-- Published: Thursday, 6 February 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1257.40 | -$0.50 |
Silver | $19.94 | +$0.09 |
XAU | 89.41 | -0.06% |
HUI | 212.78 | -0.26% |
GDM | 644.11 | -0.15% |
JSE Gold | 1291.34 | -6.63 |
USD | 80.89 | -0.14 |
Euro | 135.90 | +0.57 |
Yen | 97.92 | -0.61 |
Oil | $97.84 | +$0.46 |
10-Year | 2.702% | +0.035 |
Bond | 133.03125 | -0.375 |
Dow | 15628.53 | +1.22% |
Nasdaq | 4057.12 | +1.14% |
S&P | 1773.43 | +1.24% |
The Metals:
Gold climbed to $1266.78 by a little before 9AM EST before it fell back to $1253.03 in the next couple of hours of trade, but it then edged back higher into the close and ended with a loss of just 0.04%. Silver popped up to $20.182 before it dropped back to $19.853, but it still ended with a gain of 0.45%.
Euro gold fell to about €925, platinum lost $5.70 to $1373, and copper climbed a few cents to about $3.22.
Gold and silver equities waffled near unchanged and ended slightly lower.
The Economy:
Report | For | Reading | Expected | Previous |
Trade Balance | Dec | -$38.7B | -$36.0B | -$34.6B |
Initial Claims | 2/01 | 331K | 335K | 351K |
Productivity | Q4 | 3.2% | 2.4% | 3.6% |
Unit Labor Costs | Q4 | -1.6% | -0.5% | -2.0% |
Mortgage Rates for 30-Year U.S. Loans Fall for Fifth Week Bloomberg
Tomorrow brings January’s jobs data and Consumer Credit for December.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose on decent economic data that offset some milder weather predictions.
The U.S. dollar index fell as the euro jumped higher after the ECB’s Draghi indicated the bank doesn’t see a threat of deflation.
Treasuries fell as the Dow, Nasdaq, and S&P saw decent gains on mostly better than expected earnings reports.
Among the big names making news in the market today were Dunkin' Donuts, Twitter, GM, AOL, Sony, and Fox.
The Statistics:
Activity from: 2/05/2014
Gold Warehouse Stocks: | 7,106,909.798 | -39,794.707 |
Silver Warehouse Stocks: | 179,235,622.823 | +85,948.961 |
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 | 797.053 | 25,626,058 | US$32,184m |
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$5,579m |
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$451m |
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: 162.58: +0.76 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,090.68: No change from yesterday’s data.
The Miners:
Osisko’s (OSK.TO) record monthly production, New Gold’s (NGD) fourth quarter and full-year 2013 operational results, Timberline’s (TLR) funding status update, Vista Gold’s (VGZ) sale of its shares of Midas Gold Corp., and Aurcana’s (AUN.V) fourth quarter and 2013 production results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Solitario | XPL +6.25% $1.02 |
2. Midway | MDW +5.66% $1.12 |
3. Silver Standard | SSRI +3.11% $8.28 |
LOSERS
1. New Gold | NGD -5.89% $5.43 |
2. Paramount | PZG -3.42% $1.13 |
3. Pretivm | PVG -2.58% $5.67 |
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: Thursday, 6 February 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Near Unchanged
