-- Published: Friday, 12 December 2014 | Print | Disqus
Gold edged up to $1227.25 at about 5AM EST before it dropped back to $1216.39 over the next five hours of trade, but it then bounced back higher in late morning New York trade and ended with a loss of just 0.25%. Silver rose to as high as $17.205 before it also fell back off, but it ended with a loss of just 0.24%.
Euro gold fell to about €981, platinum lost $9 to $1226, and copper rose slightly to about $2.93.
Gold and silver equities drifted lower in afternoon trade and ended with almost 2% losses.
All of this week’s other economic reports:
Next week’s economic highlights include Empire Manufacturing, Industrial Production, Capacity Utilization, the NAHB Housing Market Index, and Net Long-Term TIC Flows on Monday, Housing Starts and Building Permits on Tuesday, CPI, the Current Account Balance, and a FOMC Rate Decision on Wednesday, and Initial Jobless Claims, the Philadelphia Fed, and Leading Economic Indicators on Thursday.
Charts Courtesy of http://finance.yahoo.com/
Oil fell on another reduced demand forecast from the IEA.
The U.S. dollar index fell and treasuries rose as the Dow, Nasdaq, and S&P dropped nearly 2% on concerns about slowing world economic growth.
Among the big names making news in the market Friday were Chrysler, Ford, Hortonworks, Tesla, and Caesars.
Replying to Suchecki, Jansen still doesn't think Chinese gold leasing can manipulate market
Peter Boehringer explains the German gold repatriation campaign
Bron Suchecki: Why WGC's India gold policy won't cut imports much
Rickards tells USA Watchdog's Hunter about manipulation of gold and everything else
Hugo Salinas Price: Interest rate suppression pushes wages down and unemployment up
Activity from: 12/11/2014
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Johannesburg Securities Exchange (JSE)
New Gold Debentures
Note: Change in Total Tonnes from yesterday’s data: SPDR added 0.949 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 162.10: -0.27 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,648.28: No change from yesterday’s data.
Allied Nevada’s (ANV) closed offering, Midway’s (MDW) new CEO, International Tower Hill’s (THM) closed private placement, and Silver Standard’s (SSRI) addition of Mineral Resources at the Marigold mine were among the big stories in the gold and silver mining industry making headlines Friday.
TGD +6.12% $1.04
2. First Majestic
AG +5.49% $4.80
IAG +2.39% $2.57
1. Gold Resource
FCX -5.13% $21.78
MUX -4.31% $1.11
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: Friday, 12 December 2014 | E-Mail | Print | Source: GoldSeek.com