-- Published: Monday, 4 August 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1288.50 | -$4.80 |
Silver | $20.19 | -$0.15 |
XAU | 98.89 | -1.20% |
HUI | 234.44 | -1.04% |
GDM | 718.32 | -0.75% |
JSE Gold | 1492.35 | +17.15 |
USD | 81.31 | -0.03 |
Euro | 134.21 | -0.09 |
Yen | 97.51 | +0.03 |
Oil | $98.29 | +$0.41 |
10-Year | 2.491% | -0.014 |
Bond | 138.125 | +0.1875 |
Dow | 16569.28 | +0.46% |
Nasdaq | 4383.88 | +0.72% |
S&P | 1938.99 | +0.72% |
The Metals:
Gold edged up to $1295.38 in late Asian trade before it dropped down to as low as $1286.15 by early afternoon in New York and then bounced back higher at times, but it still ended with a loss of 0.37%. Silver slipped to as low as $20.152 and ended with a loss of 0.74%.
Euro gold fell to about €960, platinum gained $1 to $1459, and copper climbed a few cents to about $3.25.
Gold and silver equities fell over 1% by early afternoon and remained near that level for the rest of the day.
The Economy:
There were no major economic reports today. Tomorrow brings Factory Orders and ISM Services.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil bounced back from last week’s nearly 5% slide.
The U.S. dollar index waffled near unchanged ahead of this week’s ECB meeting.
Treasuries rose in continued reaction to last week’s jobs data that reduced expectations for an interest rate hike by the fed anytime soon.
The Dow, Nasdaq, and S&P rose in afternoon trade on easing worries about international credit after Portugal bailed out a troubled bank.
Among the big names making news in the market today were HSBC, Goldman Sachs, Warren Buffett, KKR, and Crown Resorts.
GATA Posts:
Gold industry takeovers reach three-year high as hunters feast
Bill Murphy: It's much bigger than you think
Miles Franklin's Schectman and Holter on gold market manipulation
The Statistics:
Activity from: 8/01/2014
Gold Warehouse Stocks: | 8,129,205.933 | -555,047.83 |
Silver Warehouse Stocks: | 175,806,963.537 | +490,164.257 |
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$33,252m |
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$5,721m |
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$462m |
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: 165.97: +0.31 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,014.63: No change from yesterday’s data.
The Miners:
WINNERS
1. Golden Minerals | AUMN +7.56% $1.21 |
2. Lake Shore | LSG +1.83% $1.11 |
3. Gold Fields | GFI +1.76% $4.05 |
LOSERS
1. Tanzanian Royalty | TRX -8.20% $2.24 |
2. Silver Standard | SSRI -6.74% $8.44 |
3. NovaGold | NG -5.95% $3.48 |
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: Monday, 4 August 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Lower
