-- Published: Thursday, 1 September 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1313.30 | +$5.00 |
Silver | $18.87 | +$0.22 |
XAU | 93.32 | +3.49% |
HUI | 231.26 | +4.32% |
GDM | 730.21 | +3.07% |
JSE Gold | 2371.72 | +41.77 |
USD | 95.62 | -0.41 |
Euro | 112.01 | +0.43 |
Yen | 96.90 | +0.20 |
Oil | $43.16 | -$1.54 |
10-Year | 1.570% | +0.002 |
T-Bond | 171.96875 | +0.125 |
Dow | 18419.30 | +0.10% |
Nasdaq | 5227.21 | +0.27% |
S&P | 2170.86 | -0.00% |
Don’t miss today’s news from Brazil Resources - Brazil Resources completes acquisition of Titiribi Gold-Copper Project from NovaCopper
Amir Adnani, Chairman of Brazil Resources, commented: "We are very pleased to complete the acquisition of the Titiribi Project, which we anticipate will deliver significant value accretion to our shareholders. The Company continues to execute on its stated mandate to uncover opportunities and acquire quality gold assets."
The Metals:
Gold saw slight gains in Asia before it dropped down to $1302.62 at about 9AM EST, but it then jumped to $1314.88 in the next four hours of trade and ended with a gain of 0.38%. Silver rose to as high as $18.928 and ended with a gain of 1.18%.
Euro gold remained at about €1173, platinum lost $3 to $1044, and copper remained at about $2.09.
Gold and silver equities fell over 1% at the open, but they then climbed back higher for most of the rest of trade and ended over 3% higher on the day.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 8/27 | 263K | 265K | 261K |
Productivity | Q2 | -0.6% | -0.6% | -0.5% |
Unit Labor Costs | Q2 | 4.3% | 2.1% | 2.0% |
Construction Spending | July | 0.0% | 0.6% | 0.9% |
ISM Index | Aug | 49.4 | 52.2 | 52.6 |
Tomorrow brings August’s jobs data, the Trade Balance, and Factory Orders.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil extended over 3% lower after yesterday’s stockpile build elevated supply concerns.
The U.S. dollar index fell and treasuries rose after today’s disappointing manufacturing data reduced expectations for an interest rate hike by the fed.
The Dow, Nasdaq, and S&P traded mixed and ended near unchanged on worries about the economy.
Among the big names making news in the market today were Samsung, GM, Ford, and Campbell.
GATA Posts:
Asia loosens London’s grip on FX trading
Ted Butler: How prices get set
The Statistics:
As of close of business: 8/31/2016
Gold Warehouse Stocks: | 10,932,872.579 | +417.95 |
Silver Warehouse Stocks: | 162,921,001.297 | +181,745.05 |
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 | 943.232 | 30,325,860 | US$39,697m |
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$5,835m |
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$6,447m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$471m |
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 12.169 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 225.44: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 11,189.28: +59.08 change from yesterday’s data.
The Miners:
Barrick’s (ABX) appointment of a new executive to lead the Argentine side of its mothballed Pascua-Lama project in South America and Aurcana’s (AUN.V) updated Preliminary Economic Assessment in Texas were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Harmony | HMY +11.05% $3.92 |
2. Alexco | AXU +9.52% $1.84 |
3. Primero | PPP +8.67% $1.63 |
LOSERS
1. Paramount | PZG -2.29% $1.71 |
2. First Majestic | AG -1.91% $11.79 |
3. DRDGOLD | DRD -0.58% $5.18 |
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: Thursday, 1 September 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Before Jobs Day
