• Gold: 1,307.11 -4.03
  • Silver: 17.23 -0.07
  • Euro: 1.195 -0.005
  • USDX: 91.631 -0.162
  • Oil: 50.91 0.64

August 14: Gold and Silver Fall as Dollar Climbs With Stocks

Chris Mullen
|
Monday, August 14th
 

Close

Gain/Loss

Gold

$1282.00

-$9.30

Silver

$17.07

-$0.04

XAU

83.29

-0.95%

HUI

195.19

-1.37%

GDM

634.97

-1.05%

JSE Gold

1374.60

-4.21

USD

93.42

+0.35

Euro

117.87

-0.36

Yen

91.00

-0.61

Oil

$47.59

-$1.23

10-Year

2.219%

+0.0262

T-Bond

155.03125

-0.4375

Dow

21993.71

+0.62%

Nasdaq

6340.23

+1.34%

S&P

2465.84

+1.00%

 
http://www.goldseek.com/news/2017/8-14gsr.JPG

The Metals:

 

Gold fell $12.60 to $1278.70 in London before it bounced back higher throughout most of the morning in New York, but it then drifted back lower in afternoon trade and ended with a loss of 0.72%. Silver slipped to as low as $16.932 and ended with a loss of 0.23%.

 

Euro gold closed at €1088, platinum dropped to $967, and copper fell slightly to about $2.91.

 

Gold and silver equities lost roughly 1% at the open and remained near that level for the rest of the day.

The Economy:

 

There were no major economic reports today. Tomorrow brings Retail Sales, Import and Export Prices, the Empire State Manufacturing Survey, Business Inventories, the Housing Market Index, and TIC flows.

 

The Markets:

 

Oil fell over 2% on easing tensions over North Korea that sent the U.S. dollar index higher and treasuries lower.

 

The Dow, Nasdaq, and S&P rose roughly 1% at the open and remained near that level for the rest of the day.

 

Among the big names making news in the market today were Snap, Tesla, and Amazon.

 

GATA Posts:

 

On GoldSeek Radio, GATA Chairman Murphy looks for key to gold's next rise

India's gold imports rebound on restocking, good monsoon, top refiner says

 

The Statistics:

As of close of business: 8/11/2017

Gold Warehouse Stocks:

8,632,167.752

-1,993.299

Silver Warehouse Stocks:

216,113,285.430

+131,667.307

 

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

786.869

25,298,624

US$32,435m

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$5,704m

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$6,303m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 213.28.

Silver Trust (SLV) Total Tonnes in Trust: 10,445.33.

 

The Miners:

 

Avino’s (ASM) drill results and Great Panther’s (GPL) drill results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. Gold Resource

GORO +2.88% $3.57

2. Endeavour Silver

EXK +2.78% $2.22

3. Almaden

AAU +1.82% $1.12

LOSERS

1. Harmony

HMY -4.84% $1.77

2. Eldorado

EGO -4.50% $1.91

3. Yamana

AUY -3.72% $2.59

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 2017

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