-- Published: Wednesday, 8 January 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1224.90 | -$7.40 |
Silver | $19.56 | -$0.31 |
XAU | 85.77 | -1.33% |
HUI | 201.00 | -1.59% |
GDM | 601.06 | -1.36% |
JSE Gold | 1041.46 | +2.98 |
USD | 81.02 | +0.17 |
Euro | 135.82 | -0.35 |
Yen | 95.43 | -0.18 |
Oil | $92.33 | -$1.34 |
10-Year | 2.993% | +0.056 |
Bond | 128.75 | -0.5625 |
Dow | 16462.74 | -0.41% |
Nasdaq | 4165.61 | +0.30% |
S&P | 1837.49 | -0.39% |
The Metals:
Gold fell $10.53 to $1221.77 at about 4:40AM EST before it rebounded to $1231.91 in the next two and half hours of trade and then fell to a new session low of $1218.83 after the release of today’s fed minutes, but it then bounced back higher in the last couple of hours of trade and ended with a loss of just 0.6%. Silver slipped to as low as $19.332 and ended with a loss of 1.56%.
Euro gold fell to about €902, platinum rose $4 to $1414, and copper fell slightly to about $3.35.
Gold and silver equities fell about 2% in the first fifteen minutes of trade before they bounced back higher at times, but they still ended with over 1% losses.
The Economy:
Report | For | Reading | Expected | Previous |
ADP Employment | Dec | 238K | 203K | 229K |
Consumer Credit | Nov | $12.3B | $15.2B | $17.9B |
Minutes from the fed’s December 18th meeting showed that:
“Federal Reserve officials agreed in December to start to wind down their asset-purchase program as most believed that the benefits of the controversial policy were eroding over time.”
Tomorrow at 8:30AM EST brings Initial Jobless Claims for 1/04 expected at 338,000.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell after the Energy Information Administration reported that crude inventories fell 2.68 million barrels, gasoline inventories rose 6.24 million barrels, and distillates rose 5.83 million barrels.
The U.S. dollar index rose on better than expected jobs data that sent treasuries lower.
The Dow, Nasdaq, and S&P traded mixed on concerns that strong economic data will encourage the fed to further taper its stimulus measures.
Among the big names making news in the market today were JC Penney, Microsoft, WellPoint, Monsanto, and Forest Labs.
GATA Posts:
Bron Suchecki: Tricks can be played with Comex gold storage data
Bundesbank changes its story about gold repatriated from New York Fed
Sinclair plans seminars in Asheville on Jan. 25 and in Austin on Feb. 8
The Statistics:
Activity from: 1/07/2014
Gold Warehouse Stocks: | 7,775,121.947 | -52,989.944 |
Silver Warehouse Stocks: | 176,879,843.508 | +601,047.96 |
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 | 794.621 | 25,547,853 | US$31,178m |
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$5,425m |
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$438m |
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: 161.83: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,909.49: No change from yesterday’s data.
The Miners:
WINNERS
1. Turquoise | TRQ +3.67% $3.39 |
2. MAG Silver | MVG +1.82% $5.60 |
3. Timmins | TGD +1.79% $1.14 |
LOSERS
1. B2Gold | BTG -6.36% $2.06 |
2. Tanzanian Royalty | TRX -4.55% $1.68 |
3. Seabridge | SA -4.35% $7.70 |
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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-- Published: Wednesday, 8 January 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Again
