-- Published: Friday, 10 October 2014 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1223.70 | UNCH | +2.68% |
Silver | $17.35 | UNCH | +3.21% |
XAU | 77.26 | -2.15% | -1.47% |
HUI | 188.98 | -2.44% | -0.42% |
GDM | 574.78 | -2.23% | +0.22% |
JSE Gold | 1162.75 | -46.99 | -3.79% |
USD | 85.90 | +0.35 | -0.88% |
Euro | 126.14 | -0.77 | +0.81% |
Yen | 92.84 | +0.09 | +1.89% |
Oil | $85.82 | +$0.05 | -4.34% |
10-Year | 2.307% | -0.020 | -5.72% |
Bond | 141.34375 | +0.53125 | +1.50% |
Dow | 16544.10 | -0.69% | -2.74% |
Nasdaq | 4276.23 | -2.33% | -4.46% |
S&P | 1906.13 | -1.15% | -3.14% |
The Metals:
Gold dropped $5.99 to $1217.71 by a little after 4AM EST before it bounced back to $1224.79 in the next four hours of trade and then edged down to $1219.04 by midmorning in New York, but it then bounced back higher into the close and ended unchanged on the day. Silver slipped to $17.216 before it rebounded to $17.396 and then fell back off, but it also ended at unchanged on the day.
Euro gold rose to about €970, platinum lost $13 to $1258, and copper remained at about $3.03.
Gold and silver equities fell over 2% in the first hour of trade before they rose to see over 1% gains by midday, but they then fell back off again into the close and ended near their morning lows.
The Economy:
Report | For | Reading | Expected | Previous |
Export Prices | Sep | -0.2% | - | -0.5% |
Export Prices ex-ag. | Sep | -0.2% | - | -0.2% |
Import Prices | Sep | -0.5% | - | -0.6% |
Import Prices ex-oil | Sep | -0.1% | - | 0.0% |
All of this week’s other economic reports:
Next week’s economic highlights include Retail Sales, PPI, Empire Manufacturing, Business Inventories, and the Fed's Beige Book on Wednesday, Initial Jobless Claims, Industrial Production, Capacity Utilization, the Philadelphia Fed, the NAHB Housing Market Index, and Net Long-Term TIC Flows on Thursday, and Housing Starts, Building Permits, and Michigan Sentiment on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ended slightly higher in mixed trade.
Treasuries rose as the Dow, Nasdaq, and S&P traded mostly lower on persistent worries about the economy.
The U.S. dollar index rose as the euro fell on the view that Europe is worse off than the US.
Among the big names making news in the market Friday were Tesla, Symantec, Progressive, and Juniper.
GATA Posts:
Goldcorp CEO visits Australia and predicts 'peak gold' next year
The Statistics:
Activity from: 10/9/2014
Gold Warehouse Stocks: | 8,982,862.408 | -108,861.511 |
Silver Warehouse Stocks: | 183,605,021.870 | +300,251.18 |
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 | 762.085 | 24,501,786 | US$30,041m |
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$5,426m |
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$438m |
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: 161.07: -0.60 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,812.62: -44.73 change from yesterday’s data.
The Miners:
WINNERS
1. Fortuna Silver | FSM +6.19% $4.46 |
2. Buenaventura | BVN +5.94% $11.59 |
3. Richmont | RIC +4.29% $2.18 |
LOSERS
1. Allied Nevada | ANV -6.69% $2.51 |
2. Harmony | HMY -6.10% $2.00 |
3. SilverCrest | SVLC -6.04% $1.40 |
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, 10 October 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Gain About 3% on the Week
