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Gold Seeker Closing Report: Gold and Silver Gain With Stocks
By: Chris Mullen, Gold-Seeker.com

 -- Published: Monday, 15 August 2016 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1339.40

+$4.80

Silver

$19.81

+$0.12

XAU

111.47

-0.23%

HUI

277.09

-0.55%

GDM

856.93

-0.86%

JSE Gold

2723.68

-72.48

USD

95.60

-0.13

Euro

111.85

+0.17

Yen

98.77

+0.07

Oil

$45.74

+$1.25

10-Year

1.553%

+0.038

T-Bond

171.625

-1.34375

Dow

2190.15

+0.32%

Nasdaq

5262.02

+0.56%

S&P

2190.15

+0.28%

 

 

 

The Metals:

 

Gold gained $7.45 to $1342.05 in Asia before it fell back to almost unchanged at $1335.88 at about 9AM EST, but it then climbed to a new session high of $1343.80 by late morning in New York and ended with a gain of 0.36%.  Silver rose to as high as $20.023 and ended with a gain of 0.61%.

 

Euro gold rose to about €1197, platinum lost $10.50 to $1109, and copper climbed a penny to about $2.15.

 

Gold and silver equities rose roughly 1% by midmorning, but they then drifted back lower into the close and ended with modest losses on the day.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Empire Manufacturing

Aug

-4.2

4.0

0.55

NAHB Housing Market Index

Aug

60

59

59

Net Long-Term TIC Flows

June

-$3.6B

$42.0B

$41.1B

 

Tomorrow brings CPI, Building Permits, Housing Starts, Capacity Utilization, and Industrial Production.

 

The Markets:

 

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

 

Oil rose almost 3% on continued conversation about a possible production cap.

 

The U.S. dollar index fell on doubts the fed will raise interest rates next month.

 

Treasuries edged lower as the Dow, Nasdaq, and S&P climbed to new record highs on relief over oil’s rally.

 

Among the big names making news in the market today were AIG, Twitter, and Tesla.

 

GATA Posts:

 

 

Gold and silver miners set to raise or resume dividend payments

Buy physical gold because central banks are on its side, Rickards says

Value of negative-yielding bonds rises to $13.4 trillion

 

The Statistics:

As of close of business: 8/12/2016

Gold Warehouse Stocks:

11,006,156.157

-229,075.75

Silver Warehouse Stocks:

156,435,105.37

+401,255.80

 

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

960.447

30,879,318

US$41,353m

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$5,963m

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$6,592m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$481m

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 11.874 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 222.89: +0.60 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,941.12: No change from yesterday’s data.

 

The Miners:

 

AngloGold’s (AU) dividend, Seabridge Gold’s (SA) drilling, Eurasian’s (EMXX) second quarter results, Gold Resource’s (GORO) purchases, and MAG Silver’s (MVG) drill results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Alexco

AXU +7.21% $2.38

2.  Tanzanian Royalty

TRX +3.77% $1.10

3.  Eurasian

EMXX +3.32% $1.24

 

LOSERS

1.  AngloGold

AU -5.25% $20.76

2.  B2Gold

BTG -4.05% $3.32

3.  Gold Standard

GSV -3.55% $2.72

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 2016

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 -- Published: Monday, 15 August 2016 | E-Mail  | Print  | Source: GoldSeek.com

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