-- Published: Wednesday, 19 August 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1132.70 | +$15.00 |
Silver | $15.26 | +$0.38 |
XAU | 51.95 | +2.77% |
HUI | 123.54 | +3.48% |
GDM | 418.91 | +2.74% |
JSE Gold | 886.36 | +43.83 |
USD | 96.39 | -0.58 |
Euro | 111.31 | +1.02 |
Yen | 80.78 | +0.38 |
Oil | $40.80 | -$1.82 |
10-Year | 2.129% | -0.067 |
Bond | 158.96875 | +1.25 |
Dow | 17348.73 | -0.93% |
Nasdaq | 2019.05 | -0.80% |
S&P | 2079.61 | -0.83% |
The Metals:
Gold gained $6.47 to $1124.17 in Asia before it drifted back towards unchanged in London, but it then rose to as high as $1133.84 in New York and ended with a gain of 1.34%. Silver surged to as high as $15.344 and ended with a gain of 2.55%.
Euro gold rose to about €1018, platinum gained $18 to $1010, and copper fell a penny to about $2.28.
Gold and silver equities rose over 3% in the first 20 minutes of trade before they fell back off at times, but they then rallied back higher in late trade and ended near their highs of the session.
The Economy:
Report | For | Reading | Expected | Previous |
CPI | July | 0.1% | 0.2% | 0.3% |
Core CPI | July | 0.1% | 0.2% | 0.2% |
Job growth edged Fed toward rate hike, inflation a drag: minutes Reuters
Fed Officials in July Saw Rate Rise Conditions Approaching Bloomberg
Mortgage applications up in latest week: MBA Reuters
Tomorrow brings Initial Jobless Claims, Existing Home Sales, the Philadelphia Fed, and Leading Indicators.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell over 4% after the Energy Information Administration reported that crude inventories rose 2.6 million barrels, gasoline inventories fell 2.7 million barrels, and distillates rose 600,000 barrels.
The U.S. dollar dropped and treasuries shot higher after today’s fed minutes reduced expectations for an interest rate hike next month.
The Dow, Nasdaq, and S&P fell markedly for most of the morning before they rallied back to almost unchanged after the release of today’s fed minutes, but they then fell back off again into the close and ended with almost 1% losses.
Among the big names making news in the market today were Target, Wal-Mart, and Apple.
GATA Posts:
Vietnam devalues dong to protect exports, offset China's yuan action
Cash-strapped Venezuela may sell gold, Citigroup says
Hugo Salinas Price: A flyspeck of gold
The Statistics:
Activity from: 8/18/2015
Gold Warehouse Stocks: | 7,317,863.575 | -192.90 |
Silver Warehouse Stocks: | 170,958,526.985 | -122,486.27 |
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$24,320m |
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$5,014m |
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$5,541m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$407m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 24.48 | 786,958 | US$886m |
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:
Eldorado’s (EGO) halted activity in Greece, Gold Standard’s (GSV) metallurgical results, Minco Silver’s (MSV.TO) corporate update, and Mines Management’s (MGN) favorable court ruling were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. AngloGold | AU +10.67% $7.47 |
2. B2Gold | BTG +10.17% $1.30 |
3. Alamos | AGI +10.16% $4.12 |
LOSERS
1. Eldorado | EGO -7.40% $3.88 |
2. Turquoise | TRQ -1.94% $3.04 |
3. Freeport | FCX -1.92% $9.73 |
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, 19 August 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Over 1% and 2%
