-- Published: Friday, 22 August 2014 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1280.40 | +$3.10 | -1.82% |
Silver | $19.48 | +$0.01 | -0.71% |
XAU | 99.46 | -0.20% | -2.45% |
HUI | 238.69 | -0.30% | -2.78% |
GDM | 722.60 | -0.16% | -2.84% |
JSE Gold | 1487.93 | -1.48 | -0.25% |
USD | 82.33 | +0.17 | +1.12% |
Euro | 132.40 | -0.42 | -1.18% |
Yen | 96.22 | -0.10 | -1.55% |
Oil | $93.60 | -$0.36 | -3.85% |
10-Year | 2.403% | -0.004 | +2.47% |
Bond | 140.50 | +0.4375 | -0.35% |
Dow | 17001.22 | -0.22% | +2.03% |
Nasdaq | 4538.55 | +0.14% | +1.65% |
S&P | 1988.41 | -0.20% | +1.71% |
The Metals:
Gold edged up to $1282.88 in London before it dropped back to $1274.60 in late morning New York trade, but it then jumped back higher midday and ended with a gain of 0.24%. Silver climbed up to $19.58 before it dropped back to $19.322 and then also rebounded, but it ended with a gain of just 0.05%.
Euro gold rose to about €967, platinum gained $2 to $1418, and copper climbed a couple of cents to about $3.20.
Gold and silver equities waffled near unchanged and ended with slight losses.
The Economy:
“The economy has made considerable progress in recovering from the largest and most sustained loss of employment” since the Great Depression, Yellen said today in a speech at the Kansas City Fed’s annual economics conference in Jackson Hole, Wyoming. Even so, she underscored the Federal Open Market Committee statement last month that “underutilization of labor resources still remains significant.”
All of this week’s economic reports:
NAHB Housing Market Index - August | 55 v. 53 |
Next week’s economic highlights include New Home Sales on Monday, Durable Goods Orders, the Case-Shiller 20-city Index, the FHFA Housing Price Index, and Consumer Confidence on Tuesday, Initial Jobless Claims, GDP, and Pending Home Sales on Thursday, and Personal Income and Spending, Core PCE Prices, Chicago PMI, and Michigan Sentiment on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell on the outlook for ample supplies while the U.S. dollar index rose on remarks from Yellen that were not as dovish as many expected.
Treasuries saw slight gains as the Dow, Nasdaq, and S&P waffled near unchanged on uncertain commentary out of Jackson Hole.
Among the big names making news in the market Friday were Salesforce, Gap, T-Mobile and Sprint, and GameStop.
GATA Posts:
New Orleans conference will debate gold market manipulation
New York Sun: Krugman's kryptonite
China gold exchange gains traction as yuan reforms stir interest
U.S. Mint platinum coins bypassed in rush for gold
The Statistics:
Activity from: 8/21/2014
Gold Warehouse Stocks: | 9,859,842.909 | +51,102.48 |
Silver Warehouse Stocks: | 178,193,777.404 | +1,114,387.58 |
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$32,843m |
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$5,686m |
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$459m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 41.52 | 1,334,858 | US$1,729m |
Note: No change in Total Tonnes from yesterday’s data.
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: No change from yesterday’s data.
The Miners:
First Majestic’s (AG) plans to list on the Mexican stock exchange and Hecla’s (HL) preferred dividend were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Great Panther | GPL +3.48% $1.19 |
2. Gold Fields | GFI +2.16% $4.25 |
3. Almaden | AAU +2.14% $1.43 |
LOSERS
1. Golden Minerals | AUMN-4.35% $1.10 |
2. Revett | RVM -3.17% $1.22 |
3. Midway | MDW -2.43% $1.00 |
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: Friday, 22 August 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Almost 2% and 1% on the Week
