0.1% | 0.2% | 0.2% |
Chicago PMI | Aug | 53.0 | 53.0 | 52.3 |
Michigan Sentiment | Aug | 82.1 | 80.0 | 80.0 |
All of this week’s other economic reports:
Next week’s economic highlights include the ISM Index and Construction Spending on Tuesday, the Trade Balance and the fed’s Beige Book on Wednesday, ADP Employment, Initial Jobless Claims, Productivity, Unit Labor Costs, Factory Orders, and ISM Services on Thursday, and August’s jobs data on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell after Secretary of State John Kerry called for a “limited” strike against Syria.
The U.S. dollar index found slight gains as a strengthening yen was offset by a weaker euro.
Treasuries remained capped a fourth straight month of losses while the Dow, Nasdaq, and S&P fell on worries about Syria and the economy.
Among the big names making news in the market Friday were Vodafone, Salesforce, and Sinopec.
GATA Posts:
Mike Kosares: Currency and debt collapses are bigger threats than Syria
The Statistics:
Activity from: 8/29/2013
Gold Warehouse Stocks: | 7,013,224.836 | +11,633.773 |
Silver Warehouse Stocks: | 163,771,373.318 | -361,191.74 |
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 | 921.030 | 29,612,041 | US$41,285m |
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$6,205m |
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$501m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 42.52 | 1,367,113 | US$1,925m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 178.20: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,600.69: No change from yesterday’s data.
The Miners:
McEwen’s (MUX) filed technical report, Comstock’s (LODE) completed offering, Alamos Gold’s (AGI) closed acquisition of Esperanza, Avino’s (ASM) second quarter results, and Santacruz Silver’s (SCZ.V) second quarter update were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Avino | ASM +5.99% $1.43 |
2. Eurasian | EMXX +2.21% $1.39 |
3. Turquoise | TRQ +1.95% $5.22 |
LOSERS
1. Midway | MDW -9.73% $1.02 |
2. Golden Minerals | AUMN-7.94% $1.16 |
3. Tanzanian Royalty | TRX -6.48% $3.32 |
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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-- Posted Friday, 30 August 2013 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver End Slightly Lower on the Week
