-- Published: Wednesday, 10 September 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1250.00 | -$6.50 |
Silver | $18.98 | -$0.11 |
XAU | 92.07 | -1.44% |
HUI | 220.27 | -1.96% |
GDM | 666.74 | -1.61% |
JSE Gold | 1136.91 | -101.21 |
USD | 84.22 | +0.11 |
Euro | 129.13 | -0.27 |
Yen | 93.62 | -0.54 |
Oil | $91.67 | -$1.08 |
10-Year | 2.534% | +0.034 |
Bond | 138.59375 | -0.5625 |
Dow | 17068.71 | +0.32% |
Nasdaq | 4586.52 | +0.75% |
S&P | 1995.69 | +0.36% |
The Metals:
Gold fell $12.62 to as low as $1243.88 by early afternoon in New York before it bounced back higher into the close, but it still ended with a loss of 0.52%. Silver slipped to as low as $18.893 and ended with a loss of 0.58%.
Euro gold fell to about €968, platinum lost $4 to $1379, and copper remained at about $3.11.
Gold and silver equities fell about 2% by midday and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Wholesale Inventories | July | 0.1% | 0.5% | 0.2% |
Tomorrow brings Initial Jobless Claims and the Treasury Budget.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell on OPEC’s outlook for lower demand next year.
The U.S. dollar remained firm on expectations for higher interest rates that sent treasuries lower. Today’s $21 billion 10-year note auction sold at yield of 2.535% with a bid to cover of 2.71.
The Dow, Nasdaq, and S&P reversed early losses and ended with modest gains on decent company news.
Among the big names making news in the market today were MasterCard, RadioShack, Home Depot, NPS, Dollar General and Family Dollar, Philip Morris, Sprint, Tesla, and Kroger.
GATA Posts:
Weak hands have been shaken out of gold, Butler and Skoyles contend
Russia and China agree to settle more trade in their own currencies
The Statistics:
Activity from: 9/9/2014
Gold Warehouse Stocks: | 9,655,487.668 | +30,142.439 |
Silver Warehouse Stocks: | 181,012,252.363 | +1,230,847.899 |
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$31,583m |
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$5,543m |
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$448m |
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: 10,408.66: +44.75 change from yesterday’s data.
The Miners:
Golden Star’s (GSS) loan facility, Claude’s (CGR) drill results, Yamana’s (AUY) operational update, Gold Resource’s (GORO) leased property, and Golden Minerals’ (AUMN) closed financing were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Tanzanian Royalty | TRX +7.39% $2.18 |
2. Turquoise | TRQ +6.01% $3.53 |
3. Great Panther | GPL +3.81% $1.09 |
LOSERS
1. AngloGold | AU -16.01% $13.07 |
2. Richmont | RIC -8.76% $2.29 |
3. AuRico | AUQ -5.42% $3.84 |
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, 10 September 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Lower
