-- Published: Monday, 9 June 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1253.30 | +$0.40 |
Silver | $19.08 | +$0.05 |
XAU | 86.64 | -0.31% |
HUI | 208.52 | -0.40% |
GDM | 626.54 | -0.30% |
JSE Gold | 1390.73 | +23.49 |
USD | 80.64 | +0.22 |
Euro | 135.90 | -0.55 |
Yen | 97.55 | UNCH |
Oil | $104.41 | +$1.75 |
10-Year | 2.613% | +0.016 |
Bond | 136.1875 | -0.09375 |
Dow | 16943.10 | +0.11% |
Nasdaq | 4336.24 | +0.34% |
S&P | 1951.27 | +0.09% |
The Metals:
Gold edged up to $1256.97 by a little after 8AM EST before it fell back to $1252.30 in the next four hours of trade and then bounced back higher in early afternoon trade, but it then chopped back lower into the close and ended with a gain of just 0.03%. Silver surged to as high as $19.197 before it also fell back off, but it still ended with a gain of 0.26%.
Euro gold rose to about €922, platinum remained unchanged at $1447, and copper fell a couple of cents to about $3.04.
Gold and silver equities waffled near unchanged and ended slightly lower.
The Economy:
There were no major economic reports today. Tomorrow brings Wholesale Inventories and JOLTS Job Openings data.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose on strong economic data out of China that increased demand expectations.
The U.S. dollar index rose as the euro fell on declining investor confidence.
Treasuries edged lower as the Dow, Nasdaq, and S&P traded mostly slightly higher on acquisition news.
Among the big names making news in the market today were Tyson Foods and Hillshire Brands, Morgan Stanley, McDonald’s, analog Devices and Hittite, Man Group and Pine Grove, and Merck.
GATA Posts:
Alasdair Macleod: Market positions for gold and silver
Russian companies prepare to pay for trade in renminbi
Despite rig by Barclays trader, Lassonde still thinks the London gold fix is just fine
GATA consultant Speck interviewed about gold and silver price suppression
Commodity price suppression goes far beyond silver fix, Steer tells Sprott Money
The Statistics:
Activity from: 6/06/2014
Gold Warehouse Stocks: | 8,190,807.837 | -74,957.238 |
Silver Warehouse Stocks: | 175,810,312.699 | +174,592.20 |
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 | 787.076 | 25,305,269 | US$31,703m |
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$5,564m |
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$450m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 41.68 | 1,339,954 | US$1,709m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 162.47: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,354.58: No change from yesterday’s data.
The Miners:
Goldcorp’s (GG) dividend, Osisko’s (OSK.TO) updates, and First Majestic’s (AG) dismissed appeal were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Allied Nevada | ANV +4.21% $2.97 |
2. Almaden | AAU +3.82% $1.36 |
3. IAMGOLD | IAG +3.39% $3.66 |
LOSERS
1. Solitario | XPL -2.45% $1.22 |
2. Great Panther | GPL-2.42% $0.9856 |
3. New Gold | NGD -2.19% $5.37 |
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, 9 June 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Higher
