-- Posted Monday, 16 December 2013 | | Disqus
| Close | Gain/Loss |
Gold | $1240.70 | +$3.10 |
Silver | $19.96 | +$0.26 |
XAU | 82.93 | +0.96% |
HUI | 197.32 | +0.89% |
GDM | 586.25 | +0.99% |
JSE Gold | 1023.52 | -4.48 |
USD | 80.07 | -0.12 |
Euro | 137.66 | +0.23 |
Yen | 97.09 | +0.15 |
Oil | $97.48 | +$0.88 |
10-Year | 2.877% | +0.009 |
T-Bond | 130.78125 | -0.34375 |
Dow | 15884.57 | +0.82% |
Nasdaq | 4029.54 | +0.71% |
S&P | 1786.54 | +0.63% |
The Metals:
Gold fell $9.82 to $1227.78 by a little after 4AM EST before it climbed to as high as $1251.67 in late morning New York trade, but it then drifted back lower in afternoon trade and ended with a gain of just 0.25%. Silver slipped to $19.465 before it jumped to as high as $20.296 and then also fell back off, but it still ended with a gain of 1.32%.
Euro gold rose to over €901, platinum lost $1 to $1359.00, and copper climbed a few cents to about $3.35.
Gold and silver equities rose about 1% by midmorning and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Empire Manufacturing | Dec | 1.0 | 5.0 | -2.2 |
Productivity | Q3 | 3.0% | 2.7% | 1.9% |
Unit Labor Costs | Q3 | -1.4% | -1.3% | -0.6% |
Net Long-Term TIC Flows | Oct | $35.4B | - | $31.3B |
Industrial Production | Nov | 1.1% | 0.4% | 0.1% |
Capacity Utilization | Nov | 79.0% | 78.4% | 78.2% |
Tomorrow brings CPI, the Current Account Balance, and the NAHB Housing Market Index.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose on worries about the closure of Libyan oil ports.
The U.S. dollar index fell as the euro climbed higher after a better than expected PMI reading for the 17-nation euro bloc.
Treasuries waffled near unchanged as traders positioned themselves ahead of this week’s fed meeting.
The Dow, Nasdaq, and S&P jumped higher on positive M&A news and thoughts that the fed may delay its tapering of bond purchases into next year.
Among the big names making news in the market today were Honda, Amazon, Avago, Microsoft, Bank of America, and AIG.
GATA Posts:
Alasdair Macleod: FOMC, taper talk, and the gold price
Smuggling, politics pushing Indian government to reconsider gold import limits
Write to Congress to protest monetary metals market manipulation
Alasdair Macleod: Value vs. momentum and the gold price
GATA will be part of Mines and Money Hong Kong conference in March
Peak Resources video cites gold market manipulation and GATA
Koos Jansen: China will have imported 2,000 tonnes of gold this year
Volatility faked out gold investors in the 1970s too, Sprott's Rule says
Cheviot's Naylor-Leyland interviewed by TF Metals Report on gold manipulation
The Statistics:
As of close of business: 12/13/2013
Gold Warehouse Stocks: | 7,648,929.217 | +94,293.719 |
Silver Warehouse Stocks: | 171,399,201.294 | +394,499.24 |
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 | 827.604 | 26,608,309 | US$32,836m |
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$5,540m |
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$8,004m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$447m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 41.88 | 1,346,506 | US$1,674m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 167.90: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,139.78: -23.96 change from yesterday’s data.
The Miners:
Centerra Gold’s (CG.TO) possible arbitration with Kyrgyzstan, Gold Resource’s (GORO) completed mill expansion, Turquoise Hill’s (TRQ) financing update, Timmins Gold’s (TGD) extended credit facility, Primero’s (PPP) plans to acquire Brigus Gold (BRD), and Great Panther’s (GPL) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. DRDGOLD | DRD +27.79% $4.23 |
2. Silver Standard | SSRI +8.25% $6.82 |
3. Northern Dynasty | NAK +7.89% $1.23 |
LOSERS
1. Alexco | AXU -7.19% $1.29 |
2. Primero | PPP -6.52% $4.59 |
3. Pretivm | PVG -1.94% $5.55 |
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 2013
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-- Posted Monday, 16 December 2013 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Closing Report: Gold Gains and Silver Surges
