-- Published: Tuesday, 25 August 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1139.50 | -$13.60 |
Silver | $14.64 | -$0.14 |
XAU | 46.18 | -3.95% |
HUI | 111.17 | -4.34% |
GDM | 378.71 | -3.98% |
JSE Gold | 946.88 | -131.77 |
USD | 94.10 | +0.71 |
Euro | 114.99 | -1.05 |
Yen | 84.16 | -0.26 |
Oil | $39.31 | +$1.07 |
10-Year | 2.133% | +0.136 |
Bond | 158.40625 | -2.50 |
Dow | 15666.44 | -1.29% |
Nasdaq | 4506.48 | -0.44% |
S&P | 1867.62 | -1.35% |
The Metals:
Gold fell $18.43 to $1134.67 at about 10:30AM EST before it bounced back higher into the close, but it still ended with a loss of 1.18%. Silver slipped to as low as $14.57 and ended with a loss of 0.95%.
Euro gold fell to about €992, platinum lost $13 to $974, and copper climbed 5 cents to about $2.30.
Gold and silver equities fell over 3% in the first half hour of trade and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Case-Shiller 20-city Index | June | 5.0% | 5.1% | 5.0% |
FHFA Housing Price Index | June | 0.2% | - | 0.5% |
New Home Sales | July | 507K | 511K | 481K |
Consumer Confidence | Aug | 101.5 | 93.1 | 91.0 |
Services sector growth slows in August: Markit Reuters
CBO sees lower U.S. deficit in 2015 as revenues climb Reuters
The next debt-ceiling battle may get pushed back to Thanksgiving MarketWatch
Tomorrow brings Durable Goods Orders for July expected at -0.6%.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose along with the U.S. dollar and treasuries fell as the Dow, Nasdaq, and S&P climbed about 2% higher for most of the day after “China cut interest rates and banks' reserve requirements in a bid to kick-start its wavering economy,” but stocks then sold off in the last hour of trade and ended roughly 1% lower on uncertainty about what tomorrow may bring.
Among the big names making news in the market today were Bank of Montreal, BofA, Exelon, Best Buy, and Boeing.
GATA Posts:
Precious metals trading is probed by EU after U.S. inquiry
The Statistics:
Activity from: 8/24/2015
Gold Warehouse Stocks: | 7,296,141.754 | -14,680.971 |
Silver Warehouse Stocks: | 171,080,293.317 | +870,672.01 |
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 | 681.105 | 21,898,202 | US$24,902m |
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$5,050m |
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$5,580m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$409m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 24.48 | 786,914 | US$918m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 3.278 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 162.07: +0.45 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,107.64: No change from yesterday’s data.
The Miners:
Comstock’s (LODE) permit approvals and Paramount’s (PZG) magnetic survey were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Avino | ASM +4.12% $1.01 |
2. NovaGold | NG +3.28% $3.46 |
3. DRDGOLD | DRD +0.83% $1.21 |
LOSERS
1. Gold Fields | GFI -11.6% $2.82 |
2. Paramount | PZG -8.59% $1.17 |
3. Yamana | AUY -8.29% $1.88 |
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, 25 August 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall About 1% While Stocks Reverse Morning Gains
