-- Published: Tuesday, 23 December 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1174.60 | +$1.80 |
Silver | $15.70 | +$0.05 |
XAU | 64.65 | -0.81% |
HUI | 153.51 | -1.18% |
GDM | 482.05 | -1.21% |
JSE Gold | 1081.62 | -31.66 |
USD | 90.11 | +0.36 |
Euro | 121.70 | -0.57 |
Yen | 82.83 | -0.47 |
Oil | $57.12 | +$1.86 |
10-Year | 2.257% | +0.095 |
Bond | 142.96875 | -1.625 |
Dow | 18024.17 | +0.36% |
Nasdaq | 4765.42 | -0.33% |
S&P | 2082.17 | +0.17% |
The Metals:
Gold climbed almost 1% to $1182.48 in Asia, but it then fell back off in London and New York and ended with a gain of just 0.15%. Silver spiked up to $15.889 at about 8:15 AM EST before it also fell back off, but it still ended with a gain of 0.32%.
Euro gold rose to about €965, platinum gained $13 to $1189, and copper remained at about $2.88.
Gold and silver equities rose about 3% by midday, but they then fell back off into the close and ended with about 1% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Durable Goods | Nov | -0.7% | 2.7% | 0.3% |
Durable Goods -ex trans. | Nov | -0.4% | 1.0% | -1.0 |
GDP | Q3 | 5.0% | 4.3% | 3.9% |
GDP Deflator | Q3 | 1.4% | 1.4% | 1.4% |
FHFA Housing Price Index | Oct | 0.6% | - | 0.0% |
Michigan Sentiment | Dec | 93.6 | 93.8 | 93.8 |
Personal Income | Nov | 0.4% | 0.5% | 0.3% |
Personal Spending | Nov | 0.6% | 0.5% | 0.3% |
PCE Prices – Core | Nov | 0.0% | 0.1% | 0.2% |
New Home Sales | Nov | 438K | 460K | 445K |
Tomorrow brings Initial Jobless Claims for 12/20 expected at 290,000.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose along with the U.S. dollar on better than expected economic data.
Treasuries extended lower after today’s 5-year note auction sold at yield of 1.739% with a bid to cover of 2.39.
The Dow and S&P rose on optimism about the economy while the Nasdaq dipped on profit taking.
Among the big names making news in the market today were Sony, Hertz, and Keurig.
GATA Posts:
Informal capital controls arrest Russian ruble's slide
Could Russia back its currency with gold?
Russia raises gold reserves for eighth month, Ukraine cuts again
Sprott Gold Miners ETF hits $100 million in assets
Ambrose Evans-Pritchard: China quietly joins Asia's currency wars to avert deflation
The Statistics:
Activity from: 12/22/2014
Gold Warehouse Stocks: | 7,961,279.881 | +21,379.75 |
Silver Warehouse Stocks: | 175,296,702.586 | -25,001.20 |
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$27,379m |
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$5,234m |
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: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 161.35: +0.33 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,517.20: No change from yesterday’s data.
The Miners:
Silver Bull’s (SVBL) year-end update and outlook and Alexco’s (AXU) updated National Instrument 43-101 compliant Preliminary Economic Assessment were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. AngloGold | AU +3.77% $8.15 |
2. Coeur | CDE +3.41% $4.80 |
3. Turquoise | TRQ +2.79% $2.91 |
LOSERS
1. DRDGOLD | DRD -12.35% $1.42 |
2. IAMGOLD | IAG -4.08% $2.35 |
3. New Gold | NGD -3.71% $4.02 |
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, 23 December 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Higher
