-- Published: Friday, 19 December 2014 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1195.00 | -$3.10 | -2.22% |
Silver | $16.04 | +$0.13 | -5.70% |
XAU | 69.28 | -0.19% | +0.46% |
HUI | 164.72 | -1.19% | +0.23% |
GDM | 513.37 | -0.72% | -0.22% |
JSE Gold | 1116.30 | -6.67 | +2.98% |
USD | 89.61 | +0.39 | +1.45% |
Euro | 122.26 | -0.60 | -1.86% |
Yen | 83.65 | -0.50 | -0.72% |
Oil | $56.52 | +$2.41 | -2.23% |
10-Year | 2.176% | -0.028 | +3.47% |
Bond | 145.78125 | +0.59375 | -0.79% |
Dow | 17804.80 | +0.15% | +3.03% |
Nasdaq | 4765.38 | +0.36% | +2.40% |
S&P | 2070.66 | +0.46% | +3.41% |
The Metals:
Gold waffled between $1201.06 and $1194.31 in Asia and held near unchanged in London before it drifted back lower in New York, but it ended with a loss of just 0.26%. Silver slipped to $15.844 in London, but it the rose to as high as $16.099 in New York and ended with a gain of 0.82%.
Euro gold rose to about €977, platinum lost $2 to $1195, and copper climbed 3 cents to about $2.89.
Gold and silver equities slipped lower in afternoon trade and ended with about 1% losses.
The Economy:
All of this week’s economic reports:
NAHB Housing Market Index - December | 57 v. 58 |
Next week’s economic highlights include Existing Home Sales on Monday, Durable Goods Orders, GDP, the FHFA Housing Price Index, Michigan Sentiment, Personal Income and Spending, Core PCE Prices, and New Home Sales on Tuesday, and Initial Jobless Claims on Wednesday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil bounced back from 5-year lows on short covering.
The U.S. dollar index rose on the view that the fed may raise interest rates before the ECB or Bank of Japan.
Treasuries edged higher as the Dow, Nasdaq, and S&P held near unchanged in relatively quiet trade.
Among the big names making news in the market Friday were Meredith Whitney, MetLife, Petrobras, and Blackberry.
GATA Posts:
Paul Craig Roberts: Financial market manipulation is the new trend -- Can it continue?
Koos Jansen: Russia isn't selling its gold reserves
Fed grants banks a reprieve from Volcker Rule, their second win this month
The Statistics:
Activity from: 12/18/2014
Gold Warehouse Stocks: | 7,939,900.128 | -3,408.53 |
Silver Warehouse Stocks: | 174,862,704.396 | -570,775.893 |
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$27,725m |
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$5,318m |
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: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 161.02: -0.42 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,544.01: No change from yesterday’s data.
The Miners:
Exeter’s (XRA) amended technical report, Freeport’s (FCX) dividend, Timberline’s (TLR) new CEO, Silvercorp’s (SVM) share repurchase program, Paramount’s (PZG) shareholder meeting, and Coeur’s (CDE) initial resource estimate were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Gold Resource | GORO +7.09% $3.17 |
2. Rio Alto | RIOM +6.33% $2.52 |
3. Endeavor Silver | EXK +5.96% $2.31 |
LOSERS
1. B2Gold | BTG 4.62% $1.58 |
2. AuRico | AUQ -2.99% $3.24 |
3. Gold Fields | GFI -2.91% $4.36 |
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, 19 December 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Over 2% and 5% on the Week
