-- Published: Friday, 31 January 2014 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1244.90 | +$1.90 | -1.85% |
Silver | $19.16 | -$0.04 | -3.77% |
XAU | 90.71 | -0.49% | -2.13% |
HUI | 216.77 | -0.11% | -1.29% |
GDM | 650.40 | -0.27% | -0.87% |
JSE Gold | 1300.73 | +34.87 | +2.33% |
USD | 81.28 | +0.20 | +1.02% |
Euro | 134.87 | -0.69 | -1.41% |
Yen | 97.96 | +0.60 | +0.19% |
Oil | $97.49 | -$0.74 | +0.88% |
10-Year | 2.668% | -0.025 | -2.45% |
Bond | 133.875 | +0.59375 | +0.78% |
Dow | 15698.85 | -0.94% | -1.14% |
Nasdaq | 4103.87 | -0.47% | -0.59% |
S&P | 1782.59 | -0.65% | -0.43% |
The Metals:
Gold fell to $1238.62 in Asia before it rallied to as high as $1253.65 by a little after 8:30AM EST and then fell back off in the next six hours of trade, but it then bounced back higher into the close and ended with a gain of 0.15%. Silver slipped to $19.087 before it rebounded to $19.474 and then also fell back off, but it ended with a loss of just 0.21%.
Euro gold rose to about €923, platinum lost $6 to $1374, and copper fell four cents to about $3.20.
Gold and silver equities waffled near unchanged and ended slightly lower.
The Economy:
Report | For | Reading | Expected | Previous |
Personal Income | Dec | 0.0% | 0.2% | 0.2% |
Personal Spending | Dec | 0.4% | 0.2% | 0.6% |
PCE Prices - Core | Dec | 0.1% | 0.1% | 0.1% |
Employment Cost Index | Q4 | 0.5% | 0.4% | 0.4% |
Chicago PMI | Jan | 59.6 | 58.0 | 60.8 |
Michigan Sentiment | Jan | 81.2 | 80.4 | 80.4 |
All of this week’s other economic reports:
Next week’s economic highlights include the ISM Index and Construction Spending on Monday, Factory Orders on Tuesday, ADP Employment and ISM Services on Wednesday, Initial Jobless Claims, the Trade Balance, Productivity, and Unit Labor Costs on Thursday, and January’s jobs data and Consumer Credit on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell on worries about emerging markets that sent the U.S. dollar index higher.
Treasuries rose as the Dow, Nasdaq, and S&P fell on poor earnings reports.
Among the big names making news in the market Friday were Chevron, Microsoft, Wal-Mart, Simon Property, Legg Mason, Google, and MasterCard.
GATA Posts:
Koos Jansen: January's gold offtake in Shanghai likely to set record
Paul Craig Roberts and Dave Kranzler: Why is the Fed tapering?
The Statistics:
Activity from: 12/30/2014
Gold Warehouse Stocks: | 7,141,391.607 | +160.75 |
Silver Warehouse Stocks: | 179,408,694.852 | -414,468.32 |
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 | 793.155 | 25,500,732 | US$31,889m |
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$5,515m |
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$446m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 41.25 | 1,326,273 | US$1,676m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 0.6 tonnes.
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:
WINNERS
1. Richmont | RIC +6.38% $1.50 |
2. Allied Nevada | ANV +5.59% $4.91 |
3. Avino | ASM +4.35% $1.68 |
LOSERS
1. Newmont | NEM-10.37% $21.60 |
2. Alexco | AXU -3.03% $1.60 |
3. NovaGold | NG -2.35% $2.91 |
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: Friday, 31 January 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Almost 2% and 4% on the Week
