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Gold Seeker Closing Report: Gold and Silver End Mixed
By: Chris Mullen, Gold-Seeker.com

 -- Published: Tuesday, 4 February 2014 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1254.70

-$3.10

Silver

$19.49

+$0.14

XAU

90.55

+0.70%

HUI

217.52

+0.50%

GDM

653.44

+0.76%

JSE Gold

1273.75

-34.85

USD

81.13

+0.10

Euro

135.14

-0.15

Yen

98.38

-0.65

Oil

$97.19

+$0.76

10-Year

2.624%

+0.043

Bond

134.09375

-0.8125

Dow

15445.24

+0.47%

Nasdaq

4031.52

+0.86%

S&P

1755.20

+0.76%

 
 

 

The Metals:

 

Gold edged up to $1260.83 in Asia Before it dropped back to $1247.31 in early New York trade, but it then rallied back higher into the close and ended with a loss of just 0.25%.  Silver slipped to as low as $19.287 at one point, but it then climbed to as high as $19.528 in late trade and ended with a gain of 0.72%.

 

Euro gold fell to about €928, platinum lost $9 to $1372, and copper remained at about $3.19.

 

Gold and silver equities saw slight losses for most of the morning, but they then rallied back higher in the last hour of trade and ended with modest gains.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Factory Orders

Dec

-1.5%

-1.8%

1.8%

 

Tomorrow brings ADP Employment and ISM Services.

 

The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil edged higher along with the U.S. dollar index and treasuries fell as the Dow, Nasdaq, and S&P bounced back from yesterday’s notable losses.

 

Among the big names making news in the market today were Take-Two, BP, Wal-Mart, J.C. Penney, and Microsoft.

 

GATA Posts:

 

 

TF Metals Report: Bear down

GATA agitates against gold price suppression in gold-producing Suriname

Don't pretend that the gold market is anything but central banking's most desperate project

 

The Statistics:

Activity from: 2/03/2014

Gold Warehouse Stocks:

7,146,181.888

+64,919.998

Silver Warehouse Stocks:

179,313,097.652

+16,030.64

 

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$31,868m

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

1,326,273

US$1,676m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 161.86: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,095.06: No change from yesterday’s data.

 

The Miners:

 

Northern Dynasty’s (NAK) new Chief Executive Officer (CEO) of the Pebble Limited Partnership, Comstock’s (LODE) land acquisition, Eurasian’s (EMXX) new royalty interests, Randgold’s (GOLD) uncertainty about the regulatory environments and tax regimes in Africa's mining jurisdictions, Goldcorp’s (GG) and Barrick’s (ABX) mine sale to Silver Standard (SSRI), and Endeavour Silver’s (EXK) review of the Company's exploration results in 2013 and its exploration plans for 2014 were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Alexco

AXU +8.08% $1.74

2.  Solitario

XPL +5.26% $1.00

3.  NovaGold

NG +5.02% $3.14

 

LOSERS

1.  Sandstorm

SAND-2.54% $4.99

2.  Buenaventura

BVN-2.47% $11.45

3.  Silver Standard

SSRI -1.69% $7.56

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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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2014

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

 

 

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions.  The author of this report is not a registered financial advisor.  Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate.  The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.  Past results are not necessarily indicative of future results.  Any statements non-factual in nature constitute only current opinions, which are subject to change.  Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein.  Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.

 


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 -- Published: Tuesday, 4 February 2014 | E-Mail  | Print  | Source: GoldSeek.com

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