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

 -- 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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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: Thursday, 6 February 2014 | E-Mail  | Print  | Source: GoldSeek.com

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