-- 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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-- Published: Monday, 25 August 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Lower
