-- Published: Monday, 18 August 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1298.90 | -$5.20 |
Silver | $19.68 | +$0.06 |
XAU | 102.21 | +0.48% |
HUI | 246.09 | +0.17% |
GDM | 746.21 | +0.28% |
JSE Gold | 1490.84 | -0.78 |
USD | 81.56 | +0.14 |
Euro | 133.62 | -0.37 |
Yen | 97.52 | -0.18 |
Oil | $96.41 | -$0.94 |
10-Year | 2.387% | +0.042 |
Bond | 140.15625 | -0.875 |
Dow | 16838.74 | +1.06% |
Nasdaq | 4508.31 | +0.97% |
S&P | 1971.73 | +0.85% |
The Metals:
Gold dropped down to $1297.38 in early Asian trade before it bounced back to $1303.57 at about 6AM EST and then fell to a new session low of $1296.21 in the next four hours of trade, but it then bounced back higher into the close and ended with a loss of just 0.4%. Silver slipped to as low as $19.484 in Asia, but it then climbed to as high as $19.69 in New York and ended with a gain of 0.31%.
Euro gold fell to about €972, platinum lost $12.50 to $1439.50, and copper remained at about $3.12.
Gold and silver equities fell about 1% at the open, but they then rallied back higher for most of the rest of trade and ended with modest gains.
The Economy:
Report | For | Reading | Expected | Previous |
NAHB Housing Market Index | Aug | 55 | 53 | 53 |
Tomorrow brings CPI, Housing Starts, and Building Permits.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell on easing geopolitical worries that sent treasuries lower and the Dow, Nasdaq, and S&P higher. The U.S. dollar rose on better than expected housing data.
Among the big names making news in the market today were Mercedes-Benz, Dollar General and Family Dollar, Barclays, and Sensata and Schrader.
GATA Posts:
AngloGold to discontinue London listing to cut costs
Gold price suppression covered in USA Watchdog's interview of 'Turd Ferguson'
In Vietnam, gold sales are down but premiums are up
Koos Jansen: Global gold trade declines in the first half of 2014
The Statistics:
Activity from: 8/15/2014
Gold Warehouse Stocks: | 9,853,620.363 | +23,278.98 |
Silver Warehouse Stocks: | 176,488,519.354 | +293,615.14 |
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$33,159m |
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$5,769m |
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$466m |
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: 10,132.62: No change from yesterday’s data.
The Miners:
Banro’s (BAA) financing plan and management changes, Newcrest’s (NCM.AX) year end results, Nevsun’s (NSU) exploration results, MAG Silver’s (MVG) closed over-allotment, and Great Panther’s (GPL) new COO were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Richmont | RIC +7.88% $2.60 |
2. Allied Nevada | ANV +4.23% $3.20 |
3. Coeur | CDE +4.02% $8.28 |
LOSERS
1. Great Panther | GPL -3.13% $1.24 |
2. Timmins Gold | TGD -2.86% $1.70 |
3. McEwen | MUX -2.41% $2.84 |
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: Monday, 18 August 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Mixed
