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

 -- Published: Monday, 12 January 2015 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1233.80

+$13.30

Silver

$16.57

+$0.11

XAU

79.03

+3.75%

HUI

194.56

+4.31%

GDM

595.75

+3.91%

JSE Gold

1420.05

+95.45

USD

92.00

+0.08

Euro

118.35

-0.08

Yen

84.49

+0.13

Oil

$46.07

-$2.29

10-Year

1.912%

-0.059

Bond

148.34375

+0.8125

Dow

17640.84

-0.54%

Nasdaq

4664.70

-0.84%

S&P

2028.26

-0.81%

 
 

 

The Metals:

 

Gold rose almost 1% to $1230.45 in Asia before it fell back to about unchanged in London, but it then climbed to a new session high of $1235.86 in New York and ended with a gain of 1.09%.  Silver rose to as high as $16.662 in early Asian trade before it also chopped back lower in London, but it still ended with a gain of 0.67%.

 

Euro gold rose to about €1042, platinum gained $11 to $1239, and copper fell a few cents to about $2.73.

 

Gold and silver equities rose about 4% by early afternoon and remained near the level for the rest of the day.

 

The Economy:

 

There were no major economic reports today.  Tomorrow brings the Treasury Budget.

 

The Markets:

 

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

 

Oil fell almost 5% more after Goldman Sachs cut its crude outlook.

 

The U.S. dollar saw slight gains as the euro remained weak amid speculation of more stimulus measures by the ECB.

 

Treasuries rose as the Dow, Nasdaq, and S&P dropped as much as 1% on uncertainty about upcoming earnings reports.

 

Among the big names making news in the market today were Dollar Tree, GM, Shire and NPS, Amerisource and MWI, and Lululemon.

 

GATA Posts:

 

 

Bron Suchecki: Why Asian gold exchanges haven't cracked the London market

Saxo Bank economist admits central banks trade gold but sees no manipulation

Koos Jansen: We can't pretend forever gold is worth $42.22 per ounce

Money Metals interview covers gold and commodity price rigging and journalism's failure

ECB weighs 500 billion euros in bond purchases to juice economy

Koos Jansen: Chinese lunar new year gold buying frenzy begins

 

The Statistics:

Activity from: 1/9/2015

Gold Warehouse Stocks:

7,948,562.831

-

Silver Warehouse Stocks:

174,183,794.174

+592,243.82

 

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

22,757,138

US$27,895m

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$5,447m

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$443m

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 added 2.988 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 162.29: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,201.29: -59.56 change from yesterday’s data.

 

The Miners:

 

Buenaventura’s (BVN) preliminary 4Q14 and 2014 operating results, Nevsun’s (NSU) 2014 production results, Rio Alto’s (RIOM) 2014 production results, Golden Star’s (GSS) 2014 production results, Gold Resource’s (GORO) drill results, Avino’s (ASM) 2014 production results, and Endeavour Silver’s (EXK) 2014 production results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Allied Nevada

ANV +13.33% $1.19

2.  Harmony

HMY +10.85% $2.86

3.  Endeavour Silver

EXK +9.17% $2.62

 

LOSERS

1.  Nevsun

NSU -3.14% $3.83

2.  Freeport

FCX -1.63% $23.07

3.  Tahoe

TAHO-1.05% $14.64

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 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.

 


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 -- Published: Monday, 12 January 2015 | E-Mail  | Print  | Source: GoldSeek.com

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