-- Published: Tuesday, 28 January 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1254.10 | -$1.00 |
Silver | $19.58 | -$0.05 |
XAU | 91.14 | +1.74% |
HUI | 216.78 | +1.84% |
GDM | 648.67 | +1.76% |
JSE Gold | 1234.17 | -35.93 |
USD | 80.55 | +0.07 |
Euro | 136.68 | -0.08 |
Yen | 97.22 | -0.33 |
Oil | $97.41 | +$1.69 |
10-Year | 2.746% | -0.020 |
Bond | 132.59375 | +0.25 |
Dow | 15928.56 | +0.57% |
Nasdaq | 4097.96 | +0.35% |
S&P | 1792.50 | +0.61% |
The Metals:
Gold popped up to $1261.39 in early New York trade before it fell back off into midmorning, but it then bounced back higher in the last few hours of trade and ended with a loss of just 0.08%. Silver slipped to as low as $19.488 and ended with a loss of 0.25%.
Euro gold fell to about €917, platinum remained at $1405.70, and copper fell a couple of cents to about $3.25.
Gold and silver equities traded mostly slightly higher and ended with almost 2% gains.
The Economy:
Report | For | Reading | Expected | Previous |
Durable Goods | Dec | -4.3% | 2.1% | 2.6% |
Durable Goods -ex trans. | Dec | -1.6% | 0.6% | 0.1% |
Case-Shiller 20-city Index | Nov | 13.7% | 13.8% | 13.6% |
Consumer Confidence | Jan | 80.7 | 77.5 | 77..5 |
Tomorrow at 2PM EST brings a FOMC rate decision.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil climbed higher on continued cold weather that raised demand expectation.
The U.S. dollar index edged higher as the yen continued to fall ahead of tomorrow’s fed meeting.
Treasuries turned up after today’s $32 billion 2-year note auction sold at a yield of 0.38% with a bid to cover of 3.3.
The Dow, Nasdaq, and S&P traded mostly higher on a better than expected Consumer Confidence reading.
Among the big names making news in the market today were J.C. Penney, Apple, Martin Marietta, AIG, Comcast, Jefferies, DuPont, and D.R. Horton.
GATA Posts:
Richard Russell: A gold-backed yuan or a debt-backed Federal Reserve note?
Gold flows east as bars recast for Chinese defy slump
The Statistics:
Activity from: 1/27/2014
Gold Warehouse Stocks: | 7,141,230.857 | -321,500.00 |
Silver Warehouse Stocks: | 179,535,826.541 | +551,983.018 |
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 | 790.456 | 25,413,962 | US$31,787m |
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$5,562m |
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$449m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 41.25 | 1,326,303 | US$1,672m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 161.37: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,029.22: No change from yesterday’s data.
The Miners:
Franco-Nevada’s (FNV) updates, Allied Nevada’s (ANV) metallurgical test program, and Richmont’s (RIC) increase in its indicated and inferred gold resources were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Avino | ASM +6.76% $1.516 |
2. Rubicon | RBY +6.09% $1.22 |
3. Endeavour Silver | EXK +4.85% $4.32 |
LOSERS
1. Tanzanian Royalty | TRX -4.74% $1.81 |
2. Comstock | LODE -1.07% $1.85 |
3. Rio Alto | RIOM -1.00% $1.99 |
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: Tuesday, 28 January 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Barely Lower
