-- Published: Friday, 2 January 2015 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1187.50 | +$4.90 | -0.65% |
Silver | $15.79 | +$0.10 | -1.50% |
XAU | 70.27 | +2.50% | +2.72% |
HUI | 167.81 | +2.31% | +3.08% |
GDM | 524.31 | +2.32% | +3.72% |
JSE Gold | 1124.73 | -20.19 | +5.65% |
USD | 91.12 | +0.85 | +1.21% |
Euro | 120.05 | -0.92 | -1.62% |
Yen | 83.01 | -0.54 | -0.12% |
Oil | $52.69 | -$0.58 | -3.73% |
10-Year | 2.123% | -0.047 | -5.64% |
Bond | 145.50 | +0.9375 | +1.48% |
Dow | 17832.99 | +0.06% | -1.22% |
Nasdaq | 4726.81 | -0.20% | -1.64% |
S&P | 2058.20 | -0.03% | -1.46% |
The Metals:
Gold edged up to $1188.16 in early Asian trade before it fell back to $1168.43 at about 8:20AM EST, but it then jumped to a new session high of $1194.71 by late morning in New York and ended with a gain of 0.41%. Silver rose to as high as $16.06 and ended with a gain of 0.64%.
Euro gold rose to about €989, platinum lost $7 to $1197, and copper remained at about $2.83.
Gold and silver equities fell over 2% at the open, but they then rallied back higher into midday and into the close and ended with over 2% gains.
The Economy:
Report | For | Reading | Expected | Previous |
ISM Index | Dec | 55.5 | 57.5 | 58.7 |
Construction Spending | Nov | -0.3% | 0.1% | 1.2% |
Next week’s economic highlights include Factory Orders and ISM Services on Tuesday, ADP Employment, the Trade Balance, and FOMC Minutes on Wednesday, Initial Jobless Claims and Consumer Credit on Thursday, and December’s jobs data and Wholesale Inventories on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell on weak economic data and “growing supply from Russia and Iraq.”
The U.S. dollar index rose as the euro fell to a new four-year low “after European Central Bank President Mario Draghi hinted that the bank is moving closer to launching a full-scale quantitative easing program.”
Treasuries found decent gains as the Dow, Nasdaq, and S&P traded mostly lower on worries about poor economic data.
Among the big names making news in the market Friday were Pimco, Linn Energy, and RBS.
GATA Posts:
Koos Jansen: More silver traded in Shanghai than on Comex in 2014
Fed audit legislation likely to get full vote in Congress this year
Turkish gold imports surge to record in November
The Statistics:
Activity from: 12/31/2014
Gold Warehouse Stocks: | 7,895,115.161 | -32.15 |
Silver Warehouse Stocks: | 175,526,068.737 | -9,667.00 |
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 | 709.016 | 22,795,559 | US$26,703m |
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$5,292m |
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$426m |
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 1.792 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 161.18: -0.55 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,250.59: No change from yesterday’s data.
The Miners:
Yamana’s (AUY) assessment response was the only big story in the gold and silver mining industry making headlines Friday.
WINNERS
1. Sandstorm | SAND +10.0% $3.74 |
2. B2Gold | BTG +6.79% $1.73 |
3. Agnico-Eagle | AEM +6.15% $27.00 |
LOSERS
1. McEwen | MUX -0.90% $1.10 |
2. Buenaventura | BVN -0.55% $9.67 |
3. AngloGold | AU -0.50% $8.78 |
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, 2 January 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver End Slightly Lower on the Week But Miners Gain
