-- Published: Monday, 31 August 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1135.50 | +$1.10 |
Silver | $14.64 | +$0.05 |
XAU | 48.42 | -0.82% |
HUI | 115.03 | -0.94% |
GDM | 388.98 | -1.06% |
JSE Gold | 984.02 | +15.28 |
USD | 95.94 | -0.13 |
Euro | 112.14 | +0.34 |
Yen | 82.47 | +0.32 |
Oil | $49.20 | +$3.98 |
10-Year | 2.200% | +0.014 |
Bond | 155.625 | -1.09375 |
Dow | 16528.03 | -0.69% |
Nasdaq | 4776.50 | -1.07% |
S&P | 1972.18 | -0.84% |
The Metals:
Gold fell $7.69 to $1126.71 at about 9AM EST before it rallied back to $1135.38 in the next few hours of trade and then chopped back lower in early afternoon trade, but it then jumped back up to $1136.55 in the last minutes of the day and ended with a gain of 0.1%. Silver rose to as high as $14.675 and ended with a gain of 0.34%.
Euro gold fell to about €1012, platinum lost $9 to $1008, and copper remained at about $2.34.
Gold and silver equities fell about 4% in the first 15 minutes of trade before they rallied back higher for most of the rest of the morning and then edged back lower in early afternoon trade, but they then bounced back higher again in the last half hour of trade and ended with only about 1% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Chicago PMI | Aug | 54.4 | 54.7 | 54.7 |
Tomorrow brings the ISM Index and Construction Spending.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil jumped almost 9% higher “after U.S. oil production data showed output falling and OPEC said it would talk with other producers about low prices.”
The U.S. dollar fell as the yen and euro rose on unwinding of carry trades.
Treasuries traded mostly lower along with the Dow, Nasdaq, and S&P on uncertainty about interest rate policy.
Among the big names making news in the market today were Toshiba, Wal-Mart, Google, and Samsung.
GATA Posts:
Dubai gold retailer defaults on $136 million
Zero Hedge: More foreign gold withdrawn from NY Fed in July
ISIS advertises its new gold coins but still pays its gunmen in U.S. dollars
App for that? BitGold looks to take gold savings mainstream
Reuters: South Africa to promote platinum as central bank reserve asset
The Statistics:
Activity from: 8/28/2015
Gold Warehouse Stocks: | 7,221,124.302 | +792.40 |
Silver Warehouse Stocks: | 170,562,234.180 | -599,207.882 |
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 | 682.595 | 21,946,103 | US$24,900m |
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$5,022m |
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$5,568m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$407m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 24.83 | 798,370 | US$906m |
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: 10,137.33: +29.69 change from yesterday’s data.
The Miners:
Northern Dynasty’s (NAK) closed financing, AuRico’s (AUQ) private placement with Alamos Gold (AGI), and Barrick’s (ABX) strategic joint venture with Zijin Mining Group were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Nevsun | NSU +3.08% $3.01 |
2. Pan American | PAAS +2.97% $6.93 |
3. New Gold | NGD +2.68% $2.30 |
LOSERS
1. DRDGOLD | DRD -6.15% $1.22 |
2. Fortuna | FSM -5.45% $2.43 |
3. Tahoe Resources | TAHO -4.56% $8.37 |
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, 31 August 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain While Stocks Fall 1%
