-- Published: Wednesday, 13 August 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1311.60 | +$1.90 |
Silver | $19.84 | -$0.12 |
XAU | 103.79 | -0.02% |
HUI | 249.22 | -0.05% |
GDM | 759.70 | +0.13% |
JSE Gold | 1519.16 | -30.46 |
USD | 81.61 | +0.10 |
Euro | 133.65 | -0.02 |
Yen | 97.63 | -0.17 |
Oil | $97.59 | +$0.22 |
10-Year | 2.413% | -0.029 |
Bond | 139.4375 | +0.46875 |
Dow | 16651.80 | +0.55% |
Nasdaq | 4434.12 | +1.02% |
S&P | 1946.72 | +0.67% |
The Metals:
Gold dropped $4.76 to $1304.94 by a little after 8AM EST before it jumped up to $1314.94 in the next few hours of trade and then chopped back lower at times, but it still ended with a gain of 0.15%. Silver slipped to as low as $19.714 and ended with a loss of 0.6%.
Euro gold rose to about €981, platinum lost $1 to $1463, and copper fell 4 cents to about $3.13.
Gold and silver equities waffled near unchanged and ended mixed.
The Economy:
Report | For | Reading | Expected | Previous |
Retail Sales | July | 0.0% | 0.3% | 0.2% |
Retail Sales ex-auto | July | 0.1% | 0.3% | 0.4% |
Business Inventories | June | 0.4% | 0.4% | 0.5% |
U.S. mortgage applications fall in latest week: MBA Reuters
Tomorrow brings Initial Jobless Claims and Export and Import Prices.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ultimately turned slightly higher after the Energy Information Administration reported that oil supplies rose 1.4 million barrels, gasoline inventories fell 1.2 million barrels, and distillates fell 2.4 million barrels.
The U.S. dollar ended with modest gains in mixed trade.
Treasuries rose on worse than expected economic data that kept interest rate expectations down and sent the Dow, Nasdaq, and S&P higher.
Among the big names making news in the market today were Land Rover, FleetCor and Comdata, Amazon, King, Deere, Time Warner, and Macy’s.
GATA Posts:
No interest rate rise in UK this year as Bank of England slashes wage growth forecast
Bloomberg notes that India's gold import limits are currency market intervention
Koos Jansen: Silver scarce in Shanghai
The Statistics:
Activity from: 8/12/2014
Gold Warehouse Stocks: | 9,736,797.463 | - |
Silver Warehouse Stocks: | 175,141,207.344 | -92,738.73 |
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$33,551m |
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$5,824m |
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$471m |
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:
Kinross Gold’s (KGC) expiring warrants, Pretivm’s (PVG) exercised over-allotment option, Santacruz Siler’s (SCZ.TO) new COO, and First Majestic’s (AG) second quarter results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Timmins | TGD +4.02% $1.81 |
2. Seabridge | SA +3.47% $10.72 |
3. Solitario | XPL +2.68% $1.53 |
LOSERS
1. Fortuna | FSM -6.77% $5.37 |
2. First Majestic | AG -5.41% $10.36 |
3. Richmont | RIC -4.02% $2.39 |
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, 13 August 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Mixed Yet Again
