-- Published: Thursday, 6 November 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1143.50 | +$1.10 |
Silver | $15.45 | +$0.17 |
XAU | 64.26 | +4.28% |
HUI | 152.52 | +3.90% |
GDM | 476.42 | +3.71% |
JSE Gold | 981.98 | +13.01 |
USD | 88.08 | +0.65 |
Euro | 132.75 | -1.10 |
Yen | 86.85 | -0.36 |
Oil | $78.01 | -$0.67 |
10-Year | 2.375% | +0.025 |
Bond | 140.5625 | -0.53125 |
Dow | 17554.47 | +0.40% |
Nasdaq | 4638.46 | +0.38% |
S&P | 2031.21 | +0.38% |
The Metals:
Gold chopped around between $1142.22 and $1149.44 and ended with a gain of 0.1%. Silver rose to as high as $15.465 and ended with a gain of 1.11%.
Euro gold rose to about €924, platinum lost $7 to $1193, and copper climbed a penny to about $3.01.
Gold and silver equities rose about 4% in the first half hour of trade and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 11/01 | 278K | 285K | 288K |
Productivity | Q3 | 2.0% | 1.5% | 2.9% |
Unit Labor Costs | Q3 | 0.3% | 0.7% | -0.5% |
Home Prices Rise in 73% of U.S. Metro Areas, Realtors Say Bloomberg
Tomorrow brings October’s jobs data and Consumer Credit for September.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell after OPEC cut its demand outlook.
The U.S. dollar rose as the euro dropped after European Central Bank President Mario Draghi deepened his commitment to stimulus.
Treasuries saw slight losses as the Dow, Nasdaq, and S&P edged higher on Europe’s pledge to stimulate.
Among the big names making news in the market today were Allergan, Qualcomm, Pinnacle, Fannie Mae, Genworth, Plains, and DirecTV.
GATA Posts:
Gold market rigging drives mines out of business -- but without complaint
Seth Lipsky: Republicans should start by fixing the Fed
Lassonde reconsiders, admits BIS may be manipulating gold market
Dallas Fed president warns Republicans against making central bank account for itself
Koos Jansen: The mainstream media vs. gold
The Statistics:
Activity from: 11/05/2014
Gold Warehouse Stocks: | 8,052,833.736 | -3,139.719 |
Silver Warehouse Stocks: | 180,247,417.063 | -937,957.109 |
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 | 735.820 | 23,657,349 | US$27,072m |
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$5,085m |
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$410m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 38.40 | 1,234,459 | US$1,506m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 2.989 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 160.42: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,682.51: No change from yesterday’s data.
The Miners:
Richmont’s (RIC) third quarter results, Midway’s (MDW) construction progress, Primero’s (PPP) third quarter results, Banro’s (BAA) activities in the Democratic Republic of the Congo, Randgold’s (GOLD) third quarter results, and Silvercorp’s (SVM) renewed permit were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. IAMGOLD | IAG +12.5% $1.71 |
2. Richmont | RIC +11.62% $2.21 |
3. Kinross | KGC +11.5% $2.21 |
LOSERS
1. Turquoise | TRQ -5.40% $2.98 |
2. Primero | PPP -2.84% $3.08 |
3. Harmony | HMY -2.48% $1.56 |
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: Thursday, 6 November 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain With Stocks
