-- Published: Thursday, 2 October 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1213.80 | -$0.80 |
Silver | $17.10 | -$0.08 |
XAU | 81.63 | +0.77% |
HUI | 198.64 | +1.19% |
GDM | 597.65 | +0.97% |
JSE Gold | 1246.33 | +0.54 |
USD | 85.66 | -0.24 |
Euro | 126.66 | +0.48 |
Yen | 92.25 | +0.41 |
Oil | $91.33 | +$0.60 |
10-Year | 2.438% | +0.035 |
Bond | 139.00 | -0.625 |
Dow | 16801.05 | -0.02% |
Nasdaq | 4430.19 | +0.18% |
S&P | 1946.17 | +0.00% |
The Metals:
Gold climbed $7.32 to $1221.92 in early Asian trade before it fell back to $1209.75 by a little after 8AM EST, but it then bounced back higher in New York and ended with a loss of just 0.07%. Silver slipped to as low as $16.971 and ended with a loss of 0.47%.
Euro gold fell back below €959, platinum lost $17 to $1264, and copper fell a few cents to about $3.00.
Gold and silver equities waffled near unchanged for most of the morning, but they then climbed higher in early afternoon trade and ended with about 1% gains.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 9/27 | 287K | 297K | 295K |
Factory Orders | Aug | -10.1% | -9.3% | 10.5% |
Tomorrow brings September’s jobs data, the Trade Balance, and ISM Services.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ended decently higher in mixed trade.
The U.S. dollar fell as the euro rose after the ECB failed to provide details on the size of their plan to buy private securities.
Treasuries pared yesterday’s sizeable gains as the Dow, Nasdaq, and S&P turned mostly higher in afternoon trade in a rebound from recent notable losses.
Among the big names making news in the market today were Daimler, Fiat, Berkshire Hathaway, DirecTV, BofA, and Sears.
GATA Posts:
Gold sales at Perth Mint reach 11-month high as prices retreat
The Statistics:
Activity from: 10/1/2014
Gold Warehouse Stocks: | 9,144,809.257 | -2,566.185 |
Silver Warehouse Stocks: | 181,408,034.641 | -142,826.55 |
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 | 768.664 | 24,713,310 | US$29,932m |
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$5,404m |
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$436m |
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 1.196 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 162.43.
Silver Trust (SLV) Total Tonnes in Trust: 10,888.90.
The Miners:
Turquoise Hill’s (TRQ) update on project finance and Santacruz Silver’s (SCZ.V) closed financing were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Richmont | RIC +4.57% $2.06 |
2. Yamana | AUY +3.55% $6.12 |
3. Gold Resource | GORO +3.52% $5.29 |
LOSERS
1. Avino | ASM -6.80% $1.37 |
2. Tanzanian Royalty | TRX -4.81% $1.98 |
3. Rubicon | RBY -4.26% $1.35 |
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
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
Additional Resources for today’s Gold Seeker Report can be found:
© Gold Seeker 2014
Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.
Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.
| Digg This Article
-- Published: Thursday, 2 October 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Lower
