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Gold Seeker Closing Report: Gold and Silver Gain Over 1% And 3%
By: Chris Mullen, Gold-Seeker.com

 -- Published: Monday, 10 August 2015 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1103.30

+$11.20

Silver

$15.24

+$0.47

XAU

49.23

+7.75%

HUI

114.94

+7.04%

GDM

392.59

+5.87%

JSE Gold

762.05

+9.44

USD

97.16

-0.49

Euro

110.20

+0.47

Yen

80.28

-0.23

Oil

$44.96

+$1.09

10-Year

2.238%

+0.063

Bond

156.8125

-1.71875

Dow

17615.17

+1.39%

Nasdaq

5101.79

+1.15%

S&P

2104.18

+1.28%

 
 

 

The Metals:

 

Gold gained $6.21 to $1098.31 in Asia before it drifted back towards unchanged in London, but it then shot up to as high as $1108.74 in New York and ended with a gain of 1.03%.  Silver surged to as high as $15.391 and ended with a gain of 3.18%.

 

Euro gold rose above €1001, platinum gained $24 to $982, and copper climbed 6 cents to about $2.39.

 

Gold and silver equities rose roughly 6% by midday and remained near that level for the rest of the day.

 

The Economy:

 

Fed 'close' to hiking rates, U.S. economy near normal - Lockhart Reuters

OECD indicator firms for euro zone, slips for U.S. and UK Reuters

U.S. inflation temporarily 'very low,' says Fed's Fischer Reuters

Fischer Says Low Inflation Won't Persist as Job Market Heals Bloomberg

Japanese Dump Most Treasuries in Two Years as Fed Liftoff Looms Bloomberg

 

Tomorrow brings Productivity, Unit Labor Costs, and Wholesale Inventories.

 

The Markets:

 

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

 

Oil rose 2.5% as the U.S. dollar dropped “after Federal Reserve Vice Chairman Stanley Fischer said the central bank won’t raise interest rates until inflation has returned to normal.

 

Treasuries fell as the Dow, Nasdaq, and S&P gained over 1% on deal-making news.

 

Among the big names making news in the market today were Nokia, Tesla, Alibaba, and Precision Castparts.

 

GATA Posts:

 

 

Alasdair Macleod's study of "Gibson's Paradox" posted by GATA

Avery Goodman: Goldman, HSBC tell you to sell gold but they're buying

Banks obstruct supply as gold demand soars in Nepal

Bundesbank hasn't secured Germany's gold, repatriation campaign leader says

 

The Statistics:

Activity from: 8/7/2015

Gold Warehouse Stocks:

7,473,539.587

-32,034.267

Silver Warehouse Stocks:

172,477,260.154

+376,991.292

 

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

667.694

21,467,044

US$23,546m

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$4,916m

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$5,437m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$396m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

25.08

806,216

US$882m

 Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 0.24 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 161.83: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,146.24: No change from yesterday’s data.

 

The Miners:

 

Goldcorp’s (GG) dividend, Freeport’s (FCX) prospectus supplement, and Pretivm’s (PVG) optioned properties from Teuton Resources (TUO.V) were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Coeur

CDE +19.85% $3.26

2.  Endeavour Silver

EXK +13.14% $1.55

3.  Pan America

PAAS +12.00% $6.72

 

No “Losers” today

 

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 2015

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.

 


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 -- Published: Monday, 10 August 2015 | E-Mail  | Print  | Source: GoldSeek.com

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