• Gold: 1,223.82 0.59
  • Silver: 14.42 0.00
  • Euro: 1.145 0.000
  • USDX: 96.179 -0.286
  • Oil: 57.39 0.31

August 14: Gold and Silver End Mixed

Chris Mullen
|
Tuesday, August 14th
 

Close

Gain/Loss

Gold

$1599.60

-$8.70

Silver

$27.79

+$0.04

XAU

154.99

-0.68%

HUI

422.48

-0.50%

GDM

1214.88

-0.71%

JSE Gold

2451.29

-5.68

USD

82.52

+0.11

Euro

132.24

-0.10

Yen

127.01

-0.68

Oil

$93.43

+$0.70

10-Year

1.726%

+0.062

T-Bond

147.50

-1.3125

Dow

13172.14

+0.02%

Nasdaq

3016.98

-0.18%

S&P

1403.93

-0.01%

 
 

The Metals:

 

Gold climbed $8 to $1616.30 in Asia before it fell back to $1589.28 in early New York trade, but it then bounced back higher midday and ended with a loss of just 0.54%. Silver rose to $28.02 before it dropped back to $27.64, but it then rallied back higher midday and ended with a gain of 0.14%.

 

Euro gold fell to about €1298, platinum gained $13.90 to $1396, and copper remained at about $3.36.

 

Gold and silver equities waffled near unchanged and ended with slight losses.

The Economy:

 

Report

For

Reading

Expected

Previous

Retail Sales

July

0.8%

0.2%

-0.7%

Retail Sales ex-auto

July

0.8%

0.3%

-0.8%

PPI

July

0.3%

0.2%

0.1%

Core PPI

July

0.4%

0.2%

0.2%

Business Inventories

Jun

0.1%

0.2%

0.3%

 

Tomorrow brings CPI, Empire Manufacturing, Net Long Term TIC Flows, Industrial Production, Capacity Utilization, and the NAHB Housing Market Index.

 

The Markets:

 

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

 

Oil and the U.S. dollar index found slight gains while treasuries fell on better than expected economic data that sent the Dow, Nasdaq, and S&P higher in early trade, but all three indices then fell back off in late trade and ended near unchanged.

 

Among the big names making news in the market today were Saks, JPMorgan, Home Depot, Groupon, Knight, and Cisco.

 

GATA Posts:

 

 

If there's ever journalism about gold, ask central banks these questions

 

The Statistics:

As of close of business: 8/13/2012

Gold Warehouse Stocks:

10,860,189.655

-3,332.22

Silver Warehouse Stocks:

138,302,321.808

+791,190.45

 

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)

SPDR® Gold Shares

1258.148

40,450,726

US$65,619m

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

Gold Bullion Securities

127.61

4,102,868

US$6,558m

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

ETFS Physical Gold

148.62

4,778,285

US$7,792m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$574m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

41.26

1,326,508

US$2,152m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 184.54: +0.94 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,742.43: No change from yesterday’s data.

 

The Miners:

 

Goldcorp’s (GG) gold production at Pueblo Viejo mine in the Dominican Republic, Comstock’s (LODE) second quarter results, Timmins Gold’s (TGD) second quarter results, Pretivm’s (PVG) drill results, Coeur’s (CDE) update on recent activities related to a legal dispute, and First Majestic’s (AG) second quarter results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. Loncor

LON +2.94% $1.05

2. IAMGOLD

IAG+1.87%$11.44

3. Jaguar

JAG +1.80% $1.13

LOSERS

1. Avino

ASM -4.69% $1.22

2. Great Panther

GPL -4.17% $1.61

3. Solitario

XPL -3.88% $1.24

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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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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