-- Published: Tuesday, 19 August 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1295.90 | -$3.00 |
Silver | $19.49 | -$0.19 |
XAU | 101.59 | -0.84% |
HUI | 244.12 | -1.00% |
GDM | 740.98 | -0.86% |
JSE Gold | 1493.62 | +2.78 |
USD | 81.87 | +0.31 |
Euro | 133.22 | -0.41 |
Yen | 97.20 | -0.30 |
Oil | $94.48 | -$1.93 |
10-Year | 2.405% | +0.018 |
Bond | 139.90625 | -0.25 |
Dow | 16919.59 | +0.48% |
Nasdaq | 4527.51 | +0.43% |
S&P | 1981.60 | +0.50% |
The Metals:
Gold saw slight gains in Asia before it fell back to $1293.89 by late morning in New York, but it then bounced back higher in afternoon trade and ended with a loss of just 0.23%. Silver slipped to as low as $19.388 and ended with a loss of 0.97%.
Euro gold rose to about €973, platinum lost $5.50 to $1434, and copper fell a couple of cents to about $3.10.
Gold and silver equities fell over 1% by late morning before they bounced back higher in early afternoon trade, but they still ended with modest losses on the day.
The Economy:
Report | For | Reading | Expected | Previous |
CPI | July | 0.1% | 0.1% | 0.3% |
Core CPI | July | 0.1% | 0.1% | 0.1% |
Housing Starts | July | 1093K | 964K | 945K |
Building Permits | July | 1052K | 1001K | 973K |
Tomorrow brings minutes from the fed’s July 30th meeting.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell as the U.S. dollar rose on better than expected housing data that sent treasuries lower and the Dow, Nasdaq, and S&P higher.
Among the big names making news in the market today were Microsoft, PetSmart BHP, Home Depot, Verizon, and Sprint.
GATA Posts:
First Briton pleads guilty to Libor rigging
Reuters: China allows 3 more banks, including Standard Chartered, to import gold
Koos Jansen: East Asia geared up for renminbi gold trading
This is what gold price suppression does to the environment in Peru and elsewhere
Randgold CEO just shrugs as gold mining industry produces more metal at a loss
Thai traders say spot gold exchange requires more study
Grant Williams: Thinker, trader, holder. Why?
The Statistics:
Activity from: 8/18/2014
Gold Warehouse Stocks: | 9,855,020.323 | +1,399.96 |
Silver Warehouse Stocks: | 176,162,315.644 | -326,203.71 |
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 | 797.691 | 25,646,569 | US$33,239m |
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$5,749m |
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$465m |
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 added 2.094 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 165.93: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,228.12: +95.5 change from yesterday’s data.
The Miners:
Midway’s (MDW) Board appointment, Gold Fields’ (GFI) sold project stake, and Silvercorp’s (SVM) updated National Instrument ("NI") 43-101 Technical Report were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Timmins | TGD +1.76% $1.73 |
2. Comstock | LODE +1.27% $1.59 |
3. New Gold | NGD +1.27% $6.38 |
LOSERS
1. Alamos | AGI -4.37% $9.40 |
2. Primero | PPP -2.77% $6.68 |
3. Rubicon | RBY -2.21% $1.33 |
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, 19 August 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Lower
