-- Published: Friday, 5 December 2014 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1191.40 | -$14.90 | +2.09% |
Silver | $16.29 | -$0.17 | +5.51% |
XAU | 70.15 | -1.83% | +2.57% |
HUI | 166.01 | -2.61% | +1.98% |
GDM | 520.59 | -2.33% | +1.87% |
JSE Gold | 1064.94 | -27.00 | -0.15% |
USD | 89.35 | +0.73 | +1.20% |
Euro | 122.90 | -0.89 | -1.20% |
Yen | 82.38 | -1.11 | -2.29% |
Oil | $65.84 | -$0.97 | -0.47% |
10-Year | 2.307% | +0.050 | +5.15% |
Bond | 142.90625 | -0.375 | -0.93% |
Dow | 17958.79 | +0.33% | +0.73% |
Nasdaq | 4780.75 | +0.24% | -0.23% |
S&P | 2075.37 | +0.17% | +0.38% |
The Metals:
Gold edged up to $1207.47 at about 8:15AM EST before it dropped to $1187.20 just after this morning’s jobs report was released and then bounced back higher at times, but it still ended with a loss of 1.24%. Silver slipped to as low as $16.22 and ended with a loss of 1.03%.
Euro gold fell to about €969, platinum lost $13 to $1221, and copper fell slightly to about $2.91.
Gold and silver equities fell about 3% in the first fifteen minutes of trade before they rallied back higher in late morning trade, but the still ended with about 2% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Nonfarm Payrolls | Nov | 321K | 230K | 243K |
Unemployment Rate | Nov | 5.8% | 5.8% | 5.8% |
Hourly Earnings | Nov | 0.4% | 0.2% | 0.1% |
Average Workweek | Nov | 34.6 | 34.6 | 34.5 |
Trade Balance | Oct | -$43.4B | -$42.0B | -$43.6B |
Factory Orders | Oct | -0.7% | 0.2% | -0.5% |
Consumer Credit | Oct | $13.2B | $16.5B | $15.4B |
The BLS net birth/death adjustment added 8,000 payrolls to November’s data. Private Payrolls rose 314,000.
All of this week’s other economic reports:
Next week’s economic highlights include Wholesale Inventories on Tuesday, the Treasury Budget on Wednesday, Initial Jobless Claims, Retail Sales, Export and Import Prices, and Business Inventories on Thursday, and PPI and Michigan Sentiment on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil dropped as the U.S. dollar index rose and treasuries fell on better than expected jobs data that sent the Dow, Nasdaq, and S&P higher.
Among the big names making news in the market Friday were Starbucks, Burger King, and Cadillac.
GATA Posts:
Koos Jansen: World Gold Council increases estimate of Chinese gold demand
Zero Hedge: Draghi says we have nothing to fear but gold buying itself
The Statistics:
Activity from: 12/04/2014
Gold Warehouse Stocks: | 7,727,621.537 | -133,498.566 |
Silver Warehouse Stocks: | 177,733,534.537 | +411,771.54 |
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 | 720.018 | 23,149,288 | US$27,625m |
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$5,297m |
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$427m |
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: 162.79: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,737.66: No change from yesterday’s data.
The Miners:
Allied Nevada’s (ANV) operational update and Freeport’s (FCX) cash tender offer were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Fortuna | FSM +2.63% $4.30 |
2. Nevsun | NSU +1.59% $3.83 |
3. SilverCrest | SVLC +1.55% $1.31 |
LOSERS
1. Allied Nevada | ANV -11.54% $1.38 |
2. Primero | PPP -6.10% $4.05 |
3. DRDGOLD | DRD -4.69% $1.83 |
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
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
Additional Resources for today’s Gold Seeker Report can be found:
© Gold Seeker 2014
Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.
Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.
| Digg This Article
-- Published: Friday, 5 December 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 2% and 5% on the Week
