-- Published: Thursday, 21 August 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1277.30 | -$13.80 |
Silver | $19.47 | -$0.03 |
XAU | 99.17 | -2.15% |
HUI | 238.83 | -1.99% |
GDM | 722.16 | -2.25% |
JSE Gold | 1489.41 | -16.97 |
USD | 82.16 | -0.09 |
Euro | 132.80 | +0.20 |
Yen | 96.32 | -0.07 |
Oil | $93.96 | +$0.51 |
10-Year | 2.407% | -0.019 |
Bond | 140.09375 | +0.40625 |
Dow | 17039.56 | +0.36% |
Nasdaq | 4532.10 | +0.12% |
S&P | 1992.38 | +0.30% |
The Metals:
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.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 8/16 | 298K | 308K | 312K |
Existing Home Sales | July | 5.15M | 5.00M | 5.03M |
Philadelphia Fed | Aug | 28.0 | 15.5 | 23.9 |
Leading Indicators | July | 0.9% | 0.7% | 0.6% |
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.
The Markets:
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.
GATA Posts:
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
The Statistics:
Activity from: 8/20/2014
Gold Warehouse Stocks: | 9,808,740.429 | -46,279.894 |
Silver Warehouse Stocks: | 177,079,389.824 | -255,440.43 |
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 | 800.085 | 25,723,530 | US$32,792m |
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$5,671m |
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$458m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 41.52 | 1,334,858 | US$1,729m |
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.
The Miners:
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.
WINNERS
1. Midway | MDW +5.10% $1.03 |
2. Revett | RVM +5.00% $1.26 |
3. Rubicon | RBY +3.01% $1.37 |
LOSERS
1. Richmont | 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
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
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.
| Digg This Article
-- Published: Thursday, 21 August 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall With the Dollar
