-- 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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-- Published: Tuesday, 16 December 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Gains While Silver Slips
