-- Published: Tuesday, 9 September 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1256.50 | +$0.90 |
Silver | $19.09 | +$0.06 |
XAU | 91.77 | +0.93% |
HUI | 224.68 | +1.48% |
GDM | 677.66 | +0.90% |
JSE Gold | 1438.12 | +12.70 |
USD | 84.11 | -0.17 |
Euro | 129.45 | +0.49 |
Yen | 94.22 | -0.06 |
Oil | $92.75 | +$0.09 |
10-Year | 2.500% | +0.031 |
Bond | 139.25 | -0.15625 |
Dow | 17013.87 | -0.57% |
Nasdaq | 4552.28 | -0.87% |
S&P | 1988.44 | -0.65% |
The Metals:
Gold dropped $7.97 to $1247.63 in early afternoon New York trade, but it then rallied back higher into the close and ended with a gain of 0.07%. Silver slipped to $18.879 at one point, but it then bounced back higher in the last hour of trade and ended with a gain of 0.32%.
Euro gold fell to about €970, platinum lost $12 to $1383, and copper fell 6 cents to about $3.11.
Gold and silver equities saw slight gains for most of the morning before they fell to see about 1% losses at about 2PM EST, but they then jumped back higher in late trade and ended with about 1% gains.
The Economy:
Greenspan Says Construction Dead in the Water Bloomberg
July JOLTS job openings 4673K vs 4700K expected ForexLive
U.S. small business confidence edges slightly higher in August: NFIB Reuters
Tomorrow brings Wholesale Inventories for July expected at 0.5%.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil waffled near unchanged ahead of tomorrow’s supply data.
The U.S. dollar fell back off in late trade on uncertainty about fed policy that sent treasuries lower along with the Dow, Nasdaq, and S&P.
Among the big names making news in the market today were Apple, McDonald’s, Trump Entertainment, EBay, General Mills and Annie’s, Barnes & Noble, and Home Depot.
GATA Posts:
Koos Jansen: German gold repatriation accelerating
Brian Domitrovic: Transacting in gold can shaft the IRS
The Statistics:
Activity from: 9/8/2014
Gold Warehouse Stocks: | 9,625,345.229 | -56,749.805 |
Silver Warehouse Stocks: | 179,781,404.474 | -620,767.57 |
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$31,704m |
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$5,576m |
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$450m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 38.04 | 1,223,154 | US$1,550m |
Note: No change in Total Tonnes from yesterday’s data.
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:
Midway’s (MDW) filed technical report, Turquoise Hill’s (TRQ) rake failure, Agnico Eagle’s (AEM) acquisition of Cayden Resources (CYD.V), and Avino’s (ASM) re-opening update were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. McEwen | MUX +5.96% $2.49 |
2. Sandstorm | SAND +5.87% $5.20 |
3. Rubicon | RBY +5.74% $1.29 |
LOSERS
1. Revett | RVM -5.26% $1.10 |
2. Allied Nevada | ANV -3.45% $3.36 |
3. Silver Standard | SSRI -3.30% $7.60 |
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: Tuesday, 9 September 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Rally Back Higher in Late Trade and End with Gains
