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

 -- Published: Wednesday, 12 August 2015 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1123.80

+$15.10

Silver

$15.52

+$0.18

XAU

52.86

+6.85%

HUI

125.84

+7.29%

GDM

425.42

+6.45%

JSE Gold

869.19

+85.56

USD

96.22

-0.96

Euro

111.71

+1.29

Yen

80.54

+0.64

Oil

$43.30

+$0.22

10-Year

2.130%

-0.007

Bond

158.25

-0.5625

Dow

17402.51

-0.00%

Nasdaq

5044.38

+0.15%

S&P

2086.05

+0.10%

 
 
 

The Metals:

 

Gold climbed $16.70 to $1125.40 by late morning in New York and ended with a gain of 1.36%.  Silver rose to as high as $15.592 and ended with a gain of 1.17%.

 

Euro gold rose to about €1006, platinum gained $10 to $995, and copper climbed a penny to about $2.35.

 

Gold and silver equities marched steadily higher for most of the day and ended with about 7% gains.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Treasury Budget

July

-$149.2B

-$149.0B

-$94.6B

 

Job Openings in U.S. Decreased in June to 5.25 Million Bloomberg

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

Policy alone cannot solve U.S. skills mismatch: Fed's Dudley Reuters

 

Tomorrow brings Initial Jobless Claims, Retail Sales, Import and Export Prices, and Business Inventories.

 

The Markets:

 

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

 

Oil pared early gains after the Energy Information Administration reported that crude inventories fell 1.68 million barrels, gasoline inventories fell 1.3 million barrels, and distillates rose 3.0 million barrels.

 

The U.S. dollar fell markedly as the euro jumped higher on uncertainty about interest rate policy.

 

Treasuries rose in early trade as the Dow, Nasdaq, and S&P traded about 1% lower for most of the morning on concerns about China and yuan devaluation, but stocks then rebounded in afternoon trade and ended near unchanged on hopes that recent measures will prove helpful.

 

Among the big names making news in the market today were Macy’s, Kraft Heinz, GE, Fidelity National, AT&T, CHS, Citigroup, and Alibaba.

 

GATA Posts:

 

 

China cuts yuan rate against US dollar for second day

 

The Statistics:

Activity from: 8/11/2015

Gold Warehouse Stocks:

7,422,118.983

-39,970.16

Silver Warehouse Stocks:

172,106,179.116

+587,447.048

 

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$24,018m

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$4,997m

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$5,518m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$403m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

25.07

806,172

US$902m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 161.38: No change from yesterday’s data.

 

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

 

The Miners:

 

Kirkland’s (KGI.TO) first quarter gold production, Alamos Gold’s (AGI) second quarter results, Centamin’s (CEE.TO) second quarter results, Fresnillo’s (FRES.L) stolen gold and silver from one of its mines in northern Mexico, and Fortuna’s (FSM) exploration update were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Coeur

CDE +21.74% $3.92

2.  Endeavour Silver

EXK +16.56% $1.90

3.  IAMGOLD

IAG +13.10% $1.90

 

LOSERS

1.  DRDGOLD

DRD -0.80% $1.24

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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© 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: Wednesday, 12 August 2015 | E-Mail  | Print  | Source: GoldSeek.com

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