-- Published: Wednesday, 17 September 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1221.60 | -$13.90 |
Silver | $18.49 | -$0.22 |
XAU | 92.12 | -2.13% |
HUI | 215.13 | -2.45% |
GDM | 650.49 | -2.00% |
JSE Gold | 1337.42 | -15.87 |
USD | 84.60 | +0.53 |
Euro | 128.73 | -0.89 |
Yen | 92.34 | -1.01 |
Oil | $94.42 | -$0.46 |
10-Year | 2.600% | +0.011 |
Bond | 137.0625 | -0.40625 |
Dow | 17156.85 | +0.15% |
Nasdaq | 4562.18 | +0.21% |
S&P | 2001.57 | +0.13% |
The Metals:
Gold edged up to $1238.99 in Asia before it fell back to $1230.34 after the release of today’s fed statement and then bounced back higher, but it then fell back off again into the close and ended with a loss of 1.13%. Silver slipped to as low as $18.49 and ended with a loss of 1.18%.
Euro gold fell to about €949, platinum lost $15 to $1347, and copper fell a few cents to about $3.13.
Gold and silver equities fell in the last hour of trade and ended with over 2% losses.
The Economy:
Report | For | Reading | Expected | Previous |
CPI | Aug | -0.2% | 0.0% | 0.1% |
Core CPI | Aug | 0.0% | 0.2% | 0.1% |
Current Account Balance | Q2 | -$98.5B | -$114.5B | -$111.2B |
NAHB Housing Market Index | Sep | 59 | 56 | 55 |
“The U.S. Federal Reserve on Wednesday renewed a pledge to keep interest rates near zero for a "considerable time" but it issued projections that suggested it may raise borrowing costs a bit quicker than it had been thinking a few months ago.”
U.S. mortgage applications rise in latest week: MBA Reuters
Tomorrow brings Initial Jobless Claims, Housing Starts, Building Permits, and the Philadelphia Fed.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell after the Energy Information Administration reported that crude inventories rose 3.7 million barrels, gasoline inventories fell 1.6 million barrels, and distillates rose 300,000 barrels.
The U.S. dollar rose on the possibility that the fed might raise interest rates sooner than previously expected.
Treasuries turned modestly lower after the fed’s statement.
The Dow, Nasdaq, and S&P saw slight gains both before and after the fed’s statement.
Among the big names making news in the market today were General Mills, DuPont, FedEx, U.S. Steel, Microsoft, Endo and Auxilium, and Lennar.
GATA Posts:
China advances gold exchange launch; Singapore delays contract
The Statistics:
Activity from: 9/16/2014
Gold Warehouse Stocks: | 9,749,907.972 | - |
Silver Warehouse Stocks: | 181,179,914.690 | -1,855,990.9 |
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 | 784.217 | 25,213,353 | US$31,154m |
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$5,485m |
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$443m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 38.04 | 1,222,979 | US$1,509m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 4.187 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 164.72: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,559.32: No change from yesterday’s data.
The Miners:
WINNERS
1. Solitario | XPL +2.34% $1.31 |
2. Primero | PPP +1.07% $5.91 |
3. Midway | MDW +0.99% $1.02 |
LOSERS
1. Allied Nevada | ANV -5.88% $3.68 |
2. Rubicon | RBY -5.84% $1.29 |
3. Endeavour Silver | EXK -5.27% $5.03 |
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, 17 September 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Over 1% After Fed
