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Gold Seeker Closing Report: Gold and Silver Gain Over 1% and 2%
By: Chris Mullen, Gold-Seeker.com

 -- 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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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: Wednesday, 19 August 2015 | E-Mail  | Print  | Source: GoldSeek.com

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