-- Published: Monday, 22 December 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1172.80 | -$22.20 |
Silver | $15.65 | -$0.39 |
XAU | 65.39 | -5.77% |
HUI | 155.38 | -6.07% |
GDM | 487.20 | -5.22% |
JSE Gold | 1113.28 | -3.02 |
USD | 89.75 | +0.14 |
Euro | 122.24 | -0.05 |
Yen | 83.32 | -0.35 |
Oil | $55.38 | -$1.75 |
10-Year | 2.162% | -0.014 |
Bond | 144.625 | +0.3125 |
Dow | 17959.44 | +0.87% |
Nasdaq | 4781.42 | +0.34% |
S&P | 2078.54 | +0.38% |
The Metals:
Gold gained $6.98 to $1201.98 in Asia and held near unchanged in London, but it then fell back off for most of trade in New York and ended with a loss of 1.86%. Silver slipped to as low as $15.533 and ended with a loss of 2.43%.
Euro gold fell to about €959, platinum lost $19 to $1176, and copper fell slightly to about $2.88.
Gold and silver equities dropped throughout most of trade and ended with about 6% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Existing Home Sales | Nov | 4.93M | 5.20M | 5.25M |
Tomorrow brings Durable Goods Orders, GDP, the FHFA Housing Price Index, Michigan Sentiment, Personal Income and Spending, Core PCE Prices, and New Home Sales.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell another 3% after “Saudi Energy Minister Ali al-Naimi said the Persian Gulf nation will maintain its oil production and may even increase it if a new client emerges.”
The U.S. dollar rose as the yen fell on reduced haven demand.
Treasuries traded mixed after today’s $27 billion 2-year note auction sold at a yield of 0.703% with a bid to cover 3.21.
The Dow, Nasdaq, and S&P rose on optimism about the US economy.
Among the big names making news in the market today were Boeing, American Apparel, and Caesars.
GATA Posts:
Yuan-ruble swap shows China challenging IMF as emergency lender
$300,000 in gold missing from Ukraine Central Bank, swapped for lead bricks
UK to extend Libor manipulation laws to cover gold, oil, silver
USAWatchdog interviews GATA secretary about secret trading by central banks
The Statistics:
Activity from: 12/19/2014
Gold Warehouse Stocks: | 7,939,900.131 | +0.003 |
Silver Warehouse Stocks: | 175,321,703.786 | +458,995.79 |
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 | 724.552 | 23,295,087 | US$27,833m |
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$5,252m |
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$421m |
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 added 2.988 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 161.02: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,517.20: -26.81 change from yesterday’s data.
The Miners:
McEwen Mining’s (MUX) exercised stock options, Seabridge’s (SA) Environmental Assessment Decision Statement, Timberline’s (TLR) FEIS release, AuRico’s (AUQ) agreement with Crocodile Gold, and Exeter’s (XRA) water drilling program were among the big stories in the gold and silver mining industry making headlines today.
WINNER
1. Turquoise | TRQ +0.38% $2.87 |
LOSERS
1. Endeavour Silver | EXK -14.8% $1.96 |
2. Primero | PPP -14.1% $3.23 |
3. Pretivm | PVG -14.07% $5.07 |
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: Monday, 22 December 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Roughly 2%
