-- Published: Friday, 29 August 2014 | Print | Disqus
Please Note: US Markets are closed on Monday for Labor Day.
| Close | Gain/Loss | On Week |
Gold | $1287.30 | -$2.00 | +0.54% |
Silver | $19.48 | -$0.05 | UNCH |
XAU | 102.25 | +1.22% | +2.81% |
HUI | 245.51 | +1.27% | +2.86% |
GDM | 738.53 | +1.09% | +2.20% |
JSE Gold | 1534.96 | +19.03 | +3.16% |
USD | 82.70 | +0.23 | +0.45% |
Euro | 131.38 | -0.46 | -0.77% |
Yen | 96.11 | -0.30 | -0.11% |
Oil | $95.96 | +$1.41 | +2.52% |
10-Year | 2.343% | +0.009 | -2.50% |
Bond | 141.46875 | -0.25 | +0.69% |
Dow | 17098.38 | +0.11% | +0.57% |
Nasdaq | 4580.27 | +0.50% | +0.92% |
S&P | 2003.36 | +0.33% | +0.75% |
The Metals:
Gold waffled near unchanged for most of trade in Asia before it spiked down to $1283.65 at about 4:45AM EST and then jumped back to $1291.34 by midmorning in New York, but it then drifted back lower into the close and ended with a loss of 0.16%. Silver slipped to as low as $19.452 and ended with a loss of 0.26%.
Euro gold rose to almost €980, platinum lost $2 to $1419, and copper climbed a penny to about $3.15.
Gold and silver equities rose over 1% by midmorning and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Personal Income | July | 0.2% | 0.3% | 0.5% |
Personal Spending | July | -0.1% | 0.1% | 0.4% |
PCE Prices - Core | July | 0.1% | 0.1% | 0.1% |
Chicago PMI | Aug | 64.3 | 54.8 | 52.6 |
Michigan Sentiment | Aug | 82.5 | 80.0 | 79.2 |
All of this week’s other economic reports:
Next week’s economic highlights include the ISM Index and Construction Spending on Tuesday, Factory Orders and the fed’s Beige Book on Wednesday, ADP Employment, Initial Jobless Claims, the Trade Balance, Productivity, Unit Labor Costs, and ISM Services on Thursday, and August’s jobs data on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose on increased geopolitical tensions and better than expected economic data that sent the U.S. dollar index higher.
Treasuries saw slight losses as the Dow, Nasdaq, and S&P largely ignored increased terror threats from around the world.
U.K. Terror Threat Raised to ‘Severe’ on New Intelligence From Syria and Iraq Bloomberg
Judicial Watch: Feds' Bulletin Describes Threat of Imminent Terrorist Attack on Southern Border National Review Online
Among the big names making news in the market Friday were Tesco, McDonald’s, Apple, Google and Amazon, and Tesla.
GATA Posts:
Alasdair Macleod: The wages-fuel-demand fallacy
Koos Jansen: Precious metals markets -- China vs. U.S.
GoldCore: Referendum on Swiss gold would repatriate it from UK, Canada
The Statistics:
Activity from: 8/28/2014
Gold Warehouse Stocks: | 9,927,334.781 | -32.15 |
Silver Warehouse Stocks: | 179,291,566.613 | -2,383.041 |
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$32,873m |
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$5,717m |
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$462m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 41.04 | 1,319,359 | US$1,705m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 165.45: -0.41 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,311.68: +38.79 change from yesterday’s data.
The Miners:
Rubicon’s (RBY) progress in Ontario and Avino’s (ASM) second quarter results were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Richmont | RIC +8.08% $2.78 |
2. Golden Minerals | AUMN +5.71% $1.11 |
3. Gold Fields | GFI +4.54% $4.84 |
LOSERS
1. Comstock | LODE -1.96% $1.52 |
2. Great Panther | GPL -1.64% $1.20 |
3. Turquoise | TRQ -1.46% $3.38 |
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: Friday, 29 August 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold Ends Slightly Higher on the Week 
