-- Published: Friday, 5 September 2014 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1268.80 | +$5.90 | -1.44% |
Silver | $19.20 | +$0.12 | -1.44% |
XAU | 95.30 | +0.25% | -6.80% |
HUI | 228.04 | +0.27% | -7.12% |
GDM | 690.66 | +0.04% | -6.48% |
JSE Gold | 1427.22 | -62.78 | -7.02% |
USD | 83.76 | +0.01 | +1.28% |
Euro | 129.49 | +0.10 | -1.44% |
Yen | 95.16 | +0.19 | -0.99% |
Oil | $93.29 | -$1.16 | -2.78% |
10-Year | 2.461% | +0.013 | +5.04% |
Bond | 139.40625 | -0.21875 | -1.46% |
Dow | 17137.36 | +0.40% | +0.23% |
Nasdaq | 4582.90 | +0.45% | +0.06% |
S&P | 2007.71 | +0.50% | +0.22% |
The Metals:
Gold jumped up to $1270.35 after the release of this morning’s jobs report before it drifted back lower in late morning trade, but it still ended with a gain of 0.47%. Silver spiked up to $19.163 before it dropped back to $19.04, but it then bounced back higher in afternoon trade and ended with a gain of 0.63%.
Euro gold rose to about €979, platinum gained $5 to $1406, and copper climbed a couple of cents to about $3.17.
Gold and silver equities waffled near unchanged and ended with slight gains.
The Economy:
Report | For | Reading | Expected | Previous |
Nonfarm Payrolls | Aug | 142K | 223K | 212K |
Unemployment Rate | Aug | 6.1% | 6.1% | 6.2% |
Hourly Earnings | Aug | 0.2% | 0.2% | 0.0% |
Average Workweek | Aug | 34.5 | 34.5 | 34.5 |
The BLS net birth/death adjustment added 102,000 payrolls to August’s data. Private Payrolls rose 134,000.
All of this week’s other economic reports:
Next week’s economic highlights include Consumer Credit on Monday, Wholesale Inventories on Wednesday, Initial Jobless Claims and the Treasury Budget on Thursday, and Retail Sales, Export and Import Prices, Michigan Sentiment, and Business Inventories on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell along with the U.S. dollar index on weaker than expected jobs data that sent treasuries higher and the Dow, Nasdaq, and S&P lower at the open, but stocks then climbed back higher midday and ended with modest gains while bonds turned slightly lower and the dollar climbed back to unchanged on easing geopolitical tensions.
Among the big names making news in the market Friday were Family Dollar and Dollar General, Michael Kors, and Gap.
GATA Posts:
Koos Jansen: Does the World Gold Council understand the Chinese gold market?
TF Metals Report -- Riding the Line Update
But Pierre Lassonde and Doug Casey say central banks don't care about gold!
Julian Phillips: Gold price manipulation is the very point of government
The Statistics:
Activity from: 9/04/2014
Gold Warehouse Stocks: | 9,730,698.351 | -39,488.73 |
Silver Warehouse Stocks: | 180,171,802.944 | +923,151.04 |
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 | 785.725 | 25,261,829 | US$31,964m |
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$5,625m |
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$454m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 38.04 | 1,223,154 | US$1,550m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 4.786 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 165.23: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,363.91: No change from yesterday’s data.
The Miners:
Claude’s (CGR) received payment, Newmont’s (NEM) offering recommendation, and Golden Minerals (AUMN) priced offering were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Almaden | AAU +4.14% $1.51 |
2. Rio Alto | RIOM +3.60% $2.88 |
3. Primero | PPP +3.00% $6.19 |
LOSERS
1. Comstock | LODE -3.36% $1.44 |
2. Solitario | XPL -2.67% $1.46 |
3. Richmont | RIC -2.64% $2.58 |
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, 5 September 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall 1.44% on the Week
