-- Published: Monday, 8 December 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1205.00 | +$13.60 |
Silver | $16.38 | +$0.09 |
XAU | 70.18 | +0.04% |
HUI | 167.41 | +0.85% |
GDM | 523.14 | +0.48% |
JSE Gold | 1066.23 | +1.29 |
USD | 89.15 | -0.20 |
Euro | 123.11 | +0.28 |
Yen | 82.84 | +0.53 |
Oil | $63.05 | -$2.79 |
10-Year | 2.257% | -0.050 |
Bond | 144.00 | +1.03125 |
Dow | 17852.48 | -0.59% |
Nasdaq | 4740.69 | -0.84% |
S&P | 2060.31 | -0.73% |
The Metals:
Gold bumped up to $1197.94 by a little after 9AM EST before it fell back to unchanged at $1191.40 in the next couple of hours of trade, but jumped to a new session high of $1208.85 in early afternoon trade and ended with a gain of 1.14%. Silver surged to as high as $16.423 and ended with a gain of 0.55%.
Euro gold rose to about €979, platinum gained $10 to $1231, and copper fell slightly to about $2.90.
Gold and silver equities fell nearly 3% by late morning, but they then rallied back higher in early afternoon trade and ended with modest gains.
The Economy:
Fed's Lockhart sticks with 2015 liftoff, though low inflation a concern Reuters
U.S. inflation expectations remain flat, NY Fed survey finds Reuters
Average Federal Spending Per Household Nearly $30K dailysignal
U.S. Spending Plan Said to Be Almost Ready for Release Tonight Bloomberg
Tomorrow brings Wholesale Inventories for October expected at 0.2%.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil dropped again on the outlook for ample supplies.
The U.S. dollar fell as the euro and yen bounced back from last week’s losses.
Treasuries rose as the Dow, Nasdaq, and S&P traded as much as 1% lower on disappointing economic data out of China and Japan.
Among the big names making news in the market today were EBay, McDonald’s, Merck, and Blackstone.
GATA Posts:
RT's 'Keiser Report' interviews GATA secretary about gold price suppression
Currency ties key to dollar reserve hegemony, BIS study says
Alex Stanczyk: There is no such thing as a gold shortage
Gold lending rates roar back after jobs data
Koos Jansen: Belgium's central bank considers repatriating gold
The Statistics:
Activity from: 12/5/2014
Gold Warehouse Stocks: | 7,903,703.588 | +176,082.051 |
Silver Warehouse Stocks: | 177,169,841.835 | -463,693.742 |
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 | 720.914 | 23,178,113 | US$27,636m |
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$432m |
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 added 0.896 tonnes.
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:
Pretivm’s (PVG) financing and Kirkland’s (KGI.TO) second quarter results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Sandstorm | SAND +4.58% $2.97 |
2. DRDGOLD | DRD +4.37% $1.91 |
3. New Gold | NGD +3.25% $4.40 |
LOSERS
1. SilverCrest | SVLC -5.34% $1.24 |
2. Gold Resource | GORO-4.70% $3.45 |
3. Almaden | AAU -3.81% $1.01 |
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, 8 December 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain About 1%
