-- Published: Wednesday, 29 January 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1269.80 | +$15.70 |
Silver | $19.78 | +$0.20 |
XAU | 93.15 | +2.21% |
HUI | 222.55 | +2.66% |
GDM | 665.47 | +2.60% |
JSE Gold | 1296.77 | +62.60 |
USD | 80.58 | +0.03 |
Euro | 136.55 | -0.01 |
Yen | 97.77 | +0.94 |
Oil | $97.36 | -$0.05 |
10-Year | 2.675% | -0.071 |
Bond | 133.375 | +0.75 |
Dow | 15738.79 | -1.19% |
Nasdaq | 4051.43 | -1.14% |
S&P | 1774.20 | -1.02% |
The Metals:
Gold edged down to $1250.95 in Asia before it climbed to see an over 1% gain at $1268.95 by a little before 9AM EST and then fell back to almost unchanged just after today’s fed announcement, but it then rallied back higher into the close and ended near its last minute high of $1270.11 with a gain of 1.25%. Silver slipped to $19.50 before it rallied to as high as $19.952 and then also fell back off at times, but it still ended with a gain of 1.02%.
Euro gold rose to almost €930, platinum gained $4.30 to $1410, and copper remained at about $3.25.
Gold and silver equities rose over 2% in the first 10 minutes of trade before they fell back to about unchanged by around 2PM EST, but they then bounced back higher in the last couple of hours of trade and ended near new session highs with about 2.5% gains.
The Economy:
U.S. mortgage applications near flat in latest week -MBA Reuters
The fed cut its stimulus plan by another $10 billion to $65 billion per month, as was widely expected.
Tomorrow brings Initial Jobless claims, GDP, and Pending Home Sales.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ended slightly lower and the U.S. dollar index closed barely higher as traders digested today’s fed announcement.
Treasuries rose as the Dow, Nasdaq, and S&P extended lower after today’s fed decision failed to calm market fears.
Among the big names making news in the market today were Dow Chemical, Teva, and Yahoo.
The Statistics:
Activity from: 1/28/2014
Gold Warehouse Stocks: | 7,141,230.857 | - |
Silver Warehouse Stocks: | 179,443,293.241 | -92,533.30 |
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$32,111m |
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$5,606m |
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$454m |
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:
Timberline’s (TLR) permitting progress, Gold Resources (GORO) dividend, and Hecla’s (HL) preliminary production results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Tanzanian Royalty | TRX +17.13% $2.12 |
2. Alexco | AXU +9.68% $1.70 |
3. Paramount | PZG +9.52% $1.15 |
LOSERS
1. Pretivm | PVG -1.75% $6.17 |
2. Almaden | AAU -1.44% $1.37 |
3. Coeur | CDE -0.94% $10.50 |
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, 29 January 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Over 1%
