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Gold Seeker Closing Report: Gold and Silver Fall Roughly 1%
By: Chris Mullen, Gold-Seeker.com

 -- Published: Monday, 29 December 2014 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1183.80

-$11.50

Silver

$15.77

-$0.26

XAU

66.56

-2.53%

HUI

157.78

-2.74%

GDM

495.27

-1.70%

JSE Gold

1119.95

+55.40

USD

90.20

+0.17

Euro

121.50

-0.53

Yen

82.85

-0.26

Oil

$53.61

-$1.12

10-Year

2.207%

-0.043

Bond

143.84375

+0.46875

Dow

18,038.23

-0.09%

Nasdaq

4806.91

+0.00%

S&P

2090.57

+0.09%

 
 

 

The Metals:

 

Gold dropped down to $1178.90 by late morning in New York before it bounced back higher in late trade, but it still ended with a loss of 0.96%.  Silver slipped to as low as $15.724 and ended with a loss of 1.62%.

 

Euro gold fell to about €974, platinum lost $16 to $1197, and copper remained at about $2.83.

 

Gold and silver equities fell about 2% by late morning and remained near that level for the rest of the day.

 

The Economy:

 

There were no major economic reports today, and there are none due out tomorrow.

 

The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil fell to a new 5-year low on further indications of ample energy supplies around the world.

 

The U.S. dollar edged higher as the euro saw slight losses on worries about Greece.

 

Treasuries rose as the Dow, Nasdaq, and S&P waffled near unchanged in quiet trade.

 

Among the big names making news in the market today were AirAsia, Credit Suisse, and Sony.

 

GATA Posts:

 

 

Ted Butler: MorganChase's cornering of silver is the perfect crime

Ditching US dollar, China and Russia launch financial tools in local currencies

China's net gold imports from Hong Kong hit 9-month high in November

 

The Statistics:

Activity from: 12/26/2014

Gold Warehouse Stocks:

7,895,308.061

-64,492.92

Silver Warehouse Stocks:

176,472,013.981

-16,695.026

 

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

712.302

22,901,223

US$27,137m

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$424m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

38.40

1,234,459

US$1,506m

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 161.95.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,268.46.

 

The Miners:

 

Northern Dynasty’s (NAK) completed financing was the only big story in the gold and silver mining industry making headlines today.

 

WINNERS

1.  MAG Silver

MVG +1.32% $6.91

2.  DRDGOLD

DRD +0.65% $1.53

3.  Gold Resource

GORO +0.31% $3.19

 

LOSERS

1.  SilverCrest

SVLC -7.09% $1.18

2.  Alamos

AGI -6.39% $6.74

3.  Endeavour Silver

EXK -5.99% $2.04

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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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2014

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

 

 

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions.  The author of this report is not a registered financial advisor.  Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate.  The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.  Past results are not necessarily indicative of future results.  Any statements non-factual in nature constitute only current opinions, which are subject to change.  Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein.  Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.

 


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 -- Published: Monday, 29 December 2014 | E-Mail  | Print  | Source: GoldSeek.com

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