-- Published: Thursday, 21 August 2014 | Print | Disqus
Gold dropped $17.85 to $1273.25 by early afternoon in New York before it bounced back higher in the last few hours of trade, but it still ended with a loss of 1.07%. Silver slipped to as low as $19.32 in late Asian trade, but it then rallied back higher into the close and ended with a loss of just 0.15%.
Euro gold fell to about €962, platinum lost $7 to $1416, and copper remained at about $3.18.
Gold and silver equities fell about 2.5% by midday before they edged back higher in late trade, but they still ended with about 2% losses.
Existing Home Sales
Fed's George says U.S. economy is ready for a rate hike: CNBC Yahoo
U.S. factory activity expands at fastest pace in over four years in Aug: Markit Reuters
There are no major economic reports due out tomorrow, but there will likely be some news coming out of the fed’s meeting in Jackson Hole.
Charts Courtesy of http://finance.yahoo.com/
Oil rose on better than expected economic data that raised demand expectations.
The U.S. dollar fell and treasuries rose ahead of Yellen’s speech in Jackson Hole tomorrow.
The Dow, Nasdaq, and S&P traded mostly higher on optimism about the economy.
Among the big names making news in the market today were BofA, Dollar Tree, Sears, Family Dollar, Dollar General, Ford, and UPS.
New York Sun: The mystery of Jackson Hole
GATA Chairman Murphy to speak at Toronto conference Sept. 25-26
TF Metals Report: Just a coincidence
Activity from: 8/20/2014
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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 0.898 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 166.41: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,272.89: +44.77 change from yesterday’s data.
Franco Nevada’s (FNV) closed bought deal financing, Gold Fields (GFI) quarterly results, Alexco’s (AXU) closed bought deal financing, and Endeavour Silver’s (EXK) acquired property were among the big stories in the gold and silver mining industry making headlines today.
MDW +5.10% $1.03
RVM +5.00% $1.26
RBY +3.01% $1.37
RIC -6.02% $2.35
2. Great Panther
GPL -4.96% $1.15
3. Royal Gold
RGLD -4.93% $75.79
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: Thursday, 21 August 2014 | E-Mail | Print | Source: GoldSeek.com