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Gold Seeker Closing Report: Gold and Silver End Mixed and Near Unchanged
By: Chris Mullen, Gold-Seeker.com

 -- Published: Monday, 11 August 2014 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1309.10

-$2.30

Silver

$20.04

+$0.07

XAU

102.55

+1.15%

HUI

244.33

+0.74%

GDM

745.22

+0.60%

JSE Gold

1558.92

+17.48

USD

81.45

+0.06

Euro

133.85

-0.21

Yen

97.87

-0.14

Oil

$98.01

+$0.36

10-Year

2.420%

+0.005

Bond

139.3125

-0.09375

Dow

16569.98

+0.10%

Nasdaq

4401.33

+0.70%

S&P

1936.92

+0.28%

 
 

 

The Metals:

 

Gold fell $5.91 to $1305.49 in Asia before it bounced back to $1311.30 in London and then chopped back lower in morning New York trade, but it then edged back higher in the last four hours of the day and ended with a loss of just 0.78%.  Silver slipped to as low as $19.849 in Asia, but it then rose to as high as $20.103 in New York and ended with a gain of 0.35%.

 

Euro gold rose to about €978, platinum lost $6 to $1467, and copper remained at about $3.18.

 

Gold and silver equities traded mostly slightly higher and ended with about 1% gains.

 

The Economy:

 

There were no major economic reports today.  Tomorrow brings JOLTS - Job Openings data and the Treasury Budget.

 

The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil remained firm on geopolitical and supply concerns in Iraq.

 

The U.S. dollar saw slight gains and treasuries edged lower as the Dow, Nasdaq, and S&P rose on relative calm in Ukraine.

 

Among the big names making news in the market today were Amazon, Chiquita, Dean Foods, Kinder Morgan, and Priceline.

 

GATA Posts:

 

 

TF Metals Report: Assessing another bank participation report

'China's Second Continent' describes the new colonization of Africa

Koos Jansen: Chinese gold demand 1,094 tonnes this year; silver premium at record

Money printing, Ukraine, disease make Sprott wary of stocks and bonds

 

The Statistics:

Activity from: 8/08/2014

Gold Warehouse Stocks:

9,515,688.213

+388,819.15

Silver Warehouse Stocks:

175,262,320.154

-58,520.51

 

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

795.859

25,587,648

US$33,430m

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$5,808m

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$469m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

41.89

1,346,780

US$1,744m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.795 tonnes.

 

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: No change from yesterday’s data.

 

The Miners:

 

Goldcorp’s (GG) dividend, AngloGold’s (AU) second quarter results, Kirkland’s (KGI.TO) first quarter production results, SilverCrest’s (SVLC) completed mill commissioning, and Revett’s (RVM) second quarter results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Richmont

RIC+16.28% $2.50

2.  Gold Resource

GORO +5.74% $6.08

3.  Coeur

CDE +5.40% $8.35

 

LOSERS

1.  Paramount

PZG -2.91% $1.00

2.  Primero

PPP -1.22% $7.12

3.  Eldorado

EGO -1.22% $8.10

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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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2014

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

 

 

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions.  The author of this report is not a registered financial advisor.  Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate.  The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.  Past results are not necessarily indicative of future results.  Any statements non-factual in nature constitute only current opinions, which are subject to change.  Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein.  Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.

 


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 -- Published: Monday, 11 August 2014 | E-Mail  | Print  | Source: GoldSeek.com

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