-- Published: Friday, 8 August 2014 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1311.40 | -$0.20 | +1.40% |
Silver | $19.97 | +$0.01 | -1.82% |
XAU | 101.26 | +0.17% | +1.35% |
HUI | 242.46 | +0.27% | +2.24% |
GDM | 740.35 | +0.06% | +2.01% |
JSE Gold | 1541.44 | +21.02 | +4.49% |
USD | 81.39 | -0.11 | +0.06% |
Euro | 134.13 | +0.50 | -0.07% |
Yen | 97.98 | +0.02 | +0.50% |
Oil | $97.56 | +$0.22 | +0.06% |
10-Year | 2.415% | -0.009 | -3.59% |
Bond | 139.375 | +0.125 | +0.93% |
Dow | 16553.93 | +1.13% | +0.37% |
Nasdaq | 4370.92 | +0.83% | +0.42% |
S&P | 1931.59 | +1.15% | +0.33% |
The Metals:
Gold climbed $11.05 to $1322.65 in Asia before it dropped back to $1307.52 in London, but it then bounced back higher in New York and ended with a loss of just 0.015%. Silver rose to as high as $20.161 before it slipped back to $19.865 at one point, but it then edged back higher in late trade and ended with a gain of 0.05%.
Euro gold fell to about €977, platinum remained at $1473, and copper remained at about $3.18.
Gold and silver equities rose over 1% in the first half hour of trade, but they then fell back to about unchanged by midafternoon and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Productivity | Q2 | 2.5% | 1.4% | -4.5% |
Unit Labor Costs | Q2 | 0.6% | 2.0% | 11.8% |
Wholesale Inventories | June | 0.3% | 0.4% | 0.3% |
All of this week’s other economic reports:
Next week’s economic highlights include JOLTS - Job Openings data and the Treasury Budget on Tuesday, Retail Sales and Business Inventories on Wednesday, Initial Jobless Claims and Export and Import Prices on Thursday, and PPI, Empire Manufacturing, Net Long Term TIC Flows, Industrial Production, Capacity Utilization, and Michigan Sentiment on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ended slightly higher in mixed trade as easing worries about Ukraine were offset by news of U.S. air strikes in Iraq.
The U.S. dollar index fell as the yen and Swiss franc rose on safe haven buying.
Treasuries rose on concern about Iraq while the Dow, Nasdaq, and S&P climbed higher on de-escalating tensions in Ukraine.
Among the big names making news in the market Friday were Pfizer, Lululemon, and McDonald’s.
GATA Posts:
Financial system 'booby-trapped' with leverage, Stockman warns
Alasdair Macleod: No market crashes anymore, just currency risk
The Statistics:
Activity from: 8/7/2014
Gold Warehouse Stocks: | 9,126,869.063 | +3,301.29 |
Silver Warehouse Stocks: | 175,320,840.664 | +509,121.177 |
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 | 797.654 | 25,645,376 | US$33,570m |
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$5,826m |
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$470m |
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: 165.93: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,101.29: +67.16 change from yesterday’s data.
The Miners:
WINNERS
1. Gold Resource | GORO +6.88% $5.75 |
2. Coeur | CDE +4.05% $7.97 |
3. Nevsun | NSU +3.38% $3.98 |
LOSERS
1. Allied Nevada | ANV -4.59% $3.12 |
2. Primero | PPP -4.12% $7.21 |
3. Solitario | XPL -4.03% $1.43 |
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, 8 August 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold Gains Over 1% on the Week While Silver Slips Nearly 2%
