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Gold Seeker Closing Report: Gold Gains While Silver Slips
By: Chris Mullen, Gold-Seeker.com

 -- Published: Tuesday, 16 December 2014 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1196.30

+$4.60

Silver

$15.74

-$0.40

XAU

63.14

-1.45%

HUI

151.35

-1.81%

GDM

475.86

-1.68%

JSE Gold

1089.10

+5.06

USD

87.93

-0.55

Euro

125.13

+0.75

Yen

85.72

+0.96

Oil

$55.93

+$0.02

10-Year

2.071%

-0.045

Bond

147.5625

+1.03125

Dow

17068.87

-0.65%

Nasdaq

4547.83

-1.24%

S&P

1972.74

-0.85%

 
 

 

The Metals:

 

Gold climbed $31.65 to $1223.35 at about 7AM EST before it fell back to $1187.93 in the next four hours of trade, but it then bounced back higher into the close and ended with a gain of 0.39%.  Silver rose to as high as $16.641 before it fell back to $15.538 and then also rebounded, but it still ended with a loss of 2.48%.

 

Euro gold fell to about €956, platinum lost $10 to $1195, and copper fell a couple of cents to about $2.87.

 

Gold and silver equities rose about 3% at the open before they fell to see slight losses by late morning and then bounced back higher, but they then fell back off again into the close and ended with over 1% losses.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Housing Starts

Nov

1028K

1035K

1045K

Building Permits

Nov

1035K

1060K

1092K

 

Fed Seen Looking Past Low Inflation to Drop 'Considerable Time'  Bloomberg

 

Tomorrow brings CPI, the Current Account Balance, and a FOMC Rate Decision.

 

The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil ended just slightly higher in volatile trade as a surprise interest rate hike in Russia and a weak China PMI reading swung the market on options expiration day.

 

The U.S. dollar fell as the yen rose on market uncertainty that sent treasuries higher.

 

The Dow, Nasdaq, and S&P ended notably lower in mixed trade.

 

Among the big names making news in the market today were Navistar, Honda, Repsol and Talisman Energy, CVS, and RadioShack.

 

GATA Posts:

 

 

India to weigh gold policy impact after 38% spurt in November imports

 

The Statistics:

Activity from: 12/15/2014

Gold Warehouse Stocks:

7,922,346.888

+699.98

Silver Warehouse Stocks:

175,567,366.881

-29,825.62

 

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

723.357

23,256,661

US$27,958m

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$5,320m

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$428m

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 2.391 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 161.44: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,606.57: No change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Coeur

CDE +5.79% $4.57

2.  Nevsun

NSU +5.03% $3.76

3.  Randgold

GOLD +2.24% $61.78

 

LOSERS

1.  Primero

PPP -10.15% $3.14

2.  SilverCrest

SVLC -7.63% $1.21

3.  Alamos

AGI -6.76% $6.48

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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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2014

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

 

 

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions.  The author of this report is not a registered financial advisor.  Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate.  The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.  Past results are not necessarily indicative of future results.  Any statements non-factual in nature constitute only current opinions, which are subject to change.  Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein.  Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.

 


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 -- Published: Tuesday, 16 December 2014 | E-Mail  | Print  | Source: GoldSeek.com

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