-- Published: Wednesday, 24 December 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1174.20 | -$0.40 |
Silver | $15.74 | +$0.04 |
XAU | 66.96 | +2.70% |
HUI | 157.36 | +2.93% |
GDM | 492.41 | +2.50% |
JSE Gold | 1064.55 | -17.07 |
USD | 89.96 | -0.15 |
Euro | 121.91 | +0.17 |
Yen | 83.02 | +0.17 |
Oil | $55.48 | -$1.64 |
10-Year | 2.264% | +0.007 |
Bond | 143.125 | +0.25 |
Dow | 18030.21 | +0.03% |
Nasdaq | 4773.47 | +0.17% |
S&P | 2081.88 | -0.01% |
The Metals:
Gold gained $6.43 to $1181.03 by a little after 4AM EST before it fell back to $1172.97 at about 9:45, but it then bounced back higher into the close and ended with a loss of just 0.03%. Silver edged up to $15.863 before it fell back to $15.682, but it still ended with a gain of 0.26%.
Euro gold fell to about €964, platinum lost $2 to $1187, and copper fell slightly to about $2.87.
Gold and silver equities rose in choppy trade and ended with almost 3% gains.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 12/20 | 280K | 290K | 289K |
The Fed is heading for another catastrophe MarketWatch
U.S. mortgage applications rose last week: MBA Reuters
Markets are closed tomorrow in observance of Christmas Day.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil remained lower after the Energy Information Administration reported that crude inventories rose 7.3 million barrels.
The U.S. dollar edged down on profit taking.
Treasuries traded mixed after today’s $29 billion 7-year note auction sold at a yield of 2.125% with a bid to cover of 2.39.
The Dow, Nasdaq, and S&P mostly edged higher in holiday thinned trade.
Among the big names making news in the market today were Walmart, Lone Star, Takata, and Smith & Nephew.
GATA Posts:
Assets in biggest gold bullion ETF tumble most since last year
Deutsche Bank open to offers for London gold vault, sources tell Reuters
Patrick Heller: Eagles aren't the best way to own silver
New York Sun: Kaboom?
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 | 712.900 | 22,920,435 | US$26,966m |
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$5,225m |
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 subtracted 11.652 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 161.35: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,335.49: -181.71 change from yesterday’s data.
The Miners:
Freeport’s (FCX) successful production test and Timmins Gold’s (TGD) completed acquisition were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Sandstorm | SAND +12.23% $3.19 |
2. Richmont | RIC +6.51% $2.97 |
3. Coeur | CDE +6.46% $5.11 |
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, 24 December 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Near Unchanged in Quiet Trade
