Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 1% and 2% on the Week
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 11 17 2017
By: Ira Epstein

Next-Generation Crazy: The Fed Plans For The Coming Recession
By: John Rubino

COT Gold, Silver and US Dollar Index Report - November 17, 2017
By: GoldSeek.com

Gold Miners’ Q3’17 Fundamentals
By: Adam Hamilton, CPA

Bonfire of the Absurdities
By: John Mauldin

The Social Security Inflation Lag Calendar - Partial Indexing Part 1
By: Daniel R. Amerman, CFA

Rob From The Middle Class Economics
By: Gary Christenson

GoldSeek Radio Nugget: John Williams and Chris Waltzek
By: radio.GoldSeek.com

The Metals Market Is A Mess And Will Likely Continue To Frustrate You
By: Avi Gilburt

 
Search

GoldSeek Web

 
Gold Seeker Closing Report: Gold Edges Higher and Silver Rises Almost 2%
By: Chris Mullen, Gold-Seeker.com

 -- 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

 

- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

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.

 


| Digg This Article
 -- Published: Thursday, 27 August 2015 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.