-- Published: Wednesday, 7 January 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1212.30 | -$6.60 |
Silver | $16.54 | +$0.01 |
XAU | 74.94 | -1.61% |
HUI | 184.15 | -1.43% |
GDM | 568.37 | -1.44% |
JSE Gold | 1293.15 | +20.89 |
USD | 92.01 | +0.45 |
Euro | 118.36 | -0.28 |
Yen | 83.98 | -0.43 |
Oil | $48.65 | +$0.72 |
10-Year | 1.954% | -0.007 |
Bond | 148.03125 | -0.125 |
Dow | 17584.52 | +1.23% |
Nasdaq | 4650.46 | +1.26% |
S&P | 2025.90 | +1.16% |
The Metals:
Gold dropped $9.77 to $1209.13 by a little after 8AM EST, but it then bounced back higher after the release of today’s fed minutes and ended with a loss of just 0.54%. Silver rose to as high as $16.645 and ended with a gain of 0.06%.
Euro gold remained at about €1024, platinum lost $2 to $1216, and copper remained at about $2.78.
Gold and silver equities fell as much as 3% at the open before they rose to see slight gains by late morning, but they then edged back lower at times and ended with about 1.5% losses.
The Economy:
Report | For | Reading | Expected | Previous |
ADP Employment | Dec | 241K | 230K | 227K |
Trade Balance | Nov | -$39.0B | -$41.8B | -$42.2B |
Fed Minutes Show Rate Rise Unlikely Before April Bloomberg
U.S. mortgage applications rise in latest week: MBA Reuters
Tomorrow brings Initial Jobless Claims and Consumer Credit.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil bounced back from recent notable losses.
The U.S. dollar rose as the euro fell after it was reported that Eurozone consumer prices fell by a worse than expected 0.2%.
Treasuries traded mixed as the Dow, Nasdaq, and S&P rose over 1% on decent economic data.
Among the big names making news in the market today were Lenovo, Monsanto, and Lilly.
The Statistics:
Activity from: 1/6/2015
Gold Warehouse Stocks: | 7,948,627.131 | +16,539.47 |
Silver Warehouse Stocks: | 175,528,904.162 | +1,169,415.595 |
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 | 707.821 | 22,757,139 | US$27,527m |
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$5,399m |
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$436m |
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 2.987 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 159.90: -1.25 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,216.18: -29.78 change from yesterday’s data.
The Miners:
Lake Shore’s (LSG) 2014 gold production and Rubicon’s (RBY) drilling were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Tahoe Resources | TAHO +2.74% $14.95 |
2. Freeport | FCX +1.46% $22.86 |
3. Gold Fields | GFI +0.85% $5.31 |
LOSERS
1. Gold Resource | GORO-7.53% $3.44 |
2. McEwen | MUX -7.09% $1.18 |
3. Sandstorm | SAND -5.24% $3.80 |
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, 7 January 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Mixed As Stocks Rebound
