-- Published: Tuesday, 9 December 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1229.60 | $24.60 |
Silver | $17.04 | $0.66 |
XAU | 73.31 | +4.46% |
HUI | 175.79 | +5.00% |
GDM | 546.35 | +4.41% |
JSE Gold | 1104.45 | +38.22 |
USD | 88.72 | -0.43 |
Euro | 123.69 | +0.52 |
Yen | 83.62 | +0.74 |
Oil | $63.82 | +$0.77 |
10-Year | 2.220% | -0.037 |
Bond | 144.625 | +0.625 |
Dow | 17801.20 | -0.29% |
Nasdaq | 4766.46 | +0.54% |
S&P | 2059.82 | -0.02% |
The Metals:
Gold climbed $29.19 to $1234.19 by late morning in New York before chopped back lower at times, but it still ended with a gain of 2.04%. Silver surged to as high as $17.205 and ended with a gain of 4.03%.
Euro gold rose to about €994, platinum gained $13 to $1244, and copper climbed 4 cents to about $2.94.
Gold and silver equities rose about 5% in the first half hour of trade and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Wholesale Inventories | Oct | 0.4% | 0.2% | 0.4% |
October JOLTS holds September pace CNBC
Tomorrow brings the Treasury Budget for November expected at -$59.0 billion.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose on indications that recently weak prices are influencing companies to reduce exploration and production efforts.
The U.S. dollar fell as the yen rose on worries about global economic growth that sent treasuries higher and the Dow, Nasdaq, and S&P mostly lower.
Among the big names making news in the market today were Hyundai, Bank of America, Abercrombie & Fitch, Tesla, and Amazon.
GATA Posts:
'Spoofing' isn't manipulating gold market alone but Treasuries as well
India should allow banks to hold gold as reserves, World Gold Council report says
India should subordinate itself to London fix, World Gold Council report says
The Statistics:
Activity from: 12/8/2014
Gold Warehouse Stocks: | 7,903,607.138 | -96.45 |
Silver Warehouse Stocks: | 176,714,744.573 | -455,097.262 |
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 | 719.121 | 23,120,465 | US$28,353m |
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$5,461m |
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$441m |
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 1.793 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 162.37: -0.42 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,737.66: No change from yesterday’s data.
The Miners:
Tanzanian Royalty’s (TRX) note financing, Midway’s (MDW) one-time employment inducement stock option, B2Gold’s (BTG) mine operations, and Allied Nevada’s (ANV) priced offering were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Timmins | TGD +14.89% $1.08 |
2. Primero | PPP +13.10% $4.49 |
3. First Majestic | AG +11.15% $4.58 |
LOSERS
1. Allied Nevada | ANV -33.81% $0.93 |
2. Comstock | LODE -6.19% $0.91 |
3. McEwen | MUX -3.28% $1.19 |
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: Tuesday, 9 December 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Over 2% and 4%
