-- Published: Monday, 1 December 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1212.60 | +$45.60 |
Silver | $16.47 | +$1.03 |
XAU | 73.11 | +6.90% |
HUI | 175.68 | +7.92% |
GDM | 542.38 | +6.15% |
JSE Gold | 1046.37 | -20.21 |
USD | 87.99 | -0.30 |
Euro | 124.72 | +0.27 |
Yen | 84.49 | +0.21 |
Oil | $69.00 | +$2.85 |
10-Year | 2.218% | +0.024 |
Bond | 143.50 | -0.5625 |
Dow | 17776.80 | -0.29% |
Nasdaq | 4727.34 | -1.34% |
S&P | 2053.44 | -0.68% |
The Metals:
Gold dropped $24.17 to $1142.83 at the open of trade last night, but it then climbed back higher throughout most of the rest of trade and ended near its early afternoon high of $1220.22 with a gain of 3.91%. Silver slipped to as low as $14.436 at one point, but it then rose to as high as $16.75 and ended with a gain of 6.67%.
Euro gold rose to about €972, platinum gained $39 to $1237, and copper climbed 6 cents to about $2.93.
Gold and silver equities climbed about 4% in the first fifteen minutes of trade before they pared back a bit midmorning, but they then climbed to new highs in afternoon action and ended with about 7% gains.
The Economy:
Report | For | Reading | Expected | Previous |
ISM Index | Nov | 58.7 | 58.0 | 59.0 |
Black Friday Fizzles With Consumers as Sales Tumble 11% Bloomberg
Fed rattled by elusive inflation, but loath to sound alarm yet Reuters
Tomorrow at 10AM EST brings Construction Spending for October expected at 0.6%.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil bounced back from last week’s 5-year lows on worries about shale output.
The U.S. dollar dropped on profit taking.
Treasuries saw slight losses on better than expected economic data.
The Dow, Nasdaq, and S&P fell on disappointing retail sales reports.
Among the big names making news in the market today were IBM, Berkshire Hathaway, and Sony.
GATA Posts:
CNBC Europe interviews GATA secretary and Hinde Capital's Davies
Bron Suchecki: How historic is this negative GOFO?
Avery Goodman: India is back and that's more important to gold than Swiss vote
Zero Hedge: Biggest monthly withdrawal of custodial gold from NY Fed since 2001
The Statistics:
Activity from: 11/28/2014
Gold Warehouse Stocks: | 7,888,102.562 | -40,600.00 |
Silver Warehouse Stocks: | 177,990,721.467 | +982,620.74 |
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 | 717.627 | 23,072,418 | US$27,535m |
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$5,345m |
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$435m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 38.40 | 1,234,459 | US$1,506m |
COMEX Gold Trust (IAU) Total Tonnes in Trust: 161.80.
Silver Trust (SLV) Total Tonnes in Trust: 10,822.60.
The Miners:
Goldcorp’s (GG) dividend, Midway’s (MDW) project finance facility, Rio Alto’s (RIOM) project capex estimate, Aurcana’s (AUN.V) third quarter results, First Majestic’s (AG) appeal dismissal, and Santacruz Silver’s (SCZ.V) amended Pre-paid Silver Purchase Agreement were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Allied Nevada | ANV +18.49% $1.73 |
2. Buenaventura | BVN +13.84% $10.53 |
3. New Gold | NGD +13.72% $4.56 |
LOSERS
1. Tahoe | TAHO-9.14% $14.51 |
2. Comstock | LODE -9.09% $1.00 |
3. Avino | ASM -7.80% $1.30 |
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, 1 December 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Almost 4% and 7%
