-- Published: Wednesday, 20 August 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1291.10 | -$4.80 |
Silver | $19.50 | +$0.01 |
XAU | 101.47 | +0.23% |
HUI | 243.24 | +0.02% |
GDM | 737.10 | -0.16% |
JSE Gold | 1506.38 | +12.76 |
USD | 82.25 | +0.38 |
Euro | 132.63 | -0.57 |
Yen | 96.35 | -0.82 |
Oil | $96.07 | +$1.59 |
10-Year | 2.426% | +0.021 |
Bond | 139.625 | -0.15625 |
Dow | 16979.13 | +0.35% |
Nasdaq | 4526.47 | -0.02% |
S&P | 1986.51 | +0.25% |
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 http://finance.yahoo.com/
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: | 9,855,020.323 | - |
Silver Warehouse Stocks: | 177,334,830.254 | +1,172,514.61 |
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 | 799.187 | 25,694,670 | US$33,263m |
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$5,745m |
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$464m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 41.52 | 1,334,872 | US$1,731m |
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.
WINNERS
1. Allied Nevada | ANV +8.46% $3.46 |
2. Seabridge | SA +6.30% $11.19 |
3. Gold Fields | GFI +3.24% $4.23 |
LOSERS
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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-- Published: Wednesday, 20 August 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Near Unchanged
