-- Published: Wednesday, 6 August 2014 | Print | Disqus
Gold saw slight gains in Asia and London before it jumped up to $1309.30 at about 10:30AM EST and then chopped back lower at times, but it still ended with a gain of 1.42%. Silver surged to as high as $20.076 and ended with a gain of 1.16%.
Euro gold rose above €976, platinum gained $9 to $1459, and copper fell 4 cents to about $3.17.
Gold and silver equities rose over 2% at the open and remained near that level for the rest of the day.
Tomorrow brings Initial Jobless Claims and Consumer Credit.
Charts Courtesy of http://finance.yahoo.com/
Oil erased early gains after the Energy Information Administration reported that crude inventories fell 1.8 million barrels, gasoline inventories fell 4.4 million barrels, and distillates fell 1.8 million barrels.
The U.S. dollar index fell as the yen rose on worries about Ukraine that sent treasuries higher.
The Dow, Nasdaq, and S&P ended near unchanged in mixed trade.
Among the big names making news in the market today were BofA, Sprint and T-Mobile, Fox and Time Warner, Mondelez, Walgreen, and Eagle Bulk Shipping.
Economic data doesn't match declining living conditions, Sprott says
Activity from: 8/05/2014
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Johannesburg Securities Exchange (JSE)
New Gold Debentures
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 165.93: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,010.25: No change from yesterday’s data.
Richmont’s (RIC) closed transaction, Randgold’s (GOLD) tightened health precautions, Timmins Gold’s (TGD) AGM results, Midway’s (MDW) second quarter results, and Claude’s (CGR) second quarter results were among the big stories in the gold and silver mining industry making headlines today.
1. Rio Alto
RIOM +8.41% $2.45
SVLC +6.06% $2.10
AUQ +5.79% $4.29
LODE -1.88% $1.57
RVM -1.62% $1.21
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: Wednesday, 6 August 2014 | E-Mail | Print | Source: GoldSeek.com