-- 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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-- Published: Wednesday, 12 August 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Over 1%
