-- Published: Wednesday, 10 August 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1346.70 | +$6.10 |
Silver | $20.17 | +$0.32 |
XAU | 112.73 | +1.46% |
HUI | 281.63 | +1.65% |
GDM | 870.07 | +1.85% |
JSE Gold | 2792.41 | -0.59 |
USD | 95.66 | -0.48 |
Euro | 111.76 | +0.54 |
Yen | 98.72 | +0.56 |
Oil | $41.71 | -$1.06 |
10-Year | 1.509% | -0.036 |
T-Bond | 173.46875 | +0.75 |
Dow | 18495.66 | -0.20% |
Nasdaq | 5204.59 | -0.40% |
S&P | 2175.49 | -0.29% |
The Metals:
Gold gained $16.28 to $1356.88 by a little after 8AM EST before it fell back to $1343.82 in the next few hours of trade, but it then edged back higher in afternoon trade and ended with a gain of 0.46%. Silver rose to as high as $20.482 and ended with a gain of 1.61%.
Euro gold fell to about €1205, platinum jumped $23 to $1175, and copper climbed a couple of cents to about $2.17.
Gold and silver equities climbed roughly 3% in the first fifteen minutes of trade before they chopped back lower at times, but they still ended with almost 2% gains on the day.
The Economy:
Job openings, hires rise in June MarketWatch
U.S. mortgage activity rises for first time in 4 weeks -MBA Reuters
Tomorrow brings Initial Jobless Claims and Import and Export Prices.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil closed 2.5% lower after the Energy Information Administration reported that crude inventories surprisingly rose 1.1 million barrels, gasoline inventories fell 2.8 million barrels, and distillates declined 2.0 million barrels.
The U.S. dollar index dropped and treasuries rose again on waning expectations for an interest rate hike this year.
The Dow, Nasdaq, and S&P turned modestly lower on oil’s drop.
Among the big names making news in the market today were Cargill, Prudential, Coach, Mylan, Delta, and Yelp.
GATA Posts:
The Bank of England just learned a lot about bond market liquidity
Return on UK government bonds turns negative
The Statistics:
As of close of business: 8/9/2016
Gold Warehouse Stocks: | 11,348,142.617 | -385.80 |
Silver Warehouse Stocks: | 152,876,065.436 | -23,444.691 |
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 | 972.618 | 31,270,627 | US$42,139m |
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$5,981m |
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$6,609m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$483m |
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 subtracted 1.187 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 221.24: +0.84 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,941.12: No change from yesterday’s data.
The Miners:
SEMAFO’s (SMF.TO) second quarter results, Alamos Gold’s (AGI) second quarter results, Centamin’s (CEE.TO) second quarter results, Almaden’s (AAU) assay results, Avino’s (ASM) new tailings storage facility, and First Majestic’s (AG) second quarter results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Gold Standard | GSV +30.05% $2.51 |
2. ITH | THM +17.53% $1.20 |
3. Almaden | AAU +14.56% $1.81 |
LOSERS
1. Alamos Gold | AGI -4.51% $8.69 |
2. First Majestic | AG -0.92% $18.25 |
3. Eurasian | EMXX -0.81% $1.23 |
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: Wednesday, 10 August 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Again As Dollar Drops Further
