• Gold: 1,255.13 -0.67
  • Silver: 15.97 -0.07
  • Euro: 1.175 -0.001
  • USDX: 93.932 0.443
  • Oil: 57.26 0.11

August 27: Gold and Silver End Near Unchanged

Chris Mullen
|
Monday, August 27th
 

Close

Gain/Loss

Gold

$1663.90

-$5.90

Silver

$30.68

+$0.01

XAU

166.37

-1.26%

HUI

449.85

-1.33%

GDM

1297.53

-1.29%

JSE Gold

2402.94

-27.34

USD

81.69

+0.06

Euro

124.98

-0.14

Yen

126.99

-0.13

Oil

$95.47

-$0.68

10-Year

1.649%

-0.029

T-Bond

148.875

+0.50

Dow

13124.67

-0.25%

Nasdaq

3073.19

+0.11%

S&P

1410.44

-0.05%

 
 

 

The Metals:

 

Gold climbed up to $1676.74 in Asia, but it then fell back off in London and New York and ended with a loss of 0.35%. Silver surged to as high as $31.241 in Asia before it also fell back off, but it still ended with a gain of 0.03%.

 

Euro gold fell to about €1331, platinum lost $7 to $1537.00, and copper fell slightly to about $3.48.

 

Gold and silver equities waffled near unchanged for most of the morning, but they then fell back off in afternoon trade and ended with over 1% losses.

 

The Economy:

 

There were no major economic reports today. Tomorrow at 9AM EST brings the Case-Shiller 20-city Index for June expected at -0.3% and at 10AM is Consumer Confidence for August expected at 65.7.

 

The Markets:

 

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

 

Oil fell as the U.S. dollar index ended with a slight gain ahead of Bernanke’s Jackson Hole speech later this week.

 

Treasuries rose as the Dow, Nasdaq, and S&P fell in late trade and ended mixed on apprehension about what Bernanke may say.

 

Among the big names making news in the market today were Ask.com and About.com, IBM and Kenexa, AOL, Hertz and Dollar Thrifty, Tiffany, Best Buy, Samsung, M&T and Hudson City, and Nokia, Microsoft, and Samsung.

 

GATA Posts:

 

 

Eric Fry: Fed officials are 'champions of dishonesty' for rigging markets

Ron Paul feted in raucous six-hour farewell rally in Tampa

 

The Statistics:

As of close of business: 8/24/2012

Gold Warehouse Stocks:

11,045,596.956

+196,989.381

Silver Warehouse Stocks:

138,971,215.648

-948,613.09

 

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)

SPDR® Gold Shares

1286.502

41,362,339

US$68,929m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities

127.75

4,107,325

US$6,860m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold

148.71

4,781,044

US$7,796m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$599m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

41.26

1,326,494

US$2,121m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 188.27: +2.94 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,775.59: -45.22 change from yesterday’s data.

 

The Miners:

 

Claude’s (CGR) drill results, Silvercorp’s (SVM) drill results, First Majestic’s (AG) new Vice President of Exploration, and Coeur’s (CDE) fatal accident were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. Almaden

AAU +11.76% $2.66

2. Northern Dynasty

NAK +7.53% $2.57

3. Loncor

LON +3.63% $1.14

 

LOSERS

1. Richmont

RIC-5.87% $4.01

2. Vista Gold

VGZ-4.38% $3.06

3. AngloGold

AU-3.87% $32.38

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

 

- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2012

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

 

 

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