-- Published: Thursday, 11 December 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1225.10 | -$2.30 |
Silver | $17.05 | -$0.03 |
XAU | 69.95 | -1.48% |
HUI | 168.27 | -1.29% |
GDM | 525.88 | -1.32% |
JSE Gold | 1086.80 | -59.44 |
USD | 88.58 | +0.33 |
Euro | 123.94 | -0.51 |
Yen | 84.08 | -0.70 |
Oil | $59.95 | -$0.99 |
10-Year | 2.178% | +0.009 |
Bond | 145.40625 | +0.03125 |
Dow | 17596.34 | +0.36% |
Nasdaq | 4708.16 | +0.52% |
S&P | 2035.33 | +0.45% |
The Metals:
Gold dropped down to $1216.21 at about 10AM EST before it jumped up to $1231.95 by early afternoon in New York, but it then fell back off into the close and ended with a loss of 0.19%. Silver slipped to as low as $16.931 and ended with a loss of 0.18%.
Euro gold rose to about €989, platinum lost $5 to $1235, and copper climbed a couple of cents to about $2.92.
Gold and silver equities fell about 2% at the open before they rose to see slight gains by late morning, but they then fell back off into the close and ended with over 1% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 12/06 | 294K | 295K | 297K |
Retail Sales | Nov | 0.7% | 0.4% | 0.5% |
Retail Sales ex-auto | Nov | 0.5% | 0.2% | 0.4% |
Export Prices | Nov | -1.0% | - | -0.9% |
Export Prices ex-ag. | Nov | -1.2% | - | -0.8% |
Import Prices | Nov | -1.5% | - | -1.2% |
Import Prices ex-oil | Nov | -0.2% | - | -0.2% |
Business Inventories | Oct | 0.2% | 0.2% | 0.3% |
Tomorrow brings PPI and Michigan Sentiment.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell as the U.S. dollar rose on better than expected economic data.
Treasuries traded mixed as the Dow, Nasdaq, and S&P erased the majority of their morning gains after worries about the oil market offset optimism over economic data.
Among the big names making news in the market today were Ford, MetLife, Sony, and RadioShack.
GATA Posts:
Yeah, sure, FT: 'Governor Mark Carney sweeps aside secrecy at Bank of England'
Zero Hedge: Deutsche, Barclays algos busted for FX rigging
Travelogue from London and Munich
The Statistics:
Activity from: 12/10/2014
Gold Warehouse Stocks: | 7,905,668.358 | - |
Silver Warehouse Stocks: | 176,939,439.633 | +734,916.97 |
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 | 724.799 | 23,303,017 | US$28,326m |
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$5,446m |
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$440m |
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 2.988 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 162.37: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,648.28: -89.38 change from yesterday’s data.
The Miners:
Taseko’s (TGB) hedging program and B2Gold’s (BTG) first gold pour were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Gold Fields | GFI +2.76% $4.46 |
2. IAMGOLD | IAG +2.01% $2.51 |
3. McEwen | MUX +1.35% $1.16 |
LOSERS
1. Sandstorm | SAND-7.01% $3.05 |
2. Primero | PPP -6.60% $3.96 |
3. DRDGOLD | DRD -5.73% $1.81 |
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: Thursday, 11 December 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Lower
