• Gold: 1,291.82 -1.85
  • Silver: 17.20 -0.07
  • Euro: 1.177 -0.002
  • USDX: 93.779 0.117
  • Oil: 56.4 -0.41

Gold Seeker Closing Report: Gold and Silver Fall Again

Chris Mullen
|
Tuesday, August 15th
 

Close

Gain/Loss

Gold

$1272.50

-$9.50

Silver

$16.65

-$0.42

XAU

82.20

-1.31%

HUI

192.53

-1.36%

GDM

627.45

-1.08%

JSE Gold

1335.16

-39.44

USD

93.81

+0.39

Euro

117.37

-0.50

Yen

90.00

-1.00

Oil

$47.55

-$0.04

10-Year

2.276%

+0.057

T-Bond

154.25

-0.90625

Dow

21998.99

+0.02%

Nasdaq

6333.01

-0.11%

S&P

2464.61

-0.05%

 
http://www.goldseek.com/news/2017/8-15gsr.JPG

The Metals:

 

Gold fell $14.30 to $1267.70 at about 9AM EST before it chopped back higher at times, but it still ended with a loss of 0.74%. Silver slipped to as low as $16.583 and ended with a loss of 2.46%.

 

Euro gold fell to about €1084, platinum lost $5 to $962, and copper fell a couple of cents to about $2.89.

 

Gold and silver equities dropped over 1% at the open and remained near that level for the rest of the day.

The Economy:

 

U.S. Housing Market Index Jumps More Than Expected In August

U.S. business inventories post biggest gain in seven months

Empire State factory index throttles to highest in nearly three years

US import prices rose 0.1% in July, as expected

Broad-Based Advance in U.S. Retail Sales Shows Solid Spending

 

Tomorrow brings Housing Starts, Building Permits, and FOMC Minutes.

 

The Markets:

 

Oil traded mostly lower but ended with only a modest loss ahead of tomorrow’s supply data.

 

The U.S. dollar index rose and treasuries fell again on better than expected economic data.

 

The Dow, Nasdaq, and S&P held near unchanged as easing geopolitical tensions were offset by interest rate uncertainty.

 

Among the big names making news in the market today were Home Depot, Uber, and Amazon.

 

GATA Posts:

 

Nico Simons: LBMA is the front for gold market rigging by central banks

With recession looming, central banks better make peace with negative rates

US dollar's fall could become a self-fulfilling prophecy

Silver is about to break free of central bank suppression, Turk tells KWN

 

The Statistics:

As of close of business: 8/14/2017

Gold Warehouse Stocks:

8,632,167.752

-

Silver Warehouse Stocks:

216,021,951.980

-91,333.45

 

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

791.008

25,431,705

US$32,301m

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$5,653m

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$6,248m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$456m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

34.33

1,103,760

US$1,383m

Note: Change in Total Tonnes from yesterday’s data: SPDR added 4.139 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 213.28: No change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 10,445.33: No change from yesterday’s data.

 

The Miners:

 

Great Panther’s (GPL) new vice presidents, Endeavour Silver’s (EXK) drill results, and Silvercorp’s (SVM) exploration program results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. Nevsun

NSU +3.90% $2.01

2. Franco Nevada

FNV +0.84% $70.55

3. Paramount

PZG +0.69% $1.40

LOSERS

1. McEwen

MUX -5.04% $2.23

2. B2Gold

BTG -3.95% $2.42

3. Gold Fields

GFI -3.65% $3.95

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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© Gold Seeker 2017

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