-- Published: Wednesday, 15 January 2014 | Print | Disqus
Please Note: There will be some interruptions in this otherwise daily report over the next few weeks. We hope to return to our regular schedule as soon as possible.
| Close | Gain/Loss |
Gold | $1240.60 | -$2.80 |
Silver | $20.15 | -$0.04 |
XAU | 88.94 | +1.39% |
HUI | 208.96 | +1.13% |
GDM | 620.29 | +0.80% |
JSE Gold | 1107.19 | -9.76 |
USD | 81.01 | +0.38 |
Euro | 136.06 | -0.73 |
Yen | 95.93 | -0.26 |
Oil | $94.17 | +$1.58 |
10-Year | 2.884% | +0.015 |
Bond | 130.53125 | -0.125 |
Dow | 16481.94 | +0.66% |
Nasdaq | 4214.88 | +0.76% |
S&P | 1848.39 | +0.52% |
The Metals:
Gold fell $9 to $1234.40 at about 9:30AM EST before it bounced back higher in late morning New York trade and then edged back lower in early afternoon trade, but it then rallied back higher in the last 100 minutes of trade and ended with a loss of just 0.23%. Silver slipped to as low as $19.949 at one point, but it then rallied back to as high as $20.21 and ended with a loss of just 0.2%.
Euro gold rose to about €912, platinum remained at $1424, and copper climbed a couple of cents to about $3.35.
Gold and silver equities fell over 1% at the open, but they then rose to see about 1% gains by midmorning and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
PPI | Dec | 0.4% | 0.3% | -0.1% |
Core PPI | Dec | 0.3% | 0.1% | 0.1% |
Empire Manufacturing | Jan | 12.5 | 3.5 | 2.2 |
U.S. mortgage applications jump in latest week -MBA Reuters
The fed’s Beige Book “said “moderate” growth across most of the country last month was buoyed by gains in holiday spending by consumers, an improving labor market and strength in manufacturing.”
Tomorrow brings Initial Jobless Claims, CPI, Net Long-Term TIC Flows, the Philadelphia Fed, and the NAHB Housing Market Index.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil jumped higher after the Energy Information Administration reported that crude inventories fell 7.7 million barrels, gasoline inventories rose 6.2 million barrels, and distillates fell 1.0 million barrels.
The U.S. dollar index rose on strong economic data that sent treasuries lower and the Dow, Nasdaq, and S&P higher.
Among the big names making news in the market today were JPMorgan, Wells Fargo, Marvell, GM, Bank of America, and Deutsche Bank.
GATA Posts:
Deutsche, Citi feel the heat of widening FX investigation
The Statistics:
Activity from: 1/14/2014
Gold Warehouse Stocks: | 7,809,243.617 | -0.151 |
Silver Warehouse Stocks: | 174,778,465.011 | -97,398.29 |
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 | 789.556 | 25,385,022 | US$31,762m |
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$5,496m |
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$445m |
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: 9,894.53: No change from yesterday’s data.
The Miners:
Turquoise Hill’s (TRQ) fourth quarter production, Midway’s (MDW) groundbreaking ceremony, Sandstorm’s (SAND) resumed mine operations, and Newcrest’s (NCM.AU) quarterly output were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Tanzanian Royalty | TRX +6.04% $1.93 |
2. Almaden | AAU +5.51% $1.34 |
3. McEwen | MUX +5.41% $2.34 |
LOSERS
1. Yamana | AUY -1.81% $9.24 |
2. Northern Dynasty | NAK -1.43% $1.38 |
3. Seabridge | SA -1.35% $8.03 |
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, 15 January 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Lower
