-- Published: Tuesday, 12 August 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1309.70 | +$0.60 |
Silver | $19.96 | -$0.08 |
XAU | 103.54 | +1.40% |
HUI | 248.36 | +1.88% |
GDM | 756.72 | +1.68% |
JSE Gold | 1549.62 | -9.30 |
USD | 81.51 | +0.06 |
Euro | 133.67 | -0.18 |
Yen | 97.82 | -0.04 |
Oil | $97.37 | -$0.71 |
10-Year | 2.442% | +0.022 |
Bond | 138.9375 | -0.46875 |
Dow | 16560.54 | -0.06% |
Nasdaq | 4389.25 | -0.27% |
S&P | 1933.75 | -0.16% |
The Metals:
Gold climbed $8.43 to $1317.53 at about 10:30AM EST before it fell back to $1308.33 at about 1:30PM, but it then bounced back higher in late trade and ended with a gain of 0.05%. Silver edged up to $20.145 in Asia before it fell back to $19.873 by early afternoon in New York and then bounced back higher, but it still ended with a loss of 0.4%.
Euro gold rose to about €980, platinum lost $3 to $1464, and copper fell slightly to about $3.17.
Gold and silver equities rose about 2% by midmorning before they fell back off a bit at times, but they still ended with almost 2% gains.
The Economy:
Report | For | Reading | Expected | Previous |
JOLTS - Job Openings | June | 4.671M | - | 4.577M |
Treasury Budget | July | -$94.6B | -$96.0B | -$97.6B |
U.S. small business sentiment rises in July: NFIB Reuters
Tomorrow brings Retail Sales and Business Inventories.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell ahead of tomorrow’s supply report.
The U.S. dollar saw modest gains as the euro fell after a poor reading from Germany's ZEW survey.
Treasuries remained slightly lower after today’s $27 billion three-year note auction sold at a yield of 0.924% with a bid to cover of 3.03.
The Dow, Nasdaq, and S&P traded mostly lower on worries about Europe.
Among the big names making news in the market today were JPMorgan and Goldman Sachs, Standard Chartered, Philip Morris, and Pimco.
GATA Posts:
Banks wait on sidelines of new silver benchmark
JPMorgan joins Goldman in designing derivatives for a new generation
The Statistics:
Activity from: 8/11/2014
Gold Warehouse Stocks: | 9,736,797.463 | +221,109.25 |
Silver Warehouse Stocks: | 175,233,946.074 | -28,374.08 |
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$33,647m |
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$5,843m |
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: No change from yesterday’s data.
The Miners:
Barrick’s (ABX) responsibility report, Midway’s (MDW) updated mineral resource estimate, Turquoise Hill’s (TRQ) second quarter results, and Bear Creek’s (BCM.V) plans to commence an arbitration proceeding against the Republic of Peru were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Eldorado | EGO +4.69% $8.48 |
2. Seabridge | SA +4.65% $10.36 |
3. B2GOLD | BTG +4.49% $2.79 |
LOSERS
1. Endeavour Silver | EXK -5.92% $5.88 |
2. Great Panther | GPL -3.82% $1.26 |
3. Timmins Gold | TGD -3.33% $1.74 |
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: Tuesday, 12 August 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Mixed Again
