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Gold Seeker Closing Report: Gold and Silver End Slightly Lower
By: Chris Mullen, Gold-Seeker.com

 -- 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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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2014

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

 

 

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions.  The author of this report is not a registered financial advisor.  Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate.  The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.  Past results are not necessarily indicative of future results.  Any statements non-factual in nature constitute only current opinions, which are subject to change.  Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein.  Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.

 


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 -- Published: Tuesday, 19 August 2014 | E-Mail  | Print  | Source: GoldSeek.com

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