-- Published: Thursday, 8 September 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1337.50 | -$7.50 |
Silver | $19.62 | -$0.16 |
XAU | 99.28 | -1.78% |
HUI | 242.78 | -2.18% |
GDM | 776.26 | -2.10% |
JSE Gold | 2386.11 | +20.77 |
USD | 95.06 | +0.08 |
Euro | 112.56 | +0.17 |
Yen | 97.57 | -0.73 |
Oil | $47.62 | +$2.12 |
10-Year | 1.616% | -0.025 |
T-Bond | 170.09375 | -2.09375 |
Dow | 18479.91 | -0.25% |
Nasdaq | 5259.48 | -0.46% |
S&P | 2181.30 | -0.22% |
The Metals:
Gold gained $4.22 to $1349.22 in late Asian trade before it fell back to $1335.71 by early afternoon in New York and then bounced back higher in late trade, but it still ended with a loss of 0.56%. Silver slipped to as low as $19.571 and ended with a loss of 0.81%.
Euro gold fell to about €1188, platinum lost $4 to $1080, and copper remained at about $2.10.
Gold and silver equities fell about 2% by midday and remained near that level into the close.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 9/03 | 259K | 265K | 263K |
Consumer Credit | July | $17.7B | $16.0B | $14.5B |
Tomorrow brings Wholesale Inventories for July expected at 0.0%.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil jumped almost 5% higher after the Energy Information Administration reported that crude inventories fell 14.5 million barrels, gasoline inventories fell 4.2 million barrels, and distillates rose 3.4 million barrels.
The U.S. dollar index ended slightly higher in mixed trade.
The euro rose and treasuries fell after the ECB “left interest rates unchanged and stopped short of a formal commitment to further expand its asset-purchase program.”
The Dow, Nasdaq, and S&P drifted lower on disappointment over Draghi’s decision to not even consider or discuss more stimulus.
Among the big names making news in the market today were PulteGroup, Apple, MasterCard, Ford, and HP Enterprise.
GATA Posts:
Koos Jansen: China's rising gold ETF market -- a hybrid
The Statistics:
As of close of business: 9/7/2016
Gold Warehouse Stocks: | 10,920,897.369 | -8,398.25 |
Silver Warehouse Stocks: | 164,078,805.262 | +1,216,758.96 |
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 | 951.811 | 30,601,670 | US$41,107m |
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$5,941m |
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$6,577m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$480m |
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 0.324 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 225.39: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 11,281.84: +35.44 change from yesterday’s data.
The Miners:
Newmont’s (NEM) leading ranking in the Dow Jones Sustainability World Index, Harmony’s (HMY) new deposit in South Africa, Golden Star’s (GSS) new underground mining contractor, Eurasian’s (EMXX) drill results, McEwen’s (MUX) new CFO, and Tahoe’s (TAHO) dividend were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Mines Management | MGN +4.58% $1.37 |
2. Vista Gold | VGZ +2.86% $1.08 |
3. Buenaventura | BVN +1.40% $15.25 |
LOSERS
1. New Gold | NGD -5.16% $4.96 |
2. Almaden | AAU -4.91% $1.55 |
3. Exeter | XRA -4.76% $1.20 |
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, 8 September 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Drift Lower With Stocks
