• 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 22: Gold Chops Lower While Stocks Rebound

Chris Mullen
|
Tuesday, August 22nd
 

Close

Gain/Loss

Gold

$1285.60

-$6.10

Silver

$17.00

UNCH

XAU

84.87

-0.62%

HUI

197.88

-0.95%

GDM

642.84

-0.73%

JSE Gold

1362.75

-41.04

USD

93.52

+0.40

Euro

117.59

-0.50

Yen

91.37

-0.57

Oil

$47.64

+$0.27

10-Year

2.215%

+0.030

T-Bond

155.59375

-0.5625

Dow

21899.89

+0.90%

Nasdaq

6297.47

+1.36%

S&P

2452.51

+0.99%

 
http://www.goldseek.com/news/2017/8-22gsr.JPG

The Metals:

 

Gold fell $8.60 to $1283.10 in Asia before it rebounded to $1290.30 at about 9:30AM EST and then dropped back to $1282.10 in the next half hour of trade, but it then bounced back higher into midday and ended with a loss of just 0.47%. Silver slipped to as low as $16.877 and ended unchanged on the day.

 

Euro gold fell to about €1093, platinum lost $4 to $976, and copper climbed a couple of cents to about $3.00.

 

Gold and silver equities saw slight gains in the first 20 minutes of trade, but they then drifted back lower for most of the rest of the day and ended with modest losses.

The Economy:

 

Home Prices in U.S. Rose 6.6% in the Second Quarter, FHFA Says Bloomberg

FHFA: Home prices increase 6.6% in second quarter HousingWire

Yellen, Draghi Head to Jackson Hole Amid Inflation Unease Bloomberg

 

Tomorrow brings New Home Sales.

 

The Markets:

 

Oil rose almost 1% on expectations for another drop in tomorrow’s inventory report.

 

The U.S. dollar index saw decent gains and treasuries fell as the Dow, Nasdaq, and S&P gained roughly 1% on renewed hopes for tax reform and easing political tensions.

 

Among the big names making news in the market today were DSW, Macy’s, Johnson & Johnson, Kirkland, Amazon, 1confirmation, BHP Billiton, Coca-Cola, PespiCo, and Hyundai.

 

GATA Posts:

 

 

Jan Skoyles: How many claims of ownership on gold held by U.S.?

Press isn't any freer than the markets, GATA chairman says

Treasury secretary notes there's been no gold audit since 1953

After 40 years Fort Knox opens famed vault to (select) civilians

 

The Statistics:

As of close of business: 8/21/2017

Gold Warehouse Stocks:

8,697,722.750

-6,365.74

Silver Warehouse Stocks:

215,303,412.410

-42,542.16

 

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$32,993m

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$5,719m

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$6,308m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$461m

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: +0.99 change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 10,401.24: No change from yesterday’s data.

 

The Miners:

 

WINNERS

1. Northern Dynasty

NAK +10.88% $1.63

2. Gold Standard

GSV +4.68% $1.79

3. Freeport

FCX +2.31% $15.07

LOSERS

1. AngloGold

AU -6.63% $9.16

2. Pretivm

PVG -4.33% $8.18

3. Harmony

HMY -4.23% $1.81

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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