-- Published: Friday, 12 August 2016 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1334.60 | -$3.30 | -0.13% |
Silver | $19.69 | -$0.26 | -0.05% |
XAU | 111.73 | -0.50% | +1.93% |
HUI | 278.61 | -0.26% | +1.50% |
GDM | 863.66 | -0.21% | +2.05% |
JSE Gold | 2796.16 | -14.17 | -0.61% |
USD | 95.73 | -0.16 | -0.51% |
Euro | 111.61 | +0.26 | +0.69% |
Yen | 98.72 | +0.62 | +0.50% |
Oil | $44.49 | +$1.00 | +6.44% |
10-Year | 1.515% | -0.058 | -4.24% |
Bond | 173.00 | +1.21875 | +0.95% |
Dow | 18579.47 | -0.20% | +0.19% |
Nasdaq | 5232.89 | +0.09% | +0.23% |
S&P | 2184.05 | -0.08% | +0.05% |
The Metals:
Gold waffled near unchanged in Asia and London before it jumped $17.84 to $1355.74 after the release of this morning’s disappointing economic data, but it then dove down to $1333.51 in early afternoon New York trade and ended with a loss of 0.25%. Silver slipped to as low as $19.674 and ended with a loss of 1.3%.
Euro gold fell to about €1196, platinum lost $15.50 to $1119.50, and coper fell 5 cents to about $2.14.
Gold and silver equities rose roughly 3% at the open, but they then fell back off for most of the rest of trade and ended with modest losses.
The Economy:
Report | For | Reading | Expected | Previous |
PPI | July | -0.4% | 0.0% | 0.5% |
Core PPI | July | -0.3% | 0.2% | 0.4% |
Retail Sales | July | 0.0% | 0.4% | 0.8% |
Retail Sales ex-auto | July | -0.3% | 0.2% | 0.9% |
Michigan Sentiment | Aug | 90.4 | 90.2 | 90.0 |
Business Inventories | June | 0.2% | 0.1% | 0.2% |
All of this week’s other economic reports:
Next week’s economic highlights include Empire Manufacturing, the NAHB Housing Market Index, and Net Long-Term TIC Flows on Monday, CPI, Building Permits, Housing Starts, Capacity Utilization, and Industrial Production on Tuesday, FOMC Minutes on Wednesday, and Initial Jobless Claims, the Philadelphia Fed, and Leading Indicators on Thursday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil briefly pared early gains on news of rising rig counts for the seventh week in a row.
The U.S. dollar index fell and treasuries rose on poor economic data that held the Dow, Nasdaq, and S&P near unchanged.
Among the big names making news in the market Friday were Sunrun, Maersk, Shake Shack, Amazon, and JetBlue.
GATA Posts:
Von Greyerz, Embry discuss prospects for monetary metals
Goldman Sachs up against JPMorgan in gold battle in London
The Statistics:
Activity from: 8/11/2016
Gold Warehouse Stocks: | 11,235,231.907 | -14,534.22 |
Silver Warehouse Stocks: | 156,033,901.377 | +1,439,037.371 |
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 | 972.321 | 31,261,083 | US$42,266m |
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$5,946m |
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$6,636m |
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 subtracted 0.297 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 229.29: +0.45 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,941.12: No change from yesterday’s data.
The Miners:
WINNERS
1. Nevsun | NSU +3.13% $3.30 |
2. Pan American | PAAS +2.74% $20.61 |
3. Buenaventura | BVN +2.56% $15.62 |
LOSERS
1. Tanzanian Royalty | TRX -7.02% $1.06 |
2. Vista Gold | VGZ -4.39% $1.09 |
3. Exeter | XRA -3.45% $1.40 |
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: Friday, 12 August 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver End Slightly Lower on the Week but Miners Gain
