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Gold Seeker Closing Report: Gold and Silver End Mixed With Stocks Before Jobs Day
By: Chris Mullen, Gold-Seeker.com

 -- Published: Thursday, 3 September 2015 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1125.40

-$8.20

Silver

$14.69

UNCH

XAU

45.62

-1.32%

HUI

109.16

-1.78%

GDM

370.53

-1.44%

JSE Gold

973.77

+60.46

USD

96.34

+0.43

Euro

111.30

-0.95

Yen

83.35

+0.23

Oil

$46.75

+$0.50

10-Year

2.168%

-0.025

Bond

156.00

+0.50

Dow

16374.76

+0.14%

Nasdaq

4733.49

-0.35%

S&P

1951.13

+0.12%

 
 

 

The Metals:

 

Gold fell $11.63 to $1121.97 at about 8:45AM EST before it bounced back higher at times, but it still ended with a loss of 0.72%.  Silver slipped to as low as $14.577 before it jumped up to $14.953 and then fell back off, but it ended at just unchanged on the day.

 

Euro gold rose to about €1011, platinum lost $10 to $1002, and copper climbed 5 cents to about $2.38.

 

Gold and silver equities fell over 1% at the open before they rose to see as much as 3% gains about 45 minutes into trade, but they then drifted back lower into the close and ended near their opening lows.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Initial Claims

8/29

282K

273K

270K

Trade Balance

July

-$41.9B

-$42.7B

-$45.2B

ISM Services

Aug

59.0

58.4

60.3

 

No concern yet regarding financial institutions from market turmoil: Jack Lew  Reuters

 

Tomorrow brings August’s jobs data.

 

The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil rose on expectations for further stimulus measures by the ECB that sent the euro lower and the U.S. dollar higher along with treasuries.

 

The Dow, Nasdaq, and S&P erased notable early gains and ended mixed on worries about tomorrow’s jobs data.

 

Among the big names making news in the market today were B&G, Verizon, Cerberus, and Lloyds.

 

GATA Posts:

 

 

Tightness reported in London gold market

 

The Statistics:

Activity from: 9/2/2015

Gold Warehouse Stocks:

7,219,619.271

+32.15

Silver Warehouse Stocks:

168,241,191.408

+300,974.643

 

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$24,745m

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$4,992m

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$5,518m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$404m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

27.69

890,235

US$1,004m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 161.14: -0.03 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,106.24: -4.37 change from yesterday’s data.

 

The Miners:

 

Sibanye Gold’s talks to buy Anglo American Platinum Ltd.’s Rustenburg assets, Kirkland’s (KGI.TO) board and management changes, and Tahoe’s (TAHO) statement about Guatemala and dividend were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Gold Resource

GORO +4.91% $2.35

2.  Turquoise

TRQ +2.78% $2.96

3.  B2Gold

BTG +2.44% $1.26

 

LOSERS

1.  Coeur

CDE -6.17% $2.89

2.  Primero

PPP -6.06% $2.48

3.  Hecla

HL -3.98% $1.93

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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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.

 


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 -- Published: Thursday, 3 September 2015 | E-Mail  | Print  | Source: GoldSeek.com

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