-- Published: Friday, 30 January 2015 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1284.30 | +$26.70 | -0.73% |
Silver | $17.26 | +$0.31 | -5.68% |
XAU | 79.53 | +2.93% | +1.82% |
HUI | 201.82 | +3.12% | +3.21% |
GDM | 616.48 | +2.63% | +2.14% |
JSE Gold | 1513.34 | +35.11 | +4.07% |
USD | 94.77 | +0.08 | -0.21% |
Euro | 112.89 | -0.32 | +0.62% |
Yen | 85.12 | +0.57 | +0.27% |
Oil | $48.24 | +$3.71 | +5.81% |
10-Year | 1.675% | -0.076 | -7.82% |
Bond | 151.625 | +1.21875 | +1.00% |
Dow | 17164.95 | -1.45% | -2.87% |
Nasdaq | 4635.24 | -1.03% | -2.58% |
S&P | 1994.99 | -1.30% | -2.77% |
The Metals:
Gold saw slight gains in Asia and London before it spiked back down to $1256.30 just before the release of this morning’s GDP data, but it then rallied back higher for most of the rest of trade and ended near its last minute high of $1284.53 with a gain of 2.12%. Silver slipped back to $16.814 before it also rallied back higher and ended near its late morning high of $17.313 with a gain of 1.83%.
Euro gold rose to about €1137, platinum gained $18 to $1235, and copper climbed 5 cents to about $2.50.
Gold and silver equities rose over 2% by late morning and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
GDP | Q4 | 2.6% | 3.2% | 5.0% |
Chain Deflator | Q4 | 0.0% | 1.0% | 1.4% |
Employment Cost Index | Q4 | 0.6% | 0.5% | 0.7% |
Chicago PMI | Jan | 59.4 | 58.0 | 58.8 |
Michigan Sentiment | Jan | 98.1 | 98.2 | 98.2 |
All of this week’s other economic reports:
Next week’s economic highlights include Personal Income and Spending, Core PCE Prices, the ISM Index, and Construction Spending on Monday, Factory Orders on Tuesday, ADP Employment and ISM Services on Wednesday, Initial Jobless Claims, the Trade Balance, Productivity, and Unit Labor Costs on Thursday, and January’s jobs data and Consumer Credit on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil jumped over 8% higher on worries about renewed violence in Iraq and news that “the number of rigs drilling for oil in the United States fell by 94 - or 7 percent - this week.”
The U.S. dollar index ended slightly higher as the euro fell on worries about Greece.
Treasuries found decent gains on worse than expected economic data that sent the Dow, Nasdaq, and S&P over 1% lower.
Among the big names making news in the market Friday were Chevron, Shake Shack, Visa, and MasterCard.
GATA Posts:
New Greek government opposes Canadian company's gold mine
Russia increases gold purchases by 123%
Russia buys record amounts of gold
The Statistics:
Activity from: 1/29/2015
Gold Warehouse Stocks: | 7,967,816.401 | -192.90 |
Silver Warehouse Stocks: | 178,118,430.734 | +500,393.56 |
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 | 758.372 | 24,382,415 | US$30,714m |
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$5,673m |
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$460m |
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 5.675 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:
Goldcorp’s (GG) agreement with Wabauskang First Nation, New Gold’s (NGD) environmental approvals, and Vista Gold’s (VGZ) amended payment terms were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Timmins | TGD +10.0% $1.10 |
2. Avino | ASM +8.11% $1.59 |
3. NovaGold | NG +7.98% $3.73 |
LOSERS
1. Eldorado | EGO-14.36% $4.78 |
2. Allied Nevada | ANV -2.83% $1.03 |
3. SilverCrest | SVLC -0.75% $1.33 |
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: Friday, 30 January 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Almost 1% and 6% on the Week But Miners Gain
