-- Posted Monday, 23 December 2013 | | Disqus
| Close | Gain/Loss |
Gold | $1198.50 | -$3.00 |
Silver | $19.44 | +$0.09 |
XAU | 80.49 | +0.07% |
HUI | 190.21 | +0.07% |
GDM | 565.29 | +0.09% |
JSE Gold | 970.12 | -4.46 |
USD | 80.43 | -0.09 |
Euro | 136.99 | +0.26 |
Yen | 96.09 | UNCH |
Oil | $98.91 | -$0.41 |
10-Year | 2.929% | +0.042 |
T-Bond | 130.59375 | -0.125 |
Dow | 16294.61 | +0.45% |
Nasdaq | 4148.90 | +1.08% |
S&P | 1827.99 | +0.53% |
The Metals:
Gold edged up to $1205.95 by a little before 4AM EST before it dropped down to $1192.93 in the next couple of hours of trade, but it then bounced back higher in New York and ended with a loss of just 0.25%. Silver climbed to as high as $19.532 by a little after 8AM EST before it fell back off into the close, but it still ended with a gain of 0.47%.
Euro gold fell to about €875, platinum lost $5.50 to $1324, and copper climbed slightly to about $3.33.
Gold and silver equities waffled near unchanged and ended slightly higher.
The Economy:
Report | For | Reading | Expected | Previous |
Personal Income | Nov | 0.2% | 0.5% | -0.1% |
Personal Spending | Nov | 0.5% | 0.5% | 0.4% |
PCE Prices – Core | Nov | 0.1% | 0.1% | 0.1% |
Michigan Sentiment | Dec | 82.5 | 83.3 | 82.5 |
Tomorrow brings Durable Goods Orders, the FHFA Housing Price Index, and New Home Sales.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell along with the U.S. dollar index in quiet trade.
Treasuries fell as the Dow, Nasdaq, and S&P climbed higher on a rosy economic outlook from the IMF.
Among the big names making news in the market today were Tiffany, Ally, and Jos A. Bank.
GATA Posts:
Drop in gold price fuels buying frenzy in Saudi Arabia
Indians working abroad start bringing huge amounts of gold back home legally
Sprott explains being contrarian; Rule notes gold's historic volatility
Chinese gold demand now may exceed world mine production
The Statistics:
As of close of business: 12/20/2013
Gold Warehouse Stocks: | 7,769,650.652 | +53,445.115 |
Silver Warehouse Stocks: | 173,227,067.766 | +260,460.01 |
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 | 814.119 | 26,174,741 | US$31,374m |
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$5,331m |
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$430m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 41.88 | 1,346,506 | US$1,674m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 5.4 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 165.36: -1.45 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,139.78: No change from yesterday’s data.
The Miners:
International Tower Hill’s (THM) management reorganization, Freeport’s (FCX) restructured employment arrangement with its CEO, Rio Tinto’s (RIO) strategic review of its shareholding in Northern Dynasty (NAK), and Barrick’s (ABX) mine sale were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Gold Resource | GORO +2.79% $4.79 |
2. Tanzanian Royalty | TRX +2.34% $1.75 |
3. Turquoise | TRQ +2.20% $3.25 |
LOSERS
1. Northern Dynasty | NAK -17.79% $1.34 |
2. Avino | ASM -5.22% $1.09 |
3. Sandstorm | SAND -4.31% $4.00 |
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, 23 December 2013 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Mixed
