-- Published: Wednesday, 21 January 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1293.50 | +$0.80 |
Silver | $18.15 | +$0.22 |
XAU | 81.20 | -1.05% |
HUI | 205.89 | -0.92% |
GDM | 626.04 | -0.99% |
JSE Gold | 1520.59 | -13.10 |
USD | 92.86 | -0.13 |
Euro | 116.04 | +0.50 |
Yen | 84.91 | +0.73 |
Oil | $47.78 | +$1.39 |
10-Year | 1.853% | +0.046 |
Bond | 149.03125 | -0.8125 |
Dow | 17554.28 | +0.22% |
Nasdaq | 4667.42 | +0.27% |
S&P | 2032.12 | +0.47% |
The Metals:
Gold climbed $11.29 to $1303.99 by a little after 8AM EST before it fell back to $1284.83 in the next few hours of trade, but it then rallied back higher into the close and ended with a gain of 0.06%. Silver rose to as high as $18.427 and ended with a gain of 1.23%.
Euro gold fell to about €1116, platinum lost $9 to $1270, and copper climbed a penny to about $2.60.
Gold and silver equities fell as much as 3% in the first hour of trade, but they then bounced back higher for most of the rest the day and ended with only about 1% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Housing Starts | Dec | 1089K | 1040K | 1043K |
Building Permits | Dec | 1032K | 1060K | 1052K |
U.S. mortgage applications rise in latest week: MBA Reuters
Tomorrow brings Initial Jobless Claims and the FHFA Housing Price Index.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose on hopes for improvement in Europe that sent the euro higher and the U.S. dollar lower.
ECB Executive Board proposes 50 billion euros in monthly bond buys: source Reuters
Treasuries fell as the Dow, Nasdaq, and S&P traded mostly higher on hopes for more stimulus from the ECB tomorrow.
Among the big names making news in the market today were Berkadia, GFI, BHP, Netflix, and IBM.
GATA Posts:
Low inflation worries prompt retreat from rate rise by Bank of England
Is the dollar next? Investors reassess after Swiss shock
Short fraudster central banks by buying gold, Faber tells CNBC
GoldSeek Radio interviews GATA secretary on the long history of gold price suppression
Central bank prophet fears QE warfare pushing world financial system out of control
The Statistics:
Activity from: 1/20/2015
Gold Warehouse Stocks: | 7,948,434.221 | -96.46 |
Silver Warehouse Stocks: | 175,636,044.074 | +568,980.47 |
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 | 742.243 | 23,863,853 | US$30,857m |
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$5,733m |
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$464m |
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 11.351 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 165.42: +1.80 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,108.97: No change from yesterday’s data.
The Miners:
Allied Nevada’s (ANV) full year preliminary production and sales for 2014, Comstock’s (LODE) at-grade crossing, SEMAFO’s (SMF.TO) 2014 operational results, AuRico’s (AUQ) initial National Instrument 43-101 compliant indicated resource, B2Gold’s (BTG) fourth quarter and full-year 2014 gold production, Barrick’s (ABX) Pascua-Lama project, Eldorado’s (EGO) 2014 operating results and preliminary cash costs, Agnico Eagle’s (AEM) sale of its Probe shares and warrants to Goldcorp (GG), Hecla’s (HL) increased resources, and Fortuna’s (FSM) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Newmont | NEM +3.18% $24.32 |
2. Harmony | HMY +2.93 $3.12 |
3. Hecla | HL +2.76% $3.35 |
LOSERS
1. Eldorado | EGO-20.05% $6.21 |
2. Comstock | LODE -20.0% $1.06 |
3. Primero | PPP -7.01% $4.51 |
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, 21 January 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain With Stocks and Oil
