-- Published: Wednesday, 10 December 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1227.40 | -$2.20 |
Silver | $17.08 | +$0.04 |
XAU | 71.00 | -3.15% |
HUI | 170.47 | -3.02% |
GDM | 532.94 | -2.49% |
JSE Gold | 1146.24 | +41.79 |
USD | 88.25 | -0.47 |
Euro | 124.44 | +0.70 |
Yen | 84.74 | +1.18 |
Oil | $60.94 | -$2.88 |
10-Year | 2.169% | -0.051 |
Bond | 145.59375 | +1.00 |
Dow | 17533.15 | -1.51% |
Nasdaq | 4684.02 | -1.73% |
S&P | 2026.14 | -1.64% |
The Metals:
Gold climbed $8.63 to $1238.23 in Asia before it fell back to $1225.03 in London and then chopped back higher in morning New York trade, but it then drifted back lower in afternoon trade and ended with a loss of 0.18%. Silver rose to as high as $17.301 before it also fell back off, but it still ended with a gain of 0.24%.
Euro gold fell to about €986, platinum lost $4 to $1240, and copper dropped 4 cents to about $2.90.
Gold and silver equities traded mostly slightly higher for much of the day, but they then fell back off along with the major indices in the last couple of hours of trade and ended with about 3% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Treasury Budget | Nov | -$56.8B | -$59.0B | -$135.2B |
U.S. mortgage applications rise in latest week: MBA Reuters
Tomorrow brings Initial Jobless Claims, Retail Sales, Export and Import Prices, and Business Inventories.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell over 4% on a reduced demand forecast from OPEC and a surprise 1.5 million inventory increase in the US.
The U.S. dollar dropped again as the yen continued to rise on global economic uncertainty that sent the Dow, Nasdaq, and S&P over 1.5% lower.
Treasuries added to early gains after today’s 10-year note auction sold at a yield of 2.214% with a bid to cover of 2.97.
Among the big names making news in the market today were Costco, NQ Mobile, Honda, and T-Mobile.
GATA Posts:
HSBC fires head of forex trading in London
So who's making the movie about central banking?
Indian households said to spend 8% of daily consumption on gold jewellery and coins
Mexico vows to sell dollars to halt peso's slide
Bron Suchecki: PBOC paper recommends leasing its reserves to manipulate gold price
The Statistics:
Activity from: 12/09/2014
Gold Warehouse Stocks: | 7,905,668.358 | +2,511.22 |
Silver Warehouse Stocks: | 176,204,522.663 | -510,221.91 |
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 | 721.811 | 23,206,937 | US$28,505m |
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$5,453m |
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 added 2.69 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 162.37: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,737.66: No change from yesterday’s data.
The Miners:
Yamana’s (AUY) advancement of strategic initiatives relating to non-core Brazilian assets and Paramount’s (PZG) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Sandstorm | SAND +1.86% $3.28 |
2. Almaden | AAU +0.99% $1.02 |
3. Richmont | RIC +0.91% $3.31 |
LOSERS
1. AngloGold | AU -6.83% $8.46 |
2. Timmins | TGD -6.48% $1.01 |
3. Tahoe | TAHO-3.89% $13.21 |
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: Wednesday, 10 December 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Mixed While Stocks Drop
