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Gold Seeker Closing Report: Gold and Silver End Slightly Lower
By: Chris Mullen, Gold-Seeker.com

 -- Published: Monday, 25 August 2014 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1276.20

-$4.20

Silver

$19.37

-$0.11

XAU

98.07

-1.38%

HUI

234.67

-1.44%

GDM

710.36

-1.48%

JSE Gold

1482.20

-5.73

USD

82.54

+0.21

Euro

131.95

-0.50

Yen

96.17

-0.06

Oil

$93.35

-$0.30

10-Year

2.387%

-0.016

Bond

140.78125

+0.34375

Dow

17076.87

+0.44%

Nasdaq

4557.34

+0.41%

S&P

1997.94

+0.48%

 
 

 

The Metals:

 

Gold dipped down to $1274.40 in early Asian trade before it popped back to $1280.75 in London and then drifted back lower by late morning in New York, but it then bounced back higher in early afternoon action and ended with a loss of just 0.33%.  Silver slipped to as low as $19.333 and ended with a loss of 0.56%.

 

CME Opens Electronic Futures Trading After 4-Hour Delay  Bloomberg

 

Euro gold remained at about €967, platinum lost $5 to $1413, and copper climbed a couple of cents to about $3.22.

 

Gold and silver equities fell about 1.5% by late morning and remained near that level for the rest of the day.

 

The Economy:

 

Report

For

Reading

Expected

Previous

New Home Sales

July

412K

427K

422K

 

Tomorrow brings Durable Goods Orders, the Case-Shiller 20-city Index, the FHFA Housing Price Index, and Consumer Confidence.

 

The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil saw slight losses on relatively calm geopolitics.

 

The U.S. dollar rose as the euro fell on disappointing economic data out of Germany.

 

Treasuries climbed higher on poor housing data and expectations for more ECB stimulus.

 

The Dow, Nasdaq, and S&P found decent gains on deal making news.

 

Among the big names making news in the market today were Roche and InterMune, Oak Hill and Berlin Packaging, and Burger King and Tim Hortons.

 

GATA Posts:

 

 

James McShirley: Silver is almost always knocked down at 6 p.m. ET

Toby Connor: Manipulation negates technical analysis of gold market

Donlin gold mine in Alaska brings hope of jobs -- and fear of destruction

 

The Statistics:

Activity from: 8/22/2014

Gold Warehouse Stocks:

9,863,400.909

+3,558.00

Silver Warehouse Stocks:

178,898,067.274

+704,289.87

 

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$32,842m

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$458m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

41.52

1,334,785

US$1,705m

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:

 

WINNERS

1.  Gold Resource

GORO +3.28% $5.98

2.  Richmont

RIC +2.99% $2.41

3.  Revett

RVM +0.82% $1.23

 

LOSERS

1.  Solitario

XPL -9.21% $1.38

2.  Avino

ASM -7.58% $1.95

3.  B2Gold

BTG -4.02% $2.39

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 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.

 


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 -- Published: Monday, 25 August 2014 | E-Mail  | Print  | Source: GoldSeek.com

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