-- Published: Friday, 24 October 2014 | Print | Disqus
Please Note: There will not be any Gold Seeker reports until Wednesday October 29th.
| Close | Gain/Loss | On Week |
Gold | $1231.20 | -$1.70 | -0.53% |
Silver | $17.19 | -$0.03 | -0.52% |
XAU | 75.93 | -0.41% | -1.48% |
HUI | 184.39 | -0.30% | -1.40% |
GDM | 566.25 | -0.26% | -1.30% |
JSE Gold | 1063.10 | +12.06 | -5.62% |
USD | 85.71 | -0.13 | +0.60% |
Euro | 126.68 | +0.19 | -0.74% |
Yen | 92.51 | +0.12 | -1.12% |
Oil | $81.20 | -$0.89 | -2.19% |
10-Year | 2.273% | -0.002 | +3.37% |
Bond | 141.78125 | +0.0625 | -0.72% |
Dow | 16805.41 | +0.76% | +2.59% |
Nasdaq | 4483.71 | +0.69% | +5.29% |
S&P | 1964.58 | +0.71% | +4.12% |
The Metals:
Gold edged up to $1234.18 in Asia before it fell back to $1229.42 at about 11AM EST, but it then bounced back higher midday and ended with a loss of just 0.14%. Silver climbed up to $17.356 in early New York trade before it dropped back to $17.145, but it ended with a loss of just 0.17%.
Euro gold fell to about €972, platinum lost $7 to $1246, and copper remained at about $3.03.
Gold and silver equities waffled near unchanged and ended slightly lower.
The Economy:
Report | For | Reading | Expected | Previous |
New Home Sales | Sep | 467K | 475K | 466K |
All of this week’s other economic reports:
Next week’s economic highlights include Pending Home Sales on Monday, Durable Goods Orders, the Case-Shiller 20-city Index, and Consumer Confidence on Tuesday, a FOMC Rate Decision on Wednesday, Initial Jobless Claims and GDP on Thursday, and Personal Income and Spending, Core PCE Prices, the Employment Cost Index, Chicago PMI, and Michigan Sentiment on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell on speculation that Saudi Arabia’s reduced output in September was not due to an actual cut in production.
The U.S. dollar index fell as the euro rose ahead of next week’s economic data.
Treasuries saw slight gains while the Dow, Nasdaq, and S&P drifted higher on mixed earnings reports.
Among the big names making news in the market Friday were P&G, Ford, Amazon, Microsoft, UPS, Comcast, Moody’s, Bristol-Myers, and Google.
GATA Posts:
Paying people their worth in gold -- a first in Singapore
Three major nations absent as China launches rival to Western development bank
First Majestic CEO wants silver miners to form counter-cartel against futures shorters
Foreign central banks cut U.S. bond stakes to lowest since May
MineWeb's Williams praises GATA consultant Jansen's work on China gold demand data
Chris Powell: The crucial questions financial journalism won't ask and central banks won't answer
The Statistics:
Activity from: 10/23/2014
Gold Warehouse Stocks: | 8,577,395.870 | - |
Silver Warehouse Stocks: | 181,125,066.512 | +1,605,000.452 |
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 | 749.872 | 24,109,123 | US$29,709m |
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$5,465m |
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$442m |
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: 161.91: +0.51 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,681.42: No change from yesterday’s data.
The Miners:
Randgold’s (GOLD) response to Mali’s first Ebola case and Turquoise Hill’s (TRQ) new director were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. DRDGOLD | DRD +2.43% $2.95 |
2. Coeur | CDE +2.18% $4.40 |
3. Tahoe | TAHO +1.48% $21.20 |
LOSERS
1. Sandstorm | SAND-5.22% $3.81 |
2. Allied Nevada | ANV -4.17% $2.30 |
3. Avino | ASM -4.14% $1.39 |
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, 24 October 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver End Slightly Lower on the Week
