-- Published: Tuesday, 18 August 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1117.70 | +$0.10 |
Silver | $14.88 | -$0.44 |
XAU | 50.55 | -1.96% |
HUI | 119.38 | -1.58% |
GDM | 407.83 | -1.57% |
JSE Gold | 842.53 | +25.79 |
USD | 96.97 | +0.17 |
Euro | 110.32 | -0.45 |
Yen | 80.40 | +0.01 |
Oil | $42.62 | +$0.75 |
10-Year | 2.196% | +0.046 |
Bond | 157.625 | -1.46875 |
Dow | 17511.34 | -0.19% |
Nasdaq | 5059.34 | -0.64% |
S&P | 2096.92 | -0.26% |
The Metals:
Gold gained $3.55 to $1121.15 in London before it dropped back to $1109.76 by a little before 10AM EST, but then rallied back above unchanged in the next hour of trade and ended with a gain of 0.01%. Silver slipped to as low as $14.734 and ended with a loss of 2.87%.
Euro gold rose to about €1013, platinum lost $3 to $992, and copper fell a few cents to about $2.29.
Gold and silver equities fell as much as 3% about 45 minutes into trade before they bounced back higher at times, but they still ended with almost 2% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Housing Starts | July | 1206K | 1200K | 1204K |
Building Permits | July | 1119K | 1257K | 1337K |
Tomorrow brings CPI and FOMC Minutes.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil gained almost 2% ahead of tomorrow’s inventory data.
The U.S. dollar edged higher on decent housing data that sent treasuries lower.
The Dow, Nasdaq, and S&P traded mostly lower on continued concerns about China.
China stocks slump 6 percent on fears of further yuan depreciation Reuters
Among the big names making news in the market today were Wal-Mart, Citigroup, Comcast, and VTB.
GATA Posts:
Lawrence Williams: Is Asian gold demand really low or at an all-time high?
Bron Suchecki: Demand-price disconnect
Banks brace for billions in civil claims over forex rate rigging
The Statistics:
Activity from: 8/17/2015
Gold Warehouse Stocks: | 7,318,056.475 | - |
Silver Warehouse Stocks: | 171,081,013.255 | -673,579.98 |
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 | 671.867 | 21,601,191 | US$24,003m |
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$4,960m |
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$5,484m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$401m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 24.48 | 787,001 | US$880m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 161.02: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,107.64: No change from yesterday’s data.
The Miners:
WINNERS
1. Eldorado | EGO +0.96% $4.19 |
2. Sandstorm | SAND +0.35% $2.90 |
3. AngloGold | AU +0.30% $6.75 |
LOSERS
1. Coeur | CDE -9.67% $3.55 |
2. Endeavour Silver | EXK -6.52% $1.72 |
3. Gold Resource | GORO-5.91% $2.23 |
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: Tuesday, 18 August 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Gains While Silver Slumps
