-- Published: Monday, 5 January 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1205.50 | +$18.00 |
Silver | $16.20 | +$0.41 |
XAU | 70.96 | 1.84% |
HUI | 171.75 | +2.61% |
GDM | 538.34 | +2.71% |
JSE Gold | 1178.24 | +53.51 |
USD | 91.38 | +0.26 |
Euro | 119.36 | -0.66 |
Yen | 83.60 | +0.60 |
Oil | $50.04 | -$2.65 |
10-Year | 2.039% | -0.084 |
Bond | 147.00 | +1.50 |
Dow | 17501.65 | -1.86% |
Nasdaq | 4652.57 | -1.57% |
S&P | 2020.58 | -1.83% |
The Metals:
Gold gained $10.24 to $1197.74 in Asia before it fell back to $1186.90 in London, but it then climbed to a new session high of $1207.45 in New York and ended with a gain of 1.52%. Silver surged to as high as $16.239 and ended with a gain of 2.6%.
Euro gold rose to about €1010, platinum gained $12 to $1209, and copper fell 5 cents to about $2.78.
Gold and silver equities remained near unchanged for most of the morning, but they then climbed higher in afternoon trade and ended with about 2% gains.
The Economy:
Fed's Williams: interest rate hike discussion on track for mid-2015 Reuters
U.S. 30-Year Bond Yield Lowest Since 2012 as Inflation Slows Bloomberg
Tomorrow brings Factory Orders and ISM Services.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil dropped another 5% to a new four and a half year low on the continued outlook for ample supplies in the face of tepid demand.
The U.S. dollar rose as the euro fell to a new nine year low on worries about Greece and weak monetary policy from the ECB.
Treasuries saw notable gains as the Dow, Nasdaq, and S&P declined nearly 2% on concerns about Europe and the global oil market.
Among the big names making news in the market today were Berkshire Hathaway, Wainscott Capital, Fiat Chrysler, Nissan, Honda, and Morgan Stanley.
GATA Posts:
Bron Suchecki: India is getting serious about anti-gold policy
Morgan settles FX price-rigging suit; terms yet to be disclosed
Gold researcher Dimitri Speck interviewed by Lars Schall about price suppression
Sprott's John Embry interviewed on gold by GoldSeek Radio
GoldCore: 2014 was when 'conspiracy theory' became 'conspiracy fact'
GATA reception follows Vancouver Resource Investment Conference
The Statistics:
Activity from: 1/2/2015
Gold Warehouse Stocks: | 7,895,115.161 | - |
Silver Warehouse Stocks: | 175,538,920.697 | +12,851.96 |
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$27,340m |
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$5,311m |
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$432m |
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: 161.18: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,250.59: No change from yesterday’s data.
The Miners:
Goldcorp’s (GG) dividend, Banro’s (BAA) production update, Silver Wheaton’s (SLW) stream agreement updates, and Santacruz Silver’s (SCZ.V) pipeline malfunction were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Timmins | TGD +10.31% $1.07 |
2. Harmony | HMY +8.76% $2.11 |
3. McEwen | MUX +8.18% $1.19 |
LOSERS
1. Freeport | FCX -5.65% $22.15 |
2. Nevsun | NSU -3.06% $3.80 |
3. Turquoise | TRQ -2.45% $3.19 |
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
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
Additional Resources for today’s Gold Seeker Report can be found:
© Gold Seeker 2015
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.
| Digg This Article
-- Published: Monday, 5 January 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Over 1% and 2%
