-- 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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-- Published: Tuesday, 4 February 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Mixed
