-- Published: Wednesday, 18 June 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1274.00 | +$3.80 |
Silver | $19.84 | +$0.12 |
XAU | 94.17 | +2.50% |
HUI | 225.94 | +2.48% |
GDM | 684.16 | +2.55% |
JSE Gold | 1399.14 | +1.29 |
USD | 80.42 | -0.20 |
Euro | 135.93 | +0.47 |
Yen | 98.11 | +0.23 |
Oil | $105.97 | -$0.39 |
10-Year | 2.613% | -0.042 |
Bond | 136.6875 | +0.78125 |
Dow | 16906.62 | +0.58% |
Nasdaq | 4362.83 | +0.59% |
S&P | 1956.98 | +0.77% |
The Metals:
Gold dropped down to $1266.37 at about 4AM EST before it bounced back to $1273.69 in early New York trade and then fell back towards unchanged by late morning, but it then rallied back higher in afternoon trade and ended near its last minute high of $1274.71 with a gain of 0.3%. Silver rose to as high as $19.851 and ended with a gain of 0.61%.
Euro gold remained at about €938, platinum gained $8.30 to $1444.30, and copper remained at about $3.06.
Gold and silver equities rose about 2.5% by midafternoon and remained near that level into the close.
The Economy:
Report | For | Reading | Expected | Previous |
Current Account Balance | Q1 | -$111.2B | -$97.8B | -$87.3B |
Fed cuts 2014 growth forecast but maintains confidence in recovery Reuters
Fed Says Economy Rebounding as It Trims QE Pace by $10 Billion Bloomberg
Tomorrow brings Initial Jobless Claims, the Philadelphia Fed, and Leading Economic Indicators.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil remained firm on continued uncertainty about Iraq.
The U.S. dollar index extended lower after today’s relatively dovish fed statement sent treasuries higher along with the Dow, Nasdaq, and S&P.
Among the big names making news in the market today were GM, Starwood Capital, Shire, and ConAgra.
GATA Posts:
TF Metals Report: Morgan bought gold to sell it for price control
Even more gold came out of Bank of England's vault in 2013
World Gold Council calls conference on reforming London gold fix
China National Gold talks to Barrick about potential partnerships
Goldman Sachs paperizes India's largest gold ETF
The Statistics:
Activity from: 6/17/2014
Gold Warehouse Stocks: | 8,272,971.925 | -17,206.21 |
Silver Warehouse Stocks: | 176,038,158.029 | -9,711.71 |
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 | 782.620 | 25,162,031 | US$31,939m |
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: Change in Total Tonnes from yesterday’s data: SPDR subtracted 0.264 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 163.20: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,261.98: No change from yesterday’s data.
The Miners:
Golden Mineral’s (AUMN) plans to restart mining at its Velardena Properties and SilverCrest’s (SVLC) transition update were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Allied Nevada | ANV +9.30% $3.76 |
2. Solitario | XPL +7.94% $1.36 |
3. Avino | ASM +7.61% $2.12 |
LOSERS
1. Harmony | HMY -3.24% $2.68 |
2. Revett | RVM -1.94% $1.01 |
3. Almaden | AAU -0.71% $1.40 |
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, 18 June 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain After Fed Announcement
