-- Published: Wednesday, 31 August 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1308.30 | -$2.60 |
Silver | $18.65 | +$0.04 |
XAU | 90.17 | -1.82% |
HUI | 221.68 | -2.16% |
GDM | 708.45 | -1.93% |
JSE Gold | 2329.95 | -72.93 |
USD | 96.03 | -0.04 |
Euro | 111.54 | +0.10 |
Yen | 96.65 | -0.45 |
Oil | $44.70 | -$1.65 |
10-Year | 1.568% | -0.002 |
T-Bond | 171.75 | -0.03125 |
Dow | 18400.88 | -0.29% |
Nasdaq | 5213.22 | -0.19% |
S&P | 2170.95 | -0.24% |
The Metals:
Gold gained $5.19 to $1316.09 in Asia before it dropped down to $1304.50 in early New York trade, but it then bounced back higher in midmorning action and ended with a loss of just 0.2%. Silver rose to as high as $18.865 in Asia before it fell back to $18.578, but it still ended with a gain of 0.21%.
Euro gold fell to about €1173, platinum lost $5 to $1047, and copper remained at about $2.09.
Gold and silver equities fell roughly 2% in the first hour of trade and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
ADP Employment | Aug | 177K | 170K | 194K |
Chicago PMI | Aug | 51.5 | 54.5 | 55.8 |
Pending Home Sales | July | 1.3% | 0.7% | -0.8% |
Mortgage applications up 2.8% but refinancing applications should be higher CNBC
Tomorrow brings Initial Jobless Claims, Productivity, Construction Spending, and the ISM Index.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil extended lower after the Energy Information Administration reported that crude inventories rose 2.3 million barrels, gasoline inventories fell 700,000 barrels, and distillates rose 1.5 million barrels.
The U.S. dollar index and treasuries waffled near unchanged ahead of this Friday’s jobs data while the Dow, Nasdaq, and S&P fell on concerns about oil’s drop.
Among the big names making news in the market today were Deutsche Bank, Bill Gross, and Tesla.
GATA Posts:
Zero Hedge: Someone just dumped $5 billion in notional gold into the futures market
Bond king Gross says Fed has 'mastered market manipulation'
Gold withdrawals from New York Fed are increasing
The Statistics:
As of close of business: 8/30/2016
Gold Warehouse Stocks: | 10,932,454.629 | - |
Silver Warehouse Stocks: | 162,739,256.247 | +542,712.04 |
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 | 955.401 | 30,717,085 | US$40,202m |
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$5,806m |
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$6,421m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$469m |
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 subtracted 1.187 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 225.44: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 11,130.20: No change from yesterday’s data.
The Miners:
Osisko’s (OSK.TO) drill results and Randgold’s (GOLD) total voting rights were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Paramount | PZG +6.06% $1.75 |
2. Almaden | AAU +1.54% $1.32 |
3. Turquoise | TRQ +0.65% $3.08 |
LOSERS
1. McEwen | MUX -6.54% $3.43 |
2. Alexco | AXU -5.62% $1.68 |
3. DRDGOLD | DRD -5.62% $5.21 |
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, 31 August 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Trade Mixed As Market Waits For Jobs Data
