• Gold: 1,303.04 -8.10
  • Silver: 17.16 -0.14
  • Euro: 1.191 -0.008
  • USDX: 92.161 0.368
  • Oil: 50.85 0.58

August 28: Gold and Silver Gain Roughly 2%

Chris Mullen
|
Monday, August 28th

 

Close

Gain/Loss

Gold

$1311.50

+$20.40

Silver

$17.46

+$0.42

XAU

89.18

+3.91%

HUI

209.08

+3.95%

GDM

671.68

+3.12%

JSE Gold

1354.55

+23.60

USD

92.26

-0.26

Euro

119.77

+0.57

Yen

91.62

+0.05

Oil

$46.57

-$1.30

10-Year

2.162%

-0.009

T-Bond

156.65625

+0.125

Dow

21808.40

-0.02%

Nasdaq

6283.02

+0.28%

S&P

2444.24

+0.05%

 
http://www.goldseek.com/news/2017/8-28gsr.JPG

 

The Metals:

 

Gold rose throughout most of world trade and ended near its late session high of $1312.00 with a gain of 1.58%.  Silver rose to as high as $17.476 and ended with a gain of 2.47%.

 

Euro gold rose to about €1095, platinum gained $16 to $986, and copper climbed 3 cents to about $3.07.

 

Gold and silver equities rose roughly 3% by late morning and remained near that level for the rest of the day.

 

The Economy:

 

U.S. goods trade deficit widens in July; retail inventories fall  Reuters

 

Tomorrow brings the S&P Corelogic Case-Shiller HPI and Consumer Confidence.

 

The Markets:

 

Oil fell almost 3% on concerns about refinery shutdowns.

 

The U.S. dollar index continued to fall in further reaction to comments from central bankers in Jackson Hole on Friday.

 

Treasuries saw slight gains as the Dow, Nasdaq, and S&P waffled near unchanged on uncertainty about the impacts of Hurricane Harvey.

 

Among the big names making news in the market today were GE, Amazon, Kite Pharma, Expedia, and Tesla.

 

GATA Posts:

 

 

Dollar's fall signals that rates won't rise, Sperandeo tells KWN

Central banks won't audit their gold because it's gone or impaired, von Greyerz says

 

The Statistics:

As of close of business: 8/25/2017

Gold Warehouse Stocks:

8,697,497.700

-

Silver Warehouse Stocks:

217,082,270.237

+567,697.594

 

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

805.199

25,887,949

US$33,264m

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$5,747m

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$6,342m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$471m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

33.35

1,072,236

US$1,378m

Note: Change in Total Tonnes from yesterday’s data: SPDR added 5.913 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 216.36: +0.45 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,363.03: No change from yesterday’s data.

 

The Miners:

 

Yamana’s (AUY) board appointment, Harmony Gold’s (HMY) trapped miners, and Silver Bear’s (SBR.TO) amended report were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Alexco

AXU +12.77% $1.59

2.  Silvercorp

SVM +10.71% $3.10

3.  McEwen

MUX +9.83% $2.57

 

 

LOSERS

1.  Paramount

PZG -3.17% $1.51

2.  Northern Dynasty

NAK -1.12% $1.76

3.  Nevsun

NSU -0.88% $2.24

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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© Gold Seeker 2017

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