-- Published: Thursday, 8 January 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1207.30 | -$5.00 |
Silver | $16.31 | -$0.23 |
XAU | 72.93 | -1.73% |
HUI | 181.22 | -2.03% |
GDM | 559.01 | -1.70% |
JSE Gold | 1321.84 | +28.69 |
USD | 92.33 | +0.32 |
Euro | 117.94 | -0.45 |
Yen | 83.58 | -0.30 |
Oil | $48.79 | +$0.14 |
10-Year | 2.016% | +0.062 |
Bond | 146.9375 | -1.25 |
Dow | 17907.87 | +1.84% |
Nasdaq | 4736.18 | +1.84% |
S&P | 2062.14 | +1.79% |
The Metals:
Gold dropped $7.11 to $1205.19 at about 6:30AM EST before it bounced back to $1216.29 in the next three and a half hours of trade, but it then fell back off in afternoon trade and ended with a loss of 0.41%. Silver slipped to as low as $16.307 and ended with a loss of 1.39%.
Euro gold remained at about €1024, platinum lost $2 to $1214, and copper remained at about $2.78.
Gold and silver equities saw slight gains for most of the morning, but they then fell back off into the close and ended with about 2% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 1/03 | 294K | 290K | 298K |
Consumer Credit | Dec | $14.1B | $15.0B | $16.0B |
U.S. Mortgage Rates Fall With 30-Year at a 19-Month Low Bloomberg
Tomorrow brings December’s jobs data and Wholesale Inventories.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil edged higher as the market tried to steady from recent losses.
The U.S. dollar rose as the euro fell again on further expectation for more stimulus measures from the ECB.
Treasuries fell as the Dow, Nasdaq, and S&P jumped almost 2% higher on the outlook for continued easy monetary policy around the world.
Among the big names making news in the market today were GM, J.C. Penney, Herbalife, Coca-Cola, Biogen, Google, Family Dollar, and Barnes & Noble.
GATA Posts:
India not planning further curbs on gold imports, trade secretary says
How the Bank of England abandoned the gold standard: The metal simply ran out
The Statistics:
Activity from: 1/7/2015
Gold Warehouse Stocks: | 7,948,562.831 | -64.3 |
Silver Warehouse Stocks: | 174,322,304.675 | -1,206,599.487 |
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 | 704.833 | 22,661,089 | US$27,529m |
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$5,387m |
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$433m |
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 2.988 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 162.29: +2.39 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,216.18: No change from yesterday’s data.
The Miners:
Claude’s (CGR) 2014 production results and 2015 guidance, Centamin’s (CEE.TO) preliminary production results and 2015 guidance, and Tahoe’s (TAHO) dividend were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Almaden | AAU +11.0% $1.10 |
2. Avino | ASM +5.11% $1.44 |
3. Allied Nevada | ANV +4.05% $1.03 |
LOSERS
1. New Gold | NGD -5.61% $4.54 |
2. IAMGOLD | IAG -4.79% $2.98 |
3. First Majestic | AG -4.52% $5.91 |
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: Thursday, 8 January 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall While Stocks Extend Higher
