-- Published: Monday, 17 November 2014 | Print | Disqus
Gold dropped $8.61 to $1182.09 at the open of trade last night before it quickly rebounded to $1194.08 and then dropped back to $1181.81 in late morning New York trade, but it then bounced back higher in afternoon trade and ended with a loss of just 0.36%. Silver slipped to as low as $16.049 and ended with a loss of 0.86%.
Euro gold rose to about €953, platinum lost $13 to $1198, and copper fell slightly to about $3.04.
Gold and silver equities saw about 1% losses for much of the morning before they rose to see over 2% gains by midafternoon and then chopped back lower at times, but they still ended with over 1.5% gains.
Tomorrow brings PPI, the NAHB Housing Market Index, and Net Long-Term TIC Flows.
Charts Courtesy of http://finance.yahoo.com/
Oil fell and the U.S. dollar climbed higher as the euro dropped after Draghi spoke about weak economic growth in the eurozone over the summer.
Treasuries traded mixed along with the Dow, Nasdaq, and S&P as weak economic data around the globe was offset by merger activity.
Among the big names making news in the market today were Allergan and Actavis, Halliburton and Baker Hughes, Merck, and Aon.
Koos Jansen: Monetary metals demand remains strong in China and soars in India
Indian central bank pressing for more limits on gold imports
ECB official says central bank could buy gold to boost inflation
Activity from: 11/14/2014
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Johannesburg Securities Exchange (JSE)
New Gold Debentures
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 160.12: -0.30 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,789.82: No change from yesterday’s data.
Richmont’s (RIC) new CEO, Osisko’s (OR.TO) business combination with Virginia Mines (VGQ.TO), and Avino’s (ASM) commissioned mill circuit were among the big stories in the gold and silver mining industry making headlines today.
1. Allied Nevada
ANV +21.90% $1.67
2. Tanzanian Royalty
TRX +14.42% $1.19
RIC +12.16% $2.86
SVLC -4.83% $1.38
2. First Majestic
AG -3.28% $5.11
LODE -1.75% $1.12
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, 17 November 2014 | E-Mail | Print | Source: GoldSeek.com