-- Published: Monday, 13 October 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1232.70 | +$9.00 |
Silver | $17.45 | +$0.10 |
XAU | 78.48 | +1.58% |
HUI | 192.65 | +1.94% |
GDM | 583.53 | +1.51% |
JSE Gold | 1173.59 | +10.84 |
USD | 85.45 | -0.35 |
Euro | 126.92 | +0.68 |
Yen | 93.39 | +0.51 |
Oil | $85.74 | -$0.08 |
10-Year | 2.286% | -0.021 |
Bond | 142.1875 | +0.90625 |
Dow | 16321.07 | -1.35% |
Nasdaq | 4213.65 | -1.46% |
S&P | 1874.74 | -1.65% |
The Metals:
Gold climbed $12.16 to $1235.86 in Asia before it fell back to $1225.13 in London, but it then rallied back higher in New York and ended with a gain of 0.74%. Silver rose to as high as $17.583 and ended with a gain of 0.58%.
Euro gold rose to about €971, platinum gained $2 to $1260, and copper remained at about $3.03.
Gold and silver equities rose about 4% by midafternoon before they pared back a bit in the last couple of hours of trade along with the major indices, but they still ended with almost 2% gains.
The Economy:
U.S. Economy Set to Shrug Off Wall Street Growth Worries Bloomberg
Fed Officials Say Slow World Growth Could Delay Rate Rise Bloomberg
There were no major economic reports today, and there are none due out tomorrow.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell on indications that OPEC will keep output at current high levels despite recent price weakness.
The U.S. dollar fell on continued worries about the economy that sent the Dow, Nasdaq, and S&P over 1% lower by the close.
Among the big names making news in the market today were GE, Targa, J.C. Penney, Steris, NetScout, Canadian Pacific, and Fiat Chrysler.
GATA Posts:
Russian oil exec accuses Saudis of manipulating oil price down
Faber's likely last time on BNN: Gold and silver markets are manipulated
Robert Fitzwilson: Will world reject the West's paper-manipulated markets?
Asian market hubs move into gold
China gold market researcher Koos Jansen interviewed by TF Metals Report
Draghi says growing ECB balance sheet is last stimulus tool left
China's Zhou says some countries already use yuan in reserves
Banks accept derivatives rule change to end 'too big to fail' scenario
China now takes nearly all world gold production, Shanghai exchange chief confirms
Jim Sinclair plans market seminar in San Francisco on Nov. 15
The Statistics:
Activity from: 10/10/2014
Gold Warehouse Stocks: | 8,979,662.408 | -3,200.00 |
Silver Warehouse Stocks: | 184,102,831.060 | +497,809.19 |
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 | 759.440 | 24,416,747 | US$30,000m |
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$5,463m |
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$441m |
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 2.645 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 161.07: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,752.98: -59.64 change from yesterday’s data.
The Miners:
WINNERS
1. Coeur | CDE +6.93% $4.61 |
2. Richmont | RIC +6.80% $2.33 |
3. Pretivm | PVG +6.51% $5.30 |
LOSERS
1. Turquoise | TRQ -4.14% $3.47 |
2. SilverCrest | SVLC -3.57% $1.35 |
3. Solitario | XPL -2.88% $1.01 |
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, 13 October 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain While Dow Drops Over 1%
