-- 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
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-- Published: Wednesday, 27 August 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Mixed
