• Gold: 1,465.79 7.28
  • Silver: 16.96 0.15
  • Euro: 1.102 0.001
  • USDX: 98.326 -0.001
  • Oil: 56.3 -0.5

August 14: Gold and Silver Gain About 1% and 2%

Chris Mullen
|
Wednesday, August 14th
 

Close

Gain/Loss

Gold

$1335.00

+$13.30

Silver

$21.84

+$0.39

XAU

105.20

+4.91%

HUI

260.49

+5.61%

GDM

790.42

+5.22%

JSE Gold

1323.60

+31.24

USD

81.69

-0.04

Euro

132.59

-0.05

Yen

101.94

+0.13

Oil

$106.85

+$0.02

10-Year

2.712%

-0.003

T-Bond

132.65625

+0.03125

Dow

15337.66

-0.73%

Nasdaq

3669.27

-0.41%

S&P

1685.39

-0.52%

 
 

The Metals:

 

Gold fell to $1315.70 in Asia before it rebounded to $1327.00 at about 5AM EST and then dropped back to $1319.00 in the next four and half hours of trade, but it then jumped to as high as $1335.86 in New York and ended with a gain of 1.01%. Silver surged to as high as $21.851 and ended with a gain of 1.82%.

 

Euro gold climbed back above €1006, platinum rose $4.75 to $1500.25, and copper climbed a few cents to about $3.34.

 

Gold and silver equities rose over 5% by midmorning and remained near that level for the rest of the day.

The Economy:

 

Report

For

Reading

Expected

Previous

PPI

July

0.0%

0.3%

0.8%

Core PPI

July

0.1%

0.2%

0.2%

 

Tomorrow brings Initial Jobless Claims, CPI, Empire Manufacturing, New Long Term TIC Flows, Industrial Production, Capacity Utilization, the Philadelphia Fed, and the NAHB Housing Market Index.

 

The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil turned slightly higher after The Energy Information Administration reported that crude inventories fell 2.8 million barrels, gasoline inventories fell 1.2 million barrels, and distillates rose 2.0 million barrels.

 

The U.S. dollar index traded mostly slightly lower and treasuries saw modest gains ahead of tomorrow’s economic data.

 

The Dow, Nasdaq, and S&P fell on poor earnings reports and worries about the fed.

 

Among the big names making news in the market today were JPMorgan, Deere, Boeing, and Macy’s.

 

The Statistics:

As of close of business: 8/13/2013

Gold Warehouse Stocks:

6,967,250.492

-32,266.42

Silver Warehouse Stocks:

164,869,919.667

+382,927.48

 

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

911.130

29,293,742

US$38,836m

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$5,916m

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$8,004m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$478m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

42.66

1,371,410

US$1,803m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 177.60: No change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 10,453.72: +56.99 change from yesterday’s data.

 

The Miners:

 

Harmony Gold’s (HMY) full-year loss, Sandstorm’s (SAND) agreement to acquire Premier Royalty, Timberline’s (TLR) third quarter results, B2Gold’s (BTG) second quarter results, Minco Silver’s (MSV.TO) corporate update, and Santacruz Silver’s (SCZ.V) amended agreement were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. Allied Nevada

ANV +10.91% $4.37

2. First Majestic

AG +9.92% $14.41

3. Harmony

HMY +9.81% $4.14

LOSERS

1. Turquoise

TRQ -2.84% $4.79

2. Exeter

XRA -0.96% $1.03

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 2013

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