-- Published: Tuesday, 7 October 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1210.60 | +$3.60 |
Silver | $17.19 | -$0.12 |
XAU | 76.76 | -3.63% |
HUI | 186.71 | -3.51% |
GDM | 566.71 | -2.84% |
JSE Gold | 1198.83 | -5.67 |
USD | 85.67 | -0.10 |
Euro | 126.67 | +0.13 |
Yen | 92.61 | +0.67 |
Oil | $88.85 | -$1.49 |
10-Year | 2.350% | -0.075 |
Bond | 140.6875 | +1.3125 |
Dow | 16719.33 | -1.60% |
Nasdaq | 4385.20 | -1.56% |
S&P | 1935.09 | -1.51% |
The Metals:
Gold climbed $5.51 to $1212.51 in Asia before it dropped back to $1203.61 in London, but it then rose to a new session high of $1212.95 in New York and ended with a gain of 0.3%. Silver gained $0.31 to $17.62 in Asia, but it then fell to as low as $17.121 in New York and ended with a loss of 0.69%.
Euro gold rose to about €956, platinum gained $17 to $1256, and copper remained at about $3.04.
Gold and silver equities fell along with the major indices and ended with about 3% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Consumer Credit | Aug | $13.5B | $20.0B | $21.6B |
IMF Cuts Global Outlook as ‘Frothy’ Stocks Raise Correction Risk Bloomberg
Job Openings in U.S. Rose in August to Highest Level in 13 Years Bloomberg
Tomorrow brings FOMC Minutes from the fed’s September 17th meeting.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell along with the U.S. dollar on worries about the IMF’s outlook.
Treasuries found notable gains as the Dow, Nasdaq, and S&P dropped over 1.5% on worries about the world economy.
Among the big names making news in the market today were AT&T, Samsung, Rio Tinto and Glencore, and Boeing.
GATA Posts:
NYTimes: Big banks face another round of U.S. charges over currency market rigging
Glencore plans massive merger with Rio Tinto
Sprott, Rule, Embry discuss metals' prospects and you can join them
The Statistics:
Activity from: 10/6/2014
Gold Warehouse Stocks: | 9,146,889.739 | -25,752.15 |
Silver Warehouse Stocks: | 183,481,297.120 | +989,703.649 |
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$29,853m |
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$5,373m |
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$434m |
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: 10,857.35: -26.84 change from yesterday’s data.
The Miners:
Goldcorp’s (GG) halted mine development in Chile, Claude’s (CGR) third quarter production results, Midway’s (MDW) hedging program, Golden Star’s (GSS) third quarter production results, Banro’s (BAA) production update, Exeter’s (XRA) expanded water drilling program, Lake Shore’s (LSG) drill results, and Newmont’s (NEM) completed sale of its 44 percent stake in the Penmont joint venture were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Almaden | AAU +1.57% $1.29 |
2. Avino | ASM +0.74% $1.36 |
LOSERS
1. Allied Nevada | ANV -16.33% $2.45 |
2. IAMGOLD | IAG -10.15% $2.40 |
3. Tanzanian Royalty | TRX -8.33% $1.77 |
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: Tuesday, 7 October 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Gains While Silver Slips With Stocks
