-- Published: Thursday, 12 June 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1273.80 | +$12.80 |
Silver | $19.56 | +$0.35 |
XAU | 91.69 | +2.31% |
HUI | 221.32 | +2.42% |
GDM | 663.04 | +2.50% |
JSE Gold | 1408.56 | -5.70 |
USD | 80.54 | -0.25 |
Euro | 135.55 | +0.22 |
Yen | 98.10 | +0.35 |
Oil | $106.53 | +$2.13 |
10-Year | 2.586% | -0.054 |
Bond | 136.625 | +0.84375 |
Dow | 16734.19 | -0.65% |
Nasdaq | 4297.63 | -0.79% |
S&P | 1930.11 | -0.71% |
The Metals:
Gold climbed to as high as $1274.44 by early afternoon in New York and ended with a gain of 1.02%. Silver surged to as high as $19.578 and ended with a gain of 1.82%.
Euro gold rose to about €939, platinum dropped $38 to $1439, and copper fell a couple of cents to about $3.01.
Gold and silver equities rose about 2.5% by early afternoon and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 6/07 | 317K | 315K | 313K |
Retail Sales | May | 0.3% | 0.7% | 0.5% |
Retail Sales ex-auto | May | 0.1% | 0.4% | 0.4% |
Export Prices | May | 0.1% | - | -1.0% |
Export Prices ex-ag. | May | 0.1% | - | -1.4% |
Import Prices | May | 0.1% | - | -0.5% |
Import Prices ex-oil | May | 0.0% | - | 0.1% |
Business Inventories | April | 0.6% | 0.4% | 0.4% |
U.S. Mortgage Rates Rise for a Second Week Bloomberg
Tomorrow brings PPI and Michigan Sentiment.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil jumped higher on escalating unrest in Iraq.
The U.S. dollar index fell on worse than expected economic data.
Treasuries extended higher after today’s $13 billion 30-year note auction sold at a yield of 3.444% with a bid to cover of 2.69.
The Dow, Nasdaq, and S&P fell on economic and geopolitical concerns.
Among the big names making news in the market today were Lululemon, Twitter, Intel, BNP Paribas, and Blackstone.
The Statistics:
Activity from: 6/11/2014
Gold Warehouse Stocks: | 8,281,501.195 | +31,880.495 |
Silver Warehouse Stocks: | 176,401,966.559 | -60,035.99 |
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$32,012m |
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$5,647m |
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$457m |
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: 10,321.72: -32.86 change from yesterday’s data.
The Miners:
Newmont’s (NEM) and Freeport’s (FCX) work in Indonesia and Newcrest’s (NCM.AX) 2015 outlook were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Alexco | AXU +12.64% $1.07 |
2. Almaden | AAU +10.61% $1.46 |
3. Great Panther | GPL +9.18% $1.07 |
LOSERS
1. Freeport | FCX -1.15% $33.67 |
2. Gold Fields | GFI -0.82% $3.61 |
3. Turquoise | TRQ -0.27% $3.67 |
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, 12 June 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain About 1% and 2%
