-- Published: Monday, 3 February 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1257.80 | +$12.90 |
Silver | $19.35 | +$0.19 |
XAU | 89.92 | -0.87% |
HUI | 216.44 | -0.15% |
GDM | 648.16 | -0.32% |
JSE Gold | 1308.60 | +7.87 |
USD | 81.03 | -0.25 |
Euro | 135.27 | +0.42 |
Yen | 99.04 | +1.01 |
Oil | $96.43 | -$1.06 |
10-Year | 2.581% | -0.087 |
Bond | 134.875 | +1.28125 |
Dow | 15372.80 | -2.08% |
Nasdaq | 3996.95 | -2.61% |
S&P | 1741.89 | -2.28% |
The Metals:
Gold edged down to $1241.59 in late Asian trade, but it then jumped to as high as $1265.32 in New York and ended with a gain of 1.04%. Silver surged to as high as $19.585 and ended with a gain of 0.99%.
Euro gold rose to about €930, platinum gained $7 to $1381, and copper fell slightly to about $3.19.
Gold and silver equities rose about 2% in the first half hour of trade, but they then fell back off for most of the rest of trade and ended slightly lower.
The Economy:
Report | For | Reading | Expected | Previous |
ISM Index | Jan | 51.3 | 56.0 | 56.5 |
Construction Spending | Dec | 0.1% | 0.1% | 0.8% |
Yellen sworn in as first woman Fed chair Reuters
Treasury's Lew warns that U.S. default could happen quickly Reuters
Tomorrow at 10AM EST brings Factory Orders for December expected at -1.7%.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell along with the U.S. dollar index on poor economic data that sent treasuries higher and the Dow, Nasdaq, and S&P lower.
Among the big names making news in the market today were GM, Chrysler, and Herbalife.
GATA Posts:
Koos Jansen: The need for China to buy gold
Zero Hedge: Morgan corners gold with 60% of all U.S. gold derivatives
And still they impute crime to gold and bitcoin
Jeff Lewis: Price manipulation awareness may keep the mainstream away
The Statistics:
Activity from: 1/31/2014
Gold Warehouse Stocks: | 7,081,261.890 | -60,129.65 |
Silver Warehouse Stocks: | 179,297,067.192 | -111,627.66 |
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$32,168m |
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$5,602m |
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$453m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 41.25 | 1,326,273 | US$1,676m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 161.86: +0.49 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,095.06: +65.84 change from yesterday’s data.
The Miners:
Pretivm’s (PVG) filed technical report, Goldcorp’s (GG) dividend, Harmony’s (HMY) quarterly loss, and Randgold’s (GOLD) year end results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Avino | ASM +7.14% $1.80 |
2. B2Gold | BTG +5.15% $2.45 |
3. Randgold | GOLD +3.99% $71.65 |
LOSERS
1. Buenaventura | BVN-5.32% $11.74 |
2. Freeport | FCX -4.10% $31.08 |
3. Turquoise | TRQ -3.70% $3.38 |
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: Monday, 3 February 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain About 1%
