-- Published: Friday, 3 October 2014 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1191.80 | -$22.00 | -2.11% |
Silver | $16.81 | -$0.29 | -4.65% |
XAU | 78.41 | -3.94% | -6.60% |
HUI | 189.77 | -4.47% | -5.57% |
GDM | 573.50 | -4.03% | -5.49% |
JSE Gold | 1208.58 | -37.75 | -5.04% |
USD | 86.66 | +1.00 | +1.20% |
Euro | 125.13 | -1.57 | -1.36% |
Yen | 91.12 | -1.12 | -0.43% |
Oil | $89.71 | -$1.30 | -3.98% |
10-Year | 2.447% | +0.009 | -3.47% |
Bond | 139.25 | +0.25 | +1.16% |
Dow | 17009.69 | +1.24% | -0.60% |
Nasdaq | 4475.62 | +1.03% | -0.81% |
S&P | 1967.90 | +1.12% | -0.75% |
The Metals:
Gold fell $23.77 to as low as $1190.03 by early afternoon in New York before it bounced back higher at times, but it still ended with a loss of 1.81%. Silver slipped to as low as $16.73 and ended with a loss of 1.7%.
Euro gold fell to about €953, platinum lost $41 to $1223, and copper remained at about $3.00.
Gold and silver equities fell about 4% by midday and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Nonfarm Payrolls | Sep | 248K | 210K | 180K |
Unemployment Rate | Sep | 5.9% | 6.1% | 6.1% |
Hourly Earnings | Sep | 0.0% | 0.2% | 0.3% |
Average Workweek | Sep | 34.6 | 34.5 | 34.5 |
Trade Balance | Aug | -$40.1B | -$40.9B | -$40.3B |
ISM Services | Sep | 58.6 | 58.9 | 59.6 |
The BLS net birth/death adjustment subtracted 26,000 payrolls from September’s data. Private Payrolls rose 236,000.
All of this week’s other economic reports:
Next week’s economic highlights include Consumer Credit on Tuesday, FOMC Minutes on Wednesday, Initial Jobless Claims and Wholesale Inventories on Thursday, and Export and Import Prices and the Treasury Budget on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell as the U.S. dollar index jumped higher on better than expected jobs data that sent the Dow, Nasdaq, and S&P higher. Treasuries traded mixed.
Among the big names making news in the market Friday were Anadarko, JPMorgan, Facebook, UBS, and GM.
GATA Posts:
GATA Chairman Murphy interviewed at Toronto conference
Gold price suppression covered by Roberts in Sprott Money News interview
TF Metals Report: Deflation pervades markets until Fed renews QE
Koos Jansen: 39 tonnes of gold left New York Fed in July and August
Egon von Greyerz: Will gold referendum save the Swiss financial system?
The Statistics:
Activity from: 10/02/2014
Gold Warehouse Stocks: | 9,138,519.962 | -6,289.295 |
Silver Warehouse Stocks: | 181,936,926.341 | +528,892.40 |
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 | 767.468 | 24,674,849 | US$29,472m |
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$5,306m |
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$428m |
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: 162.40: -0.03 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,884.19: -4.71 change from yesterday’s data.
The Miners:
IAMGOLD’s (IAG) mine sale, Lake Shore’s (LSG) production results, and B2Gold’s (BTG) completed merger with Papillon were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Revett | RVM +1.82% $1.12 |
2. Freeport | FCX +0.78% $32.32 |
LOSERS
1. Gold Resource | GORO-11.91% $4.69 |
2. Comstock | LODE -9.36% $1.11 |
3. DRDGOLD | DRD -9.28% $3.03 |
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: Friday, 3 October 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Over 2% and 4% on the Week
