-- Published: Monday, 10 November 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1149.40 | -$25.90 |
Silver | $15.56 | -$0.18 |
XAU | 65.09 | -5.71% |
HUI | 154.51 | -6.10% |
GDM | 484.83 | -5.24% |
JSE Gold | 1032.95 | +13.73 |
USD | 87.80 | +0.22 |
Euro | 124.20 | -0.38 |
Yen | 87.07 | -0.19 |
Oil | $77.19 | -$1.46 |
10-Year | 2.359% | +0.047 |
Bond | 140.96875 | -0.6875 |
Dow | 17613.74 | +0.23% |
Nasdaq | 4651.61 | +0.41% |
S&P | 2038.26 | +0.31% |
The Metals:
Gold fell steadily throughout most of world trade and ended near its late session low of $1147.31 with a loss of 2.2%. Silver slipped to as low as $15.496 and ended with a loss of 1.14%.
Euro gold fell to about €925, platinum lost $20 to $1193, and copper fell a few cents to about $3.01.
Gold and silver equities fell throughout most of trade and ended with about 6% losses.
The Economy:
Food costs eating into consumers' saving at the pump as holidays near Reuters
There are no major economic reports due out tomorrow.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil reversed early gains and ended lower after OPEC signaled that it would not be cutting production to boost prices.
The U.S. dollar rose and treasuries fell as the Dow, Nasdaq, and S&P edged higher on optimism about recent earnings reports.
Among the big names making news in the market today were Nissan, Barclays, Boeing, and McDonald’s.
GATA Posts:
Russian central bank buys up domestic gold output as sanctions bite
Why not defend the ruble by buying gold instead?
Koos Jansen: Chinese gold demand strong, mainstream media twisting
The Statistics:
Activity from: 11/7/2014
Gold Warehouse Stocks: | 8,199,046.146 | +16,010.70 |
Silver Warehouse Stocks: | 179,776,964.038 | -99,396.30 |
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 | 727.151 | 23,378,624 | US$27,149m |
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$5,146m |
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$413m |
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 5.68 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 160.42: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,727.23: +44.72 change from yesterday’s data.
The Miners:
Goldcorp’s (GG) dividend, McEwen’s (MUX) third quarter results, Turquoise Hill’s (TRQ) third quarter results, Rio Alto’s (RIOM) third quarter results, Scorpio’s (SPM.TO) merger of equals with U.S. Silver & Gold (USA.TO), New Gold’s (NGD) plans to acquire Bayfield (BYV.V), Paramount’s (PZG) drill results, and Endeavour Silver’s (EXK) third quarter results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Allied Nevada | ANV +4.76% $1.10 |
2. Turquoise | TRQ +2.20% $3.25 |
3. Almaden | AAU +1.81% $1.07 |
LOSERS
1. Tanzanian Royalty | TRX -14.75% $1.04 |
2. Endeavour Silver | EXK -13.9% $2.61 |
3. McEwen | MUX-12.77% $1.23 |
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, 10 November 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Over 2% and 1%
