-- Published: Friday, 1 August 2014 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1293.30 | +$11.20 | -1.08% |
Silver | $20.34 | -$0.03 | -1.93% |
XAU | 99.91 | +0.64% | -0.81% |
HUI | 237.15 | +1.34% | -1.17% |
GDM | 725.79 | +0.83% | -1.33% |
JSE Gold | 1475.20 | -10.46 | -1.96% |
USD | 81.34 | -0.11 | +0.38% |
Euro | 134.23 | +0.34 | -0.05% |
Yen | 97.49 | +0.22 | -0.73% |
Oil | $97.50 | -$0.67 | -4.50% |
10-Year | 2.505% | -0.051 | +1.46% |
Bond | 138.09375 | +0.6875 | -0.41% |
Dow | 16493.37 | -0.42% | -2.75% |
Nasdaq | 4352.63 | -0.39% | -2.18% |
S&P | 1925.15 | -0.29% | -2.69% |
The Metals:
Gold edged up to $1285.78 in Asia before it dropped back to $1280.48 just as this morning’s jobs data was released, but it then rose to a new session high of $1296.21 in the next couple of hours of trade and ended with a gain of 0.87%. Silver rose to as high as $20.541 at one point, but it then fell back off into the close and ended with a loss of 0.15%.
Euro gold rose to about €964, platinum gained $3 to $1458, and copper fell slightly to about $3.22.
Gold and silver equities rose about 2% in the first ten minutes of trade before they fell back towards unchanged by midday, but they then bounced back higher in afternoon trade and ended with about 1% gains.
The Economy:
Report | For | Reading | Expected | Previous |
Nonfarm Payrolls | July | 209K | 220K | 298K |
Unemployment Rate | July | 6.2% | 6.1% | 6.1% |
Hourly Earnings | July | 0.0% | 0.2% | 0.2% |
Average Workweek | July | 34.5 | 34.5 | 34.5 |
Personal Income | June | 0.4% | 0.4% | 0.4% |
Personal Spending | June | 0.4% | 0.4% | 0.3% |
PCE Prices - Core | June | 0.1% | 0.2% | 0.2% |
Michigan Sentiment | July | 81.8 | 82.0 | 81.3 |
ISM Index | July | 57.1 | 55.9 | 55.3 |
Construction Spending | June | -1.8% | 0.3% | 0.8% |
The BLS net birth/death adjustment added 80,000 payrolls to July’s data. Private Payrolls rose 198,000.
All of this week’s other economic reports:
Next week’s economic highlights include Factory Orders and ISM Services on Tuesday, the Trade Balance on Wednesday, Initial Jobless Claims and Consumer Credit on Thursday, and Productivity and Wholesale Inventories on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell on signs of waning fuel demand along with ample supplies.
The U.S. dollar index dropped on today’s worse than expected jobs report that sent treasuries higher.
The Dow, Nasdaq, and S&P fell “amid growing concern about international credit markets.”
Among the big names making news in the market Friday were LinkedIn, P&G, Scientific Games, Tesla, Vivendi, Chevron, and GoPro.
The Statistics:
Activity from: 7/31/2014
Gold Warehouse Stocks: | 8,684,253.763 | -32,724.935 |
Silver Warehouse Stocks: | 175,316,799.280 | -1,325,211.45 |
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 | 801.844 | 25,780,078 | US$33,273m |
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$5,745m |
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$464m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 41.89 | 1,346,780 | US$1,744m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 165.66: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,014.63: No change from yesterday’s data.
The Miners:
Randgold’s (GOLD) activities in Mali, AngloGold’s (AU) outlook for asset sales, and Vista Gold’s (VGZ) second quarter results were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Alamos Gold | AGI +7.17% $9.57 |
2. Eldorado | EGO +6.60% $7.91 |
3. Tanzanian Royalty | TRX +6.55% $2.44 |
LOSERS
1. Golden Minerals | AUMN -5.46% $1.125 |
2. Great Panther | GPL -4.55% $1.26 |
3. Coeur | CDE -3.21% $7.55 |
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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-- Published: Friday, 1 August 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall About 1% and 2% on the Week
