-- Published: Thursday, 29 January 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1257.60 | -$27.30 |
Silver | $16.95 | -$1.04 |
XAU | 76.32 | -1.67% |
HUI | 195.18 | -1.48% |
GDM | 598.46 | -1.85% |
JSE Gold | 1478.23 | -29.47 |
USD | 94.69 | +0.08 |
Euro | 113.24 | +0.41 |
Yen | 84.54 | -0.51 |
Oil | $44.53 | +$0.08 |
10-Year | 1.751% | +0.027 |
Bond | 150.09375 | -1.09375 |
Dow | 17416.85 | +1.31% |
Nasdaq | 4683.40 | +0.98% |
S&P | 2021.25 | +0.95% |
The Metals:
Gold dropped $32.79 to $1252.11 by early afternoon in New York before it bounced back higher into the close, but it still ended with a loss of 2.13%. Silver slipped to as low as $16.739 and ended with a loss of 5.78%.
Euro gold fell to about €1111, platinum lost $35 to $1217, and copper fell slightly to about $2.45.
Gold and silver equities fell over 3% by late morning before they rallied back higher in the last couple of hours of trade, but they still ended with almost 2% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 1/24 | 265K | 301K | 308K |
Pending Home Sales | Dec | -3.7% | 0.6% | 0.6% |
Tomorrow brings GDP, the Employment Cost Index, Chicago PMI, and Michigan Sentiment.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil reversed early losses and ended with a small gain as the market rebounded from yesterday’s near 4% loss.
The U.S. dollar ended slightly higher in mixed trade.
Treasuries fell as the Dow, Nasdaq, and S&P rose to find decent gains in afternoon trade on hopes that the oil market is stabilizing.
Among the big names making news in the market today were Conoco, Alibaba, Time Warner Cable, Dow Chemical, Ford, McDonald’s, Blackstone, and Coach.
GATA Posts:
At the New York Fed, gold can leave discreetly by the back door
Banks rigging markets are like 'careless fighter pilots'
Sen. Rand Paul re-introduces 'audit the Fed' bill
Central banks irrelevant? Doug Casey says yes but his chief economist disagrees
NY Fed's auxiliary gold vault may be JPM's and a device of foreign policy
The Statistics:
Activity from: 1/28/2015
Gold Warehouse Stocks: | 7,968,009.301 | - |
Silver Warehouse Stocks: | 177,618,037.174 | -36,027.60 |
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$30,691m |
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$5,584m |
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$451m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 38.40 | 1,234,459 | US$1,506m |
Note: No change in Total Tonnes from yesterday’s data.
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:
Comstock’s (LODE) year end results, Claude’s (CGR) Board addition, Santacruz Silver’s (SCZ.V) year end results, and Endeavour Silver’s (EXK) updated NI 43-101 silver and gold reserve and resource estimates were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Gold Fields | GFI +0.53% $5.67 |
2. B2Gold | BTG +0.52% $1.94 |
3. AngloGold | AU +0.35% $11.44 |
LOSERS
1. Alamos | AGI -7.19% $5.16 |
2. DRDGOLD | DRD -6.41% $2.19 |
3. Endeavour Silver | EXK -6.07% $2.63 |
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
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
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.
| Digg This Article
-- Published: Thursday, 29 January 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Roughly 2% and 6%
