-- Published: Tuesday, 23 August 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1338.60 | UNCH |
Silver | $18.88 | -$0.03 |
XAU | 103.89 | -1.72% |
HUI | 257.33 | -1.98% |
GDM | 708.27 | -1.47% |
JSE Gold | 2478.85 | -38.25 |
USD | 94.54 | +0.02 |
Euro | 11304 | -0.18 |
Yen | 99.78 | +0.07 |
Oil | $48.10 | +$0.69 |
10-Year | 1.553% | +0.014 |
T-Bond | 172.5625 | +0.1875 |
Dow | 18547.30 | +0.10% |
Nasdaq | 5260.08 | +0.30% |
S&P | 2186.90 | +0.20% |
The Metals:
Gold gained $6.05 to $1344.65 in early New York trade before it fell to see a slight loss by midday, but it then edged back higher in early afternoon action and ended unchanged on the day. Silver rose to as high as $19.114 in Asia, but it then drifted back lower into the close and ended with a loss of 0.16%.
Euro gold rose to about €1184, platinum lost $0.50 to $1100.50, and copper fell a few cents to about $2.12.
Gold and silver equities fell almost 2% by midday and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
New Home Sales | July | 654K | 580K | 582K |
Tomorrow brings the FHFA Housing Price Index and Existing Home Sales.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil turned higher on reports that Iran may support a production freeze.
The U.S. dollar index erased early losses on interest rate uncertainty.
Treasuries traded mixed as the Dow, Nasdaq, and S&P saw modest gains on mostly better than expected earnings reports.
Among the big names making news in the market today were Bank of Montreal, Smucker, Valeant, and Best Buy.
GATA Posts:
Monetary policy has nationalized Japanese stock market, CLSA analyst says
India's gold smugglers shut out refiners and banks
Robert Appel: Technical analysis is of little use in manipulated gold market
The Statistics:
As of close of business: 8/22/2016
Gold Warehouse Stocks: | 11,020,512.828 | +3,999.97 |
Silver Warehouse Stocks: | 157,511,552.957 | +877,523.735 |
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 | 958.369 | 30,812,510 | US$41,340m |
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$5,949m |
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$6,570m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$481m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 38.56 | 1,239,670 | US$1,656m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 2.375 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 223.85: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 11,159.74: No change from yesterday’s data.
The Miners:
Gold Resource’s (GORO) drill results and Excellon’s (EXN.TO) new geology VP were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Silver Standard | SSRI +1.60% $14.64 |
2. Great Panther | GPL +1.50% $1.35 |
3. Freeport | FCX +1.27% $11.98 |
LOSERS
1. Paramount | PZG -7.50% $1.85 |
2. Pretivm | PVG -6.19% $10.61 |
3. Almaden | AAU -5.39% $1.47 |
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, 23 August 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Near Unchanged In Quiet Trade
