-- Published: Friday, 13 June 2014 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1276.90 | +$3.10 | +1.92% |
Silver | $19.70 | +$0.14 | +3.52% |
XAU | 92.19 | +0.47% | +6.37% |
HUI | 221.68 | +0.09% | +6.45% |
GDM | 667.00 | +0.55% | +6.58% |
JSE Gold | 1387.50 | -21.06 | +1.48% |
USD | 80.62 | +0.08 | +0.25% |
Euro | 135.38 | -0.14 | -0.76% |
Yen | 98.03 | -0.25 | +0.49% |
Oil | $106.91 | +$0.38 | +4.14% |
10-Year | 2.604% | +0.018 | +0.27% |
Bond | 136.375 | -0.28125 | +0.07% |
Dow | 16774.14 | +0.24% | -0.89% |
Nasdaq | 4310.65 | +0.30% | -0.25% |
S&P | 1936.05 | +0.31% | -0.69% |
The Metals:
Gold edged down $1270.92 in Asia before it shot up to $1277.13 at about 3AM EST and then dropped back to about unchanged in London, but it then rallied back higher in afternoon New York trade and ended near its late session low of $1277.88 with a gain of 0.24%. Silver slipped back to $19.489 in London, but it then climbed to as high as $19.73 in New York and ended with a gain of 0.72%.
Euro gold rose to about €943, platinum fell $11 to $1428, and copper climbed a couple of cents to about $3.03.
Gold and silver equities traded slightly lower for most of the day, but they then rallied back higher in the last few hours of trade and ended with modest gains.
The Economy:
Report | For | Reading | Expected | Previous |
PPI | May | -0.2% | 0.2% | 0.6% |
Core PPI | May | -0.1% | 0.1% | 0.5% |
Michigan Sentiment | June | 81.2 | 82.9 | 81.9 |
All of this week’s other economic reports:
Next week’s economic highlights include Empire Manufacturing, Net Long-Term TIC Flows, Industrial Production, Capacity Utilization, and the NAHB Housing Market Index on Monday, Housing Starts, Building Permits, and CPI on Tuesday, the Current Account Balance and a FOMC rate decision on Wednesday, and Initial Jobless Claims, the Philadelphia Fed, and Leading Economic Indicators on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil found modest gains on worries about continued conflict in Iraq.
The U.S. dollar index rose on the outlook for higher interest rates that flattened the yield curve and drew mixed results from treasuries.
The Dow, Nasdaq, and S&P traded mostly slightly higher on decent earnings and deal making news.
Among the big names making news in the market Friday were Intel, GM, Boeing, and Priceline and Open Table.
GATA Posts:
Koos Jansen: Shanghai Gold Exchange chairman explains its objectives
Koos Jansen: March Indian gold imports highest in 10 months
If it ever asked the right question, the FT would make itself a contrarian indicator
Trace Mayer, James Turk discuss prospects for gold and private currencies
The Statistics:
Activity from: 6/12/2014
Gold Warehouse Stocks: | 8,280,504.545 | -996.65 |
Silver Warehouse Stocks: | 176,163,925.539 | -238,041.02 |
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$32,195m |
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$5,657m |
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$458m |
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: No change from yesterday’s data.
The Miners:
Centerra’s (CG.TO) mine plan approvals, Randgold’s (GOLD) directors’ awards, B2Gold’s (BTG) project update, Gold Fields’ (GFI) award, Rio Alto’s (RIOM) arrangement agreement with Sulliden (SUE.TO), and SilverCrest’s (SVLC) AGM results were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. DRDGOLD | DRD +5.51% $2.87 |
2. Alexco | AXU +4.67% $1.12 |
3. Richmont | RIC +4.07% $1.28 |
LOSERS
1. Great Panther | GPL -3.74% $1.03 |
2. McEwen | MUX -3.66% $2.63 |
3. IAMGOLD | IAG -2.72% $3.94 |
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: Friday, 13 June 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Almost 2% and 4% on the Week
