-- Published: Monday, 24 August 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1153.10 | -$6.30 |
Silver | $14.78 | -$0.50 |
XAU | 48.08 | -7.84% |
HUI | 116.21 | -8.29% |
GDM | 394.08 | -7.48% |
JSE Gold | 1078.65 | +55.72 |
USD | 93.39 | -1.55 |
Euro | 115.92 | +2.04 |
Yen | 84.28 | +2.36 |
Oil | $38.24 | -$2.21 |
10-Year | 1.997% | -0.057 |
Bond | 160.3125 | +0.125 |
Dow | 15871.28 | -3.58% |
Nasdaq | 4526.24 | -3.82% |
S&P | 1893.21 | -3.94% |
The Metals:
Gold popped up to $1165.33 at the open of trade last night before it fell back to $1152.36 in Asia and then rose to as high as $1166.94 in early New York trade, but it then dropped back to $1146.13 in afternoon trade and ended with a loss of 0.54%. Silver slipped to as low as $14.609 and ended with a loss of 3.27%.
Euro gold fell to about €995, platinum lost $34 to $987, and copper fell 5 cents to about $2.25.
Gold and silver equities dropped as much as 4% at the open before they rallied back to about unchanged by early afternoon, but they then fell back off again in the last few hours of trade and ended with about 8% losses.
The Economy:
There were no major economic reports today. Tomorrow brings the Case-Shiller 20-city Index, the FHFA Housing Price Index, New Home Sales, and Consumer Confidence.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell 5.5% and the U.S. dollar dropped about 1.5% as treasuries rose and the Dow, Nasdaq, and S&P closed over 3.5% lower on continued market uncertainty.
Stock Rout Spreads Through Europe After China Plunge Bloomberg
Among the big names making news in the market today were Alibaba, Apple, and Southern Co.
GATA Posts:
Dave Kranzler: Gold vs. the U.S. dollar -- the big lie
Deutsche Bank admits that the markets are just rigging by central banks
Koos Jansen: Theory on China's gold strategy
Ben Davies: Another BRIC in the wall
India's imports of gold-silver alloy may almost double, refiner says
China's neighbors step up stock market support
The Statistics:
Activity from: 8/21/2015
Gold Warehouse Stocks: | 7,310,822.725 | -225.05 |
Silver Warehouse Stocks: | 170,209,621.307 | -166,674.57 |
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 | 677.827 | 21,792,813 | US$25,414m |
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$5,140m |
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$5,688m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$414m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 24.48 | 786,914 | US$918m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 2.384 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 161.62: +0.60 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) operations in Greece, AngloGold’s (AU) offer to buy back $810 million of high-yield bonds, and IMPACT Silver’s (IPT.V) second quarter results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. AngloGold | AU +2.09% $8.30 |
2. Paramount | PZG +0.79% $1.28 |
LOSERS
1. Kinross | KGC -12.56% $1.81 |
2. Yamana | AUY -10.87% $2.05 |
3. Coeur | CDE -10.80% $3.22 |
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: Monday, 24 August 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Dips and Silver Slips While Stocks Slide
