-- Published: Monday, 8 August 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1335.30 | -$1.10 |
Silver | $19.73 | +$0.03 |
XAU | 110.39 | +0.70% |
HUI | 275.89 | +0.51% |
GDM | 847.17 | +0.13% |
JSE Gold | 2793.00 | -20.20 |
USD | 96.38 | +0.16 |
Euro | 110.80 | -0.05 |
Yen | 97.61 | -0.60 |
Oil | $43.02 | +$1.22 |
10-Year | 1.583% | +0.001 |
T-Bond | 171.53125 | -0.03125 |
Dow | 18529.29 | -0.08% |
Nasdaq | 5213.14 | -0.15% |
S&P | 2180.89 | -0.09% |
The Metals:
Gold fell $6.32 to $1330.08 in London before it rallied to see slight gains at times in New York, but it then edged back lower in late trade and ended with a loss of 0.08%. Silver slipped to as low as $19.619 in Asia, but it then climbed to as high as $19.867 in New York and ended with a gain of 0.15%.
Euro gold remained at about €1205, platinum gained $4 to $1146, and copper climbed a penny to about $2.17.
Gold and silver equities rose roughly 1% by midmorning and remained near that level for the rest of the day.
The Economy:
Fed's Powell urges patience on U.S. rates, citing growth risks Reuters
Tomorrow brings Productivity and Wholesale Inventories.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose almost 3% on renewed talks over a possible deal from OPEC members to freeze production.
The U.S. dollar index added onto last Friday’s job-driven gains.
Treasuries traded mixed while the Dow, Nasdaq, and S&P saw slight losses in quiet summer trade.
Among the big names making news in the market today were Vail Resorts, Mattress Firm, Wal-Mart, and Delta.
GATA Posts:
Gold Reserve shares surge on $770 million Venezuelan settlement
Somehow the case for gold makes it into the Financial Times
Bail-in for users of hacked bitcoin exchange costs them 36%
Turkey to increase gold-storage capacity to become regional hub
The Statistics:
As of close of business: 8/5/2016
Gold Warehouse Stocks: | 11,354,733.367 | +39,852.057 |
Silver Warehouse Stocks: | 152,314,915.786 | -2,320.347 |
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 | 980.336 | 31,518,784 | US$42,131m |
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$5,935m |
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$6,558m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$479m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 34.88 | 1,121,361 | US$1,417m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 7.125 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 220.40: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,911.57: No change from yesterday’s data.
The Miners:
Vista Gold’s (VGZ) completed offering, AuRico’s (AUQ) second quarter results, Gold Reserve’s (GRZ.V) settlement, Eurasian’s (EMXX) sold property, Richmont’s (RIC) second quarter results, Excellon’s (EXN.TO) second quarter results, and Silver Standard’s (SSRI) exploration update were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Fortuna | FSM +7.75% $9.45 |
2. Alexco | AXU +7.48% $2.30 |
3. Almaden | AAU +6.99% $1.53 |
LOSERS
1. Vista Gold | VGZ -5.04% $1.13 |
2. Eurasian | EMXX -2.33% $1.26 |
3. Nevsun | NSU -1.55% $3.17 |
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 2016
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: Monday, 8 August 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Near Unchanged in Quiet Trade
