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



















JSE Gold
































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


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:



Silver Warehouse Stocks:




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




London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities




London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold




Australian Stock Exchange (ASX)

Gold Bullion Securities




Johannesburg Securities Exchange (JSE)

New Gold Debentures




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.



1.  Nevsun

NSU +3.26% $4.12

2.  Paramount

PZG +3.03% $1.02

3.  Rio Alto

RIOM +2.17% $2.83



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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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 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. 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’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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