-- Published: Thursday, 24 August 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1286.20 | -$4.00 |
Silver | $16.95 | -$0.13 |
XAU | 86.13 | +0.56% |
HUI | 200.12 | +0.20% |
GDM | 648.91 | +0.43% |
JSE Gold | 1332.55 | -21.23 |
USD | 93.29 | +0.14 |
Euro | 118.03 | -0.16 |
Yen | 91.37 | -0.50 |
Oil | $47.43 | -$0.98 |
10-Year | 2.192% | +0.025 |
T-Bond | 156.0625 | -0.4375 |
Dow | 21783.40 | -0.13% |
Nasdaq | 6271.33 | -0.11% |
S&P | 2438.97 | -0.21% |
The Metals:
Gold ticked up to $1291.10 in Asia before it fell back to $1284.70 in London and then bounced back higher in morning New York trade, but it still ended with a loss of 0.31%. Silver slipped to as low as $16.828 and with a loss of 0.76%.
Euro gold fell to about €1090, platinum gained $2 to $977, and copper climbed 5 cents to about $3.04.
Gold and silver equities waffled near unchanged and ended with modest gains.
The Economy:
Fearful of awakening market bears, Yellen and Draghi to tread softly at Jackson Hole MarketWatch
Trump says U.S. debt ceiling 'mess' could have been avoided Reuters
Existing-home sales tumble to 2017 low as supply crunch bites MarketWatch
Below-Forecast U.S. Jobless Claims Signal Tight Labor Market Bloomberg
Tomorrow brings Durable Goods Orders and Fed Chair Yellen’s speech in Jackson Hole.
The Markets:
Oil dropped 2% on persistent oversupply concerns.
The U.S. dollar index traded mostly slightly higher and treasuries fell while the Dow, Nasdaq, and S&P held near unchanged ahead of central bank speeches in Jackson Hole this weekend.
Among the big names making news in the market today were Abercrombie & Fitch, Perry Ellis, First Bitcoin Capital, and Sears.
GATA Posts:
Jim Rickards: The truth about the Fort Knox gold
Embry to KWN: Sure, there's gold in the vaults, but who claims ownership?
Ronan Manly: Mnuchin's PR visit to Fort Knox proved nothing about U.S. gold reserves
Gold researcher Ronan Manly interviewed by newsletter writer Jay Taylor
The Statistics:
As of close of business: 8/23/2017
Gold Warehouse Stocks: | 8,697,722.750 | - |
Silver Warehouse Stocks: | 216,537,698.510 | +599,873.00 |
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$33,116m |
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$5,719m |
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$6,322m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$461m |
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:
Sandstorm’s (SAND) early warning report, Royal Gold’s (RGLD) dividend, Prospero’s (PSL.V) drilling with Fortuna (FSM), and Silvercorp’s (SVM) exploration results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Northern Dynasty | NAK +8.02% $1.75 |
2. Nevsun | NSU +8.02% $2.29 |
3. IAMGOLD | IAG +3.86% $6.19 |
LOSERS
1. Gold Fields | GFI -3.29% $4.12 |
2. Taseko | TGB -2.16% $1.81 |
3. Gold Standard | GSV -1.96% $1.75 |
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, 24 August 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Edge Lower Before Jackson Hole
