-- Published: Wednesday, 17 December 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1188.90 | -$7.40 |
Silver | $15.77 | +$0.03 |
XAU | 66.57 | +5.32% |
HUI | 159.25 | +5.27% |
GDM | 495.22 | +4.51% |
JSE Gold | 1063.93 | -25.17 |
USD | 89.04 | +1.11 |
Euro | 123.44 | -1.67 |
Yen | 84.27 | -1.55 |
Oil | $56.47 | +$0.54 |
10-Year | 2.148% | +0.077 |
Bond | 146.375 | -0.84375 |
Dow | 17356.87 | +1.69% |
Nasdaq | 4644.31 | +2.12% |
S&P | 2012.89 | +2.04% |
The Metals:
Gold edged up to $1202.23 in London before it fell to as low as $1184.89 after today’s fed statement, but it then bounced back higher in the last hour of trade and ended with a loss of just 0.62%. Silver slipped to $15.623 in late morning New York trade before it jumped up to $16.016 after today’s fed statement, but it then fell back off into the close and ended with a gain of just 0.19%.
Euro gold rose to about €963, platinum lost $7.50 to $1187.50, and copper climbed a penny to about $2.88.
Gold and silver equities rose almost 6% after today’s fed statement before they fell back off at times, but they still ended with about 5% gains.
The Economy:
Report | For | Reading | Expected | Previous |
Current Account Balance | Q3 | -$100.3B | -$95.0B | -$98.4B |
CPI | Nov | -0.3% | -0.1% | 0.0% |
Core CPI | Nov | 0.1% | 0.1% | 0.2% |
Fed says they can be ‘patient’ on rate hikes MarketWatch
Fed confident in U.S. growth outlook, opens door wider to rate hike Reuters
Fed Pledges Patience on Rates While Dropping ‘Considerable Time’ Bloomberg
U.S. mortgage applications fall in latest week: MBA Reuters
Tomorrow brings Initial Jobless Claims, the Philadelphia Fed, and Leading Economic Indicators.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil jumped as much as 5% higher after the Energy Information Administration reported that crude inventories fell 800,000 barrels, gasoline inventories rose 5.3 million barrels, and distillates fell 200,000 barrels, but it then pared its gains after today’s fed statement.
The U.S. dollar ultimately extended higher after today’s fed statement.
Treasuries fell as the Dow, Nasdaq, and S&P added to their morning gains after today’s fed statement.
Among the big names making news in the market today were Chevron, Pimco, Sony, Philips and Volcano, and FedEx.
GATA Posts:
Pam Martens: Meet your newest legislator -- Citigroup
Traders betting Russia's next move will be to sell gold
The Statistics:
Activity from: 12/16/2014
Gold Warehouse Stocks: | 7,942,174.878 | +19,827.99 |
Silver Warehouse Stocks: | 175,416,738.001 | -150,628.88 |
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 | 721.564 | 23,199,017 | US$27,731m |
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$5,300m |
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$429m |
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 1.793 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:
Kinross Gold’s (KGC) completed sale, Turquoise Hill’s (TRQ) lawsuit dismissal, Nevsun’s (NSU) assay results, Lake Shore’s (LSG) credit repayment, Coeur’s (CDE) merger agreement with Paramount (PZG), and Fortuna’s (FSM) mill expansion were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. MAG Silver | MVG +14.17% $7.01 |
2. Endeavour Silver | EXK +10.27% $2.04 |
3. IAMGOLD | IAG +9.05% $2.41 |
LOSER
1. Coeur | CDE -5.03% $4.34 |
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, 17 December 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Mixed While Stocks Surge Higher
