-- Published: Monday, 6 October 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1207.00 | +$15.20 |
Silver | $17.31 | +$0.50 |
XAU | 79.65 | +1.58% |
HUI | 193.49 | +1.96% |
GDM | 583.52 | +1.76% |
JSE Gold | 1204.50 | -4.08 |
USD | 85.77 | -0.89 |
Euro | 126.50 | +1.36 |
Yen | 91.96 | +0.85 |
Oil | $90.34 | +$0.60 |
10-Year | 2.425% | -0.022 |
Bond | 139.4375 | +0.21875 |
Dow | 16991.91 | -0.10% |
Nasdaq | 4454.80 | -0.47% |
S&P | 1964.82 | -0.16% |
The Metals:
Gold dropped down to $1183.14 at the open of trade last night, but it then rallied back higher for most of the rest of the day and ended near its late session high of $1208.79 with a gain of 1.28%. Silver rose to as high as $17.361 and with a gain of 2.97%.
Euro gold rose to over over €954, platinum gained $16 to $1239, and copper climbed 4 cents to about $3.04.
Gold and silver equities gained throughout most of trade and ended with almost 2% gains.
The Economy:
There were no major economic reports today. Tomorrow brings Consumer Credit for August expected at $20.0 billion.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil saw slight gains as the U.S. dollar fell on uncertainty about fed policy.
Treasuries rose as the Dow, Nasdaq, and S&P dropped on worries about upcoming earnings reports.
Among the big names making news in the market today were Walt Disney, Ford, Samsung, Becton Dickinson and CareFusion, Bitcoin, and Hewlett-Packard.
GATA Posts:
Koos Jansen: China's gold demand remains strong, silver remains scarce
Jim Sinclair: Spoofing play won't keep gold down for long
Tocqueville's Hathaway: China has it right about gold and the dollar
The Statistics:
Activity from: 10/03/2014
Gold Warehouse Stocks: | 9,172,641.889 | +34,121.927 |
Silver Warehouse Stocks: | 182,491,593.471 | +554,667.13 |
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$29,489m |
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$5,337m |
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$433m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 38.04 | 1,222,979 | US$1,509m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 162.40: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,884.19: No change from yesterday’s data.
The Miners:
Goldcorp’s (GG) dividend, Yamana’s (AUY) Memorandum of Understanding with the provincial Government of Catamarca, Rio Alto’s (RIOM) third quarter production results, Kirkland’s (KGI.TO) management appointment, Mines Management’s (MGN) permitting progress, and Coeur’s (CDE) third quarter production results and drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Rio Alto | RIOM +7.98% $2.29 |
2. MAG Silver | MVG +6.65% $7.69 |
3. Tanzanian Royalty | TRX +5.49% $1.92 |
LOSERS
1. Revett | RVM -3.57% $1.08 |
2. Allied Nevada | ANV -2.65% $2.94 |
3. Solitario | XPL -1.65% $1.19 |
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: Monday, 6 October 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Gains Over 1% and Silver Surges Nearly 3%
