-- Published: Wednesday, 11 June 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1261.00 | +$0.20 |
Silver | $19.21 | -$0.02 |
XAU | 89.68 | +1.71% |
HUI | 215.57 | +1.83% |
GDM | 645.73 | +1.74% |
JSE Gold | 1414.26 | +1.98 |
USD | 80.79 | -0.01 |
Euro | 135.29 | -0.17 |
Yen | 98.02 | +0.29 |
Oil | $104.40 | +$0.05 |
10-Year | 2.640% | +0.010 |
Bond | 135.71875 | -0.125 |
Dow | 16843.88 | -0.60% |
Nasdaq | 4331.93 | -0.14% |
S&P | 1943.89 | -0.35% |
The Metals:
Gold edged up to $1265.00 by a little before 9AM EST before it dropped back to $1258.62 in early afternoon trade and then bounced back higher, but it ended with a gain of just 0.016%. Silver slipped to as low as $19.164 and ended with a loss of 0.1%.
Euro gold rose to about €932, platinum gained $1 to $1477, and copper fell a few cents to about $3.03.
Gold and silver equities rose nearly 2% by late morning before they fell back towards unchanged in early afternoon trade, but they then rallied back higher into the close and ended back near their earlier highs.
The Economy:
Report | For | Reading | Expected | Previous |
Treasury Budget | May | -$130.0B | - | -$138.7B |
U.S. mortgage applications rise in latest week-MBA Reuters
Tomorrow brings Initial Jobless Claims, Retail Sales, Import and Export Prices, and Business Inventories.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil remained near unchanged after the Energy Information Administration reported that crude inventories fell 2.6 million barrels, gasoline inventories rose 1.7 million barrels, and distillates rose 900,000 barrels.
The U.S. dollar index traded mostly lower as the yen rose on the view that the Bank of Japan will not ease its monetary policy further.
Treasuries remained firm as the Dow, Nasdaq, and S&P dropped after the World Bank cut its global growth forecast.
Among the big names making news in the market today were GM, Synaptics, AIG, Nissan, and Bank of America.
GATA Posts:
GATA Chairman Murphy's presentation to the Stansberry conference May 31
London gold fixing is open to manipulation, LME executive says
The Statistics:
Activity from: 6/10/2014
Gold Warehouse Stocks: | 8,249,620.700 | -16,039.15 |
Silver Warehouse Stocks: | 176,462,002.549 | -135,802.71 |
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$31,917m |
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$5,604m |
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$452m |
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:
Centerra Gold’s (CG.TO) reports of an approved mine plan was the only big story in the gold and silver mining industry making headlines today.
WINNERS
1. AuRico | AUQ +9.38% $4.08 |
2. Allied Nevada | ANV +7.43% $3.45 |
3. B2Gold | BTG +6.81% $2.51 |
LOSERS
1. Richmont | RIC -3.39% $1.14 |
2. Turquoise | TRQ -1.60% $3.68 |
3. Buenaventura | BVN -1.49% $9.95 |
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: Wednesday, 11 June 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Close Near Unchanged
