-- Published: Tuesday, 16 August 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1346.10 | +$6.70 |
Silver | $19.80 | -$0.01 |
XAU | 110.83 | -0.57% |
HUI | 275.08 | -0.73% |
GDM | 856.15 | -0.11% |
JSE Gold | 2624.51 | -99.17 |
USD | 94.77 | -0.83 |
Euro | 112.79 | +0.95 |
Yen | 99.73 | +0.98 |
Oil | $46.58 | +$0.84 |
10-Year | 1.576% | +0.023 |
T-Bond | 171.40625 | -0.34375 |
Dow | 18552.02 | -0.45% |
Nasdaq | 5227.11 | -0.66% |
S&P | 2178.15 | -0.55% |
The Metals:
Gold gained $15.57 to $1354.97 in London before it fell back to almost unchanged at $1341.93 at about 10AM EST, but it then chopped back higher in the next few hours of trade and ended with a gain of 0.5%. Silver climbed up to $20.097 before it dropped back to $19.729 and then also bounced back higher, but it still ended with a loss of 0.05%.
Euro gold fell to about €1193, platinum gained $6 to $1115, and copper climbed a couple of cents to about $2.17.
Gold and silver equities waffled near unchanged and ended slightly lower.
The Economy:
Report | For | Reading | Expected | Previous |
CPI | July | 0.0% | 0.0% | 0.2% |
Core CPI | July | 0.1% | 0.2% | 0.2% |
Housing Starts | July | 1211K | 1167K | 1186K |
Building Permits | July | 1152K | 1153K | 1153K |
Industrial Production | July | 0.7% | 0.3% | 0.4% |
Capacity Utilization | July | 75.9% | 75.7% | 75.4% |
U.S. inflation tame as economy gains momentum Reuters
World seeing ‘greatest monetary policy experiment in history’ - Rothschild RT Business
Fed's Lockhart open to at least one rate hike this year MarketWatch
Dudley Says September Hike Possible, Markets Too Complacent Bloomberg
Fed's Dudley says 'possible' to hike rates next month: FBN Reuters
Tomorrow brings FOMC Minutes.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose almost 2% as the U.S. dollar index fell notably after the pound jumped higher on rising inflation data in the UK.
Treasuries saw slight losses on hawkish fed commentary and decent housing and industrial output data that sent the Dow, Nasdaq, and S&P lower on concerns that an interest rate hike by the fed may be coming sooner than previously expected.
Among the big names making news in the market today were MGM Resorts, Dick’s Sporting Goods, BHP Billiton, and Rosneft.
GATA Posts:
Peter Grandich: Why the mother of all gold bull markets has begun
Silver is 'kryptonite' to central bankers suppressing gold, Murphy tells USAWatchdog
The Statistics:
As of close of business: 8/15/2016
Gold Warehouse Stocks: | 11,002,688.455 | -3,467.702 |
Silver Warehouse Stocks: | 156,349,688.146 | -85,417.23 |
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$41,494m |
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$5,995m |
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$6,612m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$484m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 34.88 | 1,121,361 | US$1,417m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 222.89: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,941.12: No change from yesterday’s data.
The Miners:
IAMGOLD’s (IAG) closed financing and Osisko Gold’s (OSK.TO) streamlined operations were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Northern Dynasty | NAK +10.64% $1.04 |
2. Eurasian | EMXX +10.49% $1.37 |
3. Almaden | AAU +5.52% $1.72 |
LOSERS
1. Avino | ASM -6.50% $2.59 |
2. Paramount | PZG -4.46% $2.14 |
3. Harmony | HMY -3.36% $4.31 |
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: Tuesday, 16 August 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Gains While Silver Slips With Stocks
