-- Published: Thursday, 14 August 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1313.00 | +$1.40 |
Silver | $19.92 | +$0.08 |
XAU | 102.55 | -1.18% |
HUI | 247.60 | -0.32% |
GDM | 749.28 | -1.00% |
JSE Gold | 1518.10 | -1.06 |
USD | 81.57 | -0.04 |
Euro | 133.70 | +0.05 |
Yen | 97.62 | -0.02 |
Oil | $95.43 | -$2.16 |
10-Year | 2.400% | -0.013 |
Bond | 140.09375 | +0.625 |
Dow | 16713.58 | +0.37% |
Nasdaq | 4453.00 | +0.43% |
S&P | 1955.18 | +0.43% |
The Metals:
Gold traded mostly slightly higher in Asia before it dropped back down to $1308.83 in London and then jumped up to $1318.30 in early New York trade, but it then drifted back lower into midday and ended with a gain of just 0.11%. Silver slipped to as low as $19.803 at one point, but it then bounced back higher into the close and ended with a gain of 0.4%.
Euro gold climbed back over €982, platinum lost $1 to $1462, and copper fell a couple of cents to about $3.11.
Gold and silver equities rose almost 1% in the first half hour of trade, but they then fell back off for most of the rest of the day and ended with about 1% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 8/09 | 311K | 305K | 290K |
Export Prices | July | 0.0% | - | -0.4% |
Export Prices ex-ag. | July | 0.3% | - | -0.3% |
Import Prices | July | -0.2% | - | 0.1% |
Import Prices ex-oil | July | 0.0% | - | -0.1% |
Tomorrow brings PPI, Empire Manufacturing, Net Long-Term TIC Flows, Industrial Production, Capacity Utilization, and Michigan Sentiment.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell on weak economic data out of Europe.
The U.S. dollar traded mostly lower on higher than expected Initial Jobless Claims.
Treasuries extended higher after today’s $16 billion 30-year note auction sold at yield of 3.224% with a bid to cover of 2.6.
The Dow, Nasdaq, and S&P saw modest gains on continued calm in Ukraine.
Among the big names making news in the market today were Cisco, Ally, Shell, Wal-Mart, Amazon, and Merck.
GATA Posts:
Euro-zone economy grinds to halt even before Russia sanctions bite
Gold demand in China slumps 52% as buying frenzy subsides, WGC says
Putin says Russia should aim to sell energy in rubles
Silver price going electronic in quest for transparency
At Australian mint, history thwarts a golden opportunity
The Statistics:
Activity from: 8/13/2014
Gold Warehouse Stocks: | 9,800,254.453 | +63,456.99 |
Silver Warehouse Stocks: | 175,723,005.424 | +581,798.08 |
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 | 795.597 | 25,579,227 | US$33,589m |
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$5,829m |
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: Change in Total Tonnes from yesterday’s data: SPDR subtracted 0.262 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:
Yamana’s (AUY) filed technical report, Almaden’s (AAU) drill results, Rio Alto’s (RIOM) second quarter results, B2Gold’s (BTG) second quarter results, MAG Silver’s (MVG) second quarter results, Hecla’s (HL) final settlement payment, and Avino’s (ASM) expansion update were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. IAMGOLD | IAG +2.86% $3.96 |
2. Rio Alto | RIOM +2.63% $2.73 |
3. Revett | RVM +1.77% $1.15 |
LOSERS
1. Rubicon | RBY -7.53% $1.35 |
2. Timmins | TGD -5.52% $1.71 |
3. Pan American | PAAS-5.43%$14.29 |
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: Thursday, 14 August 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Higher
