-- Published: Monday, 3 November 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1166.90 | $5.50 |
Silver | $16.16 | UNCH |
XAU | 66.83 | +3.02% |
HUI | 160.42 | +2.69% |
GDM | 494.50 | +2.38% |
JSE Gold | 1001.34 | +43.61 |
USD | 87.30 | +0.43 |
Euro | 124.90 | -0.29 |
Yen | 87.83 | -1.21 |
Oil | $78.78 | -$1.76 |
10-Year | 2.348% | +0.013 |
Bond | 141.03125 | -0.0625 |
Dow | 17366.24 | -0.14% |
Nasdaq | 4638.90 | +0.18% |
S&P | 2017.81 | -0.01% |
The Metals:
Gold dropped down to $1163.51 in Asia before it rebounded to $1173.43 in London, but it then fell back off in New York and ended with a loss of 0.47%. Silver slipped to as low as $15.827 in Asia, but it then rose to as high as $16.232 in New York and ended at unchanged on the day.
Euro gold fell to about €934, platinum gained $3 to $1235, and copper climbed a penny to about $3.06.
Gold and silver equities waffled near unchanged for most of the morning before they rose to see about 3% gains in early afternoon trade and then chopped back lower at times, but they still ended near their highs of the day.
The Economy:
Report | For | Reading | Expected | Previous |
ISM Index | Oct | 59.0 | 56.2 | 56.6 |
Construction Spending | Sep | -0.4% | 0.7% | -0.5% |
Tomorrow brings the Trade Balance and Factory Orders.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell and the U.S. dollar rose as the yen continued to fall in further reaction to Friday’s announcement by the Bank of Japan.
Treasuries saw slight losses as the Dow, Nasdaq, and S&P waffled near unchanged in relatively quiet trade.
Among the big names making news in the market today were Alibaba, HSBC, Publicis and Sapient, LabCorp and Covance, Nissan, and Honda.
GATA Posts:
Is that where all that gold going into China is coming from?
The Statistics:
Activity from: 10/31/2014
Gold Warehouse Stocks: | 8,422,441.639 | - |
Silver Warehouse Stocks: | 180,185,577.172 | -319,770.54 |
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 | 741.201 | 23,830,355 | US$27,813m |
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$5,197m |
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$419m |
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: 161.33: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,711.23: +29.81 change from yesterday’s data.
The Miners:
Entree Gold’s (EGI) Feasibility Study results, Claude’s (CGR) third quarter results, AngloGold’s (AU) third quarter results, and Alexco’s (AXU) extension were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. AngloGold | AU +22.73% $10.12 |
2. Tanzanian Royalty | TRX +8.80% $1.36 |
3. Harmony | HMY +7.41%$1.74 |
LOSERS
1. Almaden | AAU -4.24% $1.13 |
2. Freeport | FCX -2.49% $27.79 |
3. Nevsun | NSU -2.06% $3.32 |
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, 3 November 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Dips but Miners Gain
