-- Published: Thursday, 27 August 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1124.30 | +$0.20 |
Silver | $14.45 | +$0.27 |
XAU | 46.83 | +6.53% |
HUI | 111.32 | +5.79% |
GDM | 378.57 | +4.57% |
JSE Gold | 889.81 | +3.55 |
USD | 95.76 | +0.57 |
Euro | 112.46 | -0.71 |
Yen | 82.60 | -0.74 |
Oil | $42.56 | +$3.96 |
10-Year | 2.168% | -0.004 |
Bond | 156.1875 | +0.15625 |
Dow | 16654.77 | +2.27% |
Nasdaq | 4812.70 | +2.45% |
S&P | 1987.66 | +2.43% |
The Metals:
Gold gained $5.08 to $1129.18 in London before it fell back to $1118.38 at about 10AM EST and then bounced back to $1127.65 in the next 90 minutes of trade, but it then drifted back lower in afternoon trade and ended with a gain of just 0.02%. Silver rose almost 1% to $14.315 before it dropped back to $14.163, but it then shot up to as high as $14.613 and ended with a gain of 1.9%.
Euro gold rose to about €1000, platinum gained $18 to $997, and copper climbed 8 cents to about $2.33.
Gold and silver equities rose roughly 6% by early afternoon and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 8/22 | 271K | 275K | 277K |
GDP | Q2 | 3.7% | 3.1% | 2.3% |
GDP Deflator | Q2 | 2.1% | 2.0% | 2.0% |
Pending Home Sales | July | 0.5% | 1.0% | -1.7% |
By another measure, the U.S. economy was ho-hum in second quarter MarketWatch
Central bankers at Jackson Hole search for answers on low inflation MarketWatch
Fed's George softens rate hike stance Reuters
Tomorrow brings Personal Income and Spending, Core PCE Prices, and Michigan Sentiment.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil soared over 10% higher on a report that Venezuela has asked OPEC to hold an emergency meeting.
The U.S. dollar rose along with the Dow, Nasdaq, and S&P on decent economic data.
Treasuries traded mixed and ended near unchanged.
Among the big names making news in the market today were Wal-Mart, Deutsche Bank, and Tiffany.
GATA Posts:
New York Sun: Another 'barbarous relic'
China sells U.S. Treasuries to support yuan
Dave Kranzler: Silver shortage update -- another delay from Apmex
The Statistics:
Activity from: 8/26/2015
Gold Warehouse Stocks: | 7,220,717.704 | -89,170.43 |
Silver Warehouse Stocks: | 171,193,782.252 | -255,369.37 |
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$24,535m |
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$4,994m |
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$5,512m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$403m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 24.83 | 798,379 | US$893m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 162.07: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,107.64: No change from yesterday’s data.
The Miners:
Freeport’s (FCX) spending cuts, Turquoise Hill’s (TRQ) revised schedules, New Gold’s (NGD) sale of its interest in El Morro to Goldcorp, Goldcorp’s (GG) JV with Teck Resources (TCK), Eldorado’s (EGO) legal win in Greece, and AngloGold’s (AU) bond buyback were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Freeport | FCX +28.66% $10.19 |
2. Gold Fields | GFI +13.6% $3.09 |
3. Tahoe Resources | TAHO +9.33% $8.44 |
No “losers” today.
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: Thursday, 27 August 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Edges Higher and Silver Rises Almost 2%
