-- Published: Wednesday, 23 August 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1290.20 | +$4.60 |
Silver | $17.08 | +$0.08 |
XAU | 85.64 | +0.90% |
HUI | 199.73 | +0.93% |
GDM | 646.33 | +0.51% |
JSE Gold | 1353.78 | -8.97 |
USD | 93.15 | -0.37 |
Euro | 118.19 | +0.60 |
Yen | 97.87 | +0.50 |
Oil | $48.41 | +$0.58 |
10-Year | 2.167% | -0.048 |
T-Bond | 156.50 | +0.90625 |
Dow | 21812.09 | -0.40% |
Nasdaq | 6278.41 | -0.30% |
S&P | 2444.04 | -0.35% |
The Metals:
Gold gained $5.50 to $1291.10 by a little after 8AM EST before it drifted back towards unchanged into midday, but it still ended with a gain of 0.36%. Silver rose to as high as $17.086 and ended with a gain of 0.47%.
Euro gold fell to about €1092, platinum lost $1 to $975, and copper fell slightly to about $2.99.
Gold and silver equities traded mostly slightly higher and ended with modest gains.
The Economy:
U.S. New-Home Sales Dropped in July After Solid First-Half Run Bloomberg
U.S. mortgage applications slip in last week: MBA Reuters
Trump threatens shutdown over border-wall funding, predicts end of Nafta MarketWatch
Tomorrow brings Initial Jobless Claims and Existing Home Sales.
The Markets:
Oil turned higher after the Energy Information Administration reported that crude inventories fell 3.3 million barrels, gasoline inventories fell 1.2 million barrels, and distillates remained unchanged.
The U.S. dollar index fell and treasuries rose as the Dow, Nasdaq, and S&P dropped after “President Donald Trump threatened Tuesday to bring the U.S. government to the brink of a shutdown if needed to pressure Congress into funding the border wall that was a centerpiece of his 2016 campaign.”
Among the big names making news in the market today were American Express, McDonald’s, Heineken, Wal-Mart, Google, and Uber.
GATA Posts:
Germany repatriates all the gold it planned to recover -- or was going to get
The Statistics:
As of close of business: 8/22/2017
Gold Warehouse Stocks: | 8,697,722.750 | - |
Silver Warehouse Stocks: | 215,937,825.510 | +634,413.10 |
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 | 799.286 | 25,697,857 | US$33,056m |
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$5,717m |
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$6,318m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$463m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 34.33 | 1,103,760 | US$1,383m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 215.47: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,401.24: No change from yesterday’s data.
The Miners:
Almaden’s (AAU) new assay results and Silver Bull’s (SVBL) channel samples were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Richmont | RIC +3.92% $7.95 |
2. IAMGOLD | IAG +3.47% $5.96 |
3. NovaGold | NG +3.38% $4.28 |
LOSERS
1. Tahoe Resources | TAHO -4.12% $5.35 |
2. Pretivm | PVG -3.67% $7.88 |
3. Seabridge | SA -0.87% $11.45 |
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, 23 August 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain While Stocks Slip
