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GoldSeek Web

Gold Seeker Closing Report: Gold and Silver End Near Unchanged
By: Chris Mullen,

 -- Published: Wednesday, 20 August 2014 | Print  | Disqus 



















JSE Gold
































The Metals:


Gold edged down to $1291.81 at about 6:30AM EST before it bounced back to $1297.15 in the next couple of hours of trade, but it then fell to a new session low of $1288.12 after the release of today’s fed minutes and the yellow metal ended with a loss of 0.37%.  Silver slipped to as low as $19.421 in afternoon New York trade, but it then bounced back higher into the close and ended with a gain of 0.05%.


Euro gold remained at about €973, platinum lost $11 to $1423, and copper jumped 8 cents to about $3.18.


Gold and silver equities waffled near unchanged for most of the morning before they rose to see about 1% gains in early afternoon trade, but they then fell back off into the close and ended mixed.


The Economy:


Minutes from the fed’s July 30th meeting showed that they are pleased with progress in the labor market but are still cautious to raise interest rates sooner than previously indicated.


Fed notes labor market progress, but not convinced yet: minutes  Reuters

Fed Officials Said Job Gains May Bring Faster Interest-Rate Rise  Bloomberg

U.S. mortgage applications rise in latest week : MBA  Reuters


Tomorrow brings Initial Jobless Claims, Existing Home Sales, the Philadelphia Fed, and Leading Economic Indicators.


The Markets:


Charts Courtesy of


Oil remained higher after the Energy Information Administration reported that crude supplies fell 4.5 million barrels, gasoline inventories rose 585,000 barrels, and distillates fell 960,000 barrels.


The U.S. dollar added to early gains and treasuries remained slightly lower after today’s fed minutes indicated that interest rates could rise sooner if economic data comes in strong enough.


The Dow, Nasdaq, and S&P ended near unchanged in mixed trade.


Among the big names making news in the market today were Target, Lowe’s, Staples, and FedEx.


GATA Posts:



Gene Arensberg: Heckle if you want, but be prepared for anything


The Statistics:

Activity from: 8/19/2014

Gold Warehouse Stocks:



Silver Warehouse Stocks:




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




London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities




London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold




Australian Stock Exchange (ASX)

Gold Bullion Securities




Johannesburg Securities Exchange (JSE)

New Gold Debentures




Note: Change in Total Tonnes from yesterday’s data: SPDR added 1.496 tonnes.


COMEX Gold Trust (IAU) Total Tonnes in Trust: 166.41: +0.48 change from yesterday’s data.


Silver Trust (SLV) Total Tonnes in Trust: 10,228.12: No change from yesterday’s data.


The Miners:


Pretivm’s (PCG) drill results, IAMGOLD’s (IAG) exploration update, Alamos Gold’s (AGI) Environmental Impact Assessment, and Hochschild’s (HOC.L) first-half earnings were among the big stories in the gold and silver mining industry making headlines today.



1.  Allied Nevada

ANV +8.46% $3.46

2.  Seabridge

SA +6.30% $11.19

3.  Gold Fields

GFI +3.24% $4.23



1.  Almaden

AAU -3.33% $1.45

2.  Gold Resource

GORO-2.98% $5.87

3.  Richmont

RIC -2.73% $2.49

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 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. 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’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: Wednesday, 20 August 2014 | E-Mail  | Print  | Source:

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