Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Closing Report: Gold Gains While Stocks Struggle Higher
By: Chris Mullen, Gold Seeker Report

It’s Lose-Lose For The Fed And For Everyone
By: Dave Kranzler

From China, translated from the Chinese: 'GATA is not wrong'
By: Chris Powell

Michael Pento: Finally, Corporate Stock Buybacks Blow Up
By: John Rubino

The New Safe Haven: Gold Stocks!
By: Stewart Thomson

Stock Market Hangs on Edge of Very Big Cliff
By: David Haggith

Will gold and silver miners join the lawsuits against JPMorganChase?
By: Chris Powell

The Surprising Major Demand Factor That Drives The Gold Price
By: Steve St. Angelo

Why Do Investors Tolerate It
By: Keith Weiner

Watch This Chart to Get the Jump on the Fed’s Big Announcement
By: Rick Ackerman

 
Search

GoldSeek Web

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

 -- Published: Wednesday, 27 August 2014 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1282.00

-$0.40

Silver

$19.44

+$0.04

XAU

100.40

-0.13%

HUI

240.22

-0.12%

GDM

724.37

-0.06%

JSE Gold

1507.69

+13.14

USD

82.45

-0.20

Euro

131.93

+0.25

Yen

96.27

+0.18

Oil

$93.88

+$0.02

10-Year

2.361%

-0.030

Bond

141.1875

+0.65625

Dow

17122.01

+0.09%

Nasdaq

4569.62

-0.02%

S&P

2000.12

+0.00%

 
 

 

The Metals:

 

Gold edged up to $1287.27 at about 6:20AM EST before it fell back to $1281.30 by late morning in New York, but it then bounced back higher in afternoon trade and ended with a loss of just 0.03%.  Silver rose to as high as $19.505 and ended with a gain of 0.21%.

 

Euro gold fell to about €972, platinum gained $1 to $1415, and copper fell slightly to about $3.18.

 

Gold and silver equities waffled near unchanged and ended with minor losses.

 

The Economy:

 

CBO Sees Wider U.S. Deficit as Slower Growth Cuts Revenue  Bloomberg

U.S. mortgage applications rise in latest week: MBA  Reuters

 

Tomorrow brings Initial Jobless Claims, GDP, and Pending Home Sales.

 

The Markets:

 

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

 

Oil initially fell after the EIA reported that crude inventories fell 2.1 million barrels, gasoline inventories fell 1 million barrels, and distillates rose 1.3 million barrels, but it then rallied back higher into the close and ended with a minor gain on geopolitical worries.

 

The U.S. dollar fell as the euro bounced back from early losses on rumors that the ECB is unlikely to add stimulus.

 

Treasuries remained higher after today’s $35 billion 5-year note auction sold at yield of 1.646% with a bid to cover of 2.81.

 

The Dow, Nasdaq, and S&P waffled near unchanged in quiet trade.

 

Among the big names making news in the market today were Tiffany’s, UBS, and Snapchat.

 

GATA Posts:

 

 

FT still can only hint at market rigging by central banks

London Metal Exchange dismissed from U.S. price-fixing lawsuits

Koos Jansen: Comparison of Chinese silver price is complicated by 17% tax

 

The Statistics:

Activity from: 8/26/2014

Gold Warehouse Stocks:

9,927,073.081

+63,993.562

Silver Warehouse Stocks:

178,694,070.354

-494.747.07

 

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

795.597

25,579,239

US$32,797m

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$5,696m

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$460m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

41.04

1,319,388

US$1,697m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.496 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 165.96: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,272.89: No change from yesterday’s data.

 

The Miners:

 

Newmont’s (NEM) dealings in Indonesia, Endeavour Silver’s (EXK) drill results, and Fortuna’s (FSM) updated Mineral Resource estimate were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Nevsun

NSU +3.26% $4.12

2.  Paramount

PZG +3.03% $1.02

3.  Rio Alto

RIOM +2.17% $2.83

 

LOSERS

1.  SilverCrest

SVLC -2.49% $1.96

2.  Great Panther

GPL -1.68% $1.17

3.  Coeur

CDE -1.5% $7.87

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: Wednesday, 27 August 2014 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2019



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.