-- Published: Wednesday, 28 January 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1284.90 | -$9.80 |
Silver | $17.99 | -$0.10 |
XAU | 78.51 | -4.25% |
HUI | 202.30 | -3.60% |
GDM | 621.13 | -3.43% |
JSE Gold | 1507.70 | +21.79 |
USD | 94.61 | +0.59 |
Euro | 112.89 | -0.90 |
Yen | 85.16 | +0.31 |
Oil | $44.45 | -$1.78 |
10-Year | 1.724% | -0.101 |
Bond | 151.25 | +1.71875 |
Dow | 17191.37 | -1.13% |
Nasdaq | 4637.99 | -0.93% |
S&P | 2002.16 | -1.35% |
The Metals:
Gold dipped $8.60 to $1286.10 in late Asian trade before it bounced back to $1292.82 in London and then dropped to a new session low of $1280.35 about 20 minutes after the release of today’s fed statement, but it then chopped back higher into the close and ended with a loss of just 0.76%. Silver slipped to $17.931 in Asia, but it then rose to as high as $18.14 in New York and ended with a loss of just 0.55%.
Euro gold remained at about €1138, platinum lost $8 to $1252, and copper remained at about $2.46.
Gold and silver equities saw about 1% losses for most of the morning, but they then fell back off into the close and ended with about 4% losses.
The Economy:
Text of the FOMC statement on interest rates MarketWatch
Fed keeps patient approach to hiking rates despite global turmoil Reuters
Fed Stays Patient on Rates Amid Strong Job Gains, Low Inflation Bloomberg
U.S. mortgage applications slip in latest week: MBA Reuters
Tomorrow brings Initial Jobless Claims and Pending Home Sales.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell almost 4% after the Energy Information Administration reported that crude inventories rose 8.9 million barrels, gasoline inventories fell 2.6 million barrels, and distillates fell 3.9 million barrels.
The U.S. dollar and treasuries curiously both extended higher after the fed announced they will remain patient with regards to raising interest rates.
The Dow, Nasdaq, and S&P turned ultimately turned markedly lower after today’s fed statement.
Among the big names making news in the market today were Shell, Boeing, FXCM, Fiat Chrysler, CommScope, Yahoo, Hess, General Dynamics, and Apple
GATA Posts:
Singapore becomes ninth country to weaken currency this month
German regulator sees only scattered, individual efforts to manipulate gold price
JPMorgan said to reap up to $300 million amid Swiss turmoil
TF Metals Report: Inherent unfairness in the gold futures market
The Statistics:
Activity from: 1/27/2015
Gold Warehouse Stocks: | 7,968,009.301 | - |
Silver Warehouse Stocks: | 177,654,064.774 | - |
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 | 752.697 | 24,199,961 | US$31,157m |
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$5,710m |
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$462m |
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 9.259 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 167.54: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,931.80: No change from yesterday’s data.
The Miners:
Almaden’s (AAU) award and Fresnillo’s (FRES.LN) fourth quarter silver production were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Almaden | AAU +0.83% $1.21 |
2. Avino | ASM +0.64% $1.57 |
LOSERS
1. Allied Nevada | ANV -9.92% $1.09 |
2. Silver Standard | SSRI -9.16% $6.25 |
3. Primero | PPP -9.07% $4.01 |
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, 28 January 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall With Stocks and Oil
