• Gold: 1,279.99 -0.17
  • Silver: 17.00 -0.04
  • Euro: 1.177 0.000
  • USDX: 93.701 0.191
  • Oil: 52 0.39

August 23: Gold and Silver Gain While Stocks Slip

Chris Mullen
|
Wednesday, August 23rd

 

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%

 
http://www.goldseek.com/news/2017/8-23gsr.JPG

 

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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© Gold Seeker 2017

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