-- Published: Wednesday, 22 October 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1241.50 | -$6.80 |
Silver | $17.15 | -$0.36 |
XAU | 75.92 | -3.58% |
HUI | 184.58 | -3.17% |
GDM | 566.55 | -2.94% |
JSE Gold | 1085.07 | -19.91 |
USD | 85.75 | +0.40 |
Euro | 126.46 | -0.70 |
Yen | 93.34 | -0.09 |
Oil | $80.52 | -$1.97 |
10-Year | 2.229% | +0.021 |
Bond | 142.46875 | -0.21875 |
Dow | 16461.32 | -0.92% |
Nasdaq | 4382.84 | -0.83% |
S&P | 1927.11 | -0.73% |
The Metals:
Gold edged up to $1249.35 in Asia before it dropped back to $1241.45 at about 9AM EST and then bounced back higher into midday, but it then fell back off again in the last couple of hours of trade and ended with a loss of 0.54%. Silver slipped to as low as $17.122 and ended with a loss of 2.06%.
Euro gold remained at about €982, platinum lost $12 to $1262, and copper fell a couple of cents to about $3.01.
Gold and silver equities fell throughout most of trade and ended with about 3% losses.
The Economy:
Report | For | Reading | Expected | Previous |
CPI | Sep | 0.1% | 0.0% | -0.2% |
Core CPI | Sep | 0.1% | 0.2% | 0.0% |
U.S. mortgage applications rose last week: MBA Reuters
Tomorrow brings Initial Jobless Claims, the FHFA Housing Price Index, and Leading Economic Indicators.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ultimately fell in mixed trade after the Energy Information Administration reported that crude inventories rose 7.11 million barrels, gasoline inventories fell 1.3 million barrels, and distillates rose 1.05 million barrels.
The U.S. dollar climbed on higher than expected inflation data that raised interest rate expectations.
Treasuries fell as the Dow, Nasdaq, and S&P edged higher on decent earnings reports for most of the morning, but stocks then fell back off in afternoon trade and ended with decent losses on worries about a shooting in Canada.
Among the big names making news in the market today were Toyota, Total, General Dynamic, Abbott, Dow Chemical, and Boeing.
GATA Posts:
Barron interviewed on 'peak gold,' mining costs, and Swiss referendum
Top bullion consumer China works on first gold forwards, options
Koos Jansen: It's official -- China's gold demand in 2013 was 2,199 tonnes
Currency wars are back: 'Export your deflation to someone else'
James G. Rickards: In the year 2024
Kinross to sell halted Ecuador gold project to Lundin company
The Statistics:
Activity from: 10/21/2014
Gold Warehouse Stocks: | 8,898,895.870 | - |
Silver Warehouse Stocks: | 179,586,585.180 | +138,648.68 |
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 | 751.965 | 24,176,415 | US$30,058m |
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$5,522m |
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$446m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 38.40 | 1,234,459 | US$1,506m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 161.40: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,681.42: No change from yesterday’s data.
The Miners:
Golden Star’s (GSS) Preliminary Economic Assessment and Randgold’s (GOLD) comments about Africa were among the big stories in the gold and silver mining industry making headlines today.
No “winners” today.
LOSERS
1. Coeur | CDE -15.22% $4.32 |
2. Avino | ASM -10.26% $1.40 |
3. DRDGOLD | DRD -7.78% $2.49 |
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: Wednesday, 22 October 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall With Stocks
