LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page >> News >> Story  Disclaimer 
Latest Headlines to Launch New Website

Is Gold Price Action Warning Of Imminent Monetary Collapse Part 2?
By: Hubert Moolman

Gold and Silver Are Just Getting Started
By: Frank Holmes, US Funds

Silver Makes High Wave Candle at Target – Here’s What to Expect…
By: Clive Maund

Gold Blows Through Upside Resistance - The Chase Is On
By: Avi Gilburt

U.S. Mint To Reduce Gold & Silver Eagle Production Over The Next 12-18 Months
By: Steve St. Angelo, SRSrocco Report

Gold's sharp rise throws Financial Times into an erroneous sulk
By: Chris Powell, GATA

Precious Metals Update Video: Gold's unusual strength
By: Ira Epstein

Asian Metals Market Update: July-29-2020
By: Chintan Karnani, Insignia Consultants

Gold's rise is a 'mystery' because journalism always fails to pursue it
By: Chris Powell, GATA


GoldSeek Web

Gold Seeker Closing Report: Gold and Silver End Mixed While Dollar Drops
By: Chris Mullen,

 -- Published: Tuesday, 3 February 2015 | Print  | Disqus 



















JSE Gold
































The Metals:


Gold climbed $10.43 to $1285.03 at about 4AM EST before it fell back to $1257.04 by late morning in New York and then bounced back higher in early afternoon trade, but it then edged back lower again into the close and ended with a loss of 1.05%.  Silver rose $0.536 to $17.736 in Asia before it fell back to $17.106, but it then bounced back higher in afternoon trade and ended with a gain of 0.47%.


Euro gold fell to about €1098, platinum gained $7 to $1231, and copper climbed 9 cents to about $2.59.


Gold and silver equities fell over 2% by midmorning before they climbed back to unchanged in early afternoon trade, but they then fell back off again into the close and ended near their lows of the day.


The Economy:







Factory Orders






Tomorrow brings ADP Employment and ISM Services.


The Markets:


Charts Courtesy of


Oil rose another 7% and the U.S. dollar dropped markedly as the euro climbed higher on easing concerns surrounding Greece's debt load.


Treasuries fell as the Dow, Nasdaq, and S&P gained over 1% on relief over Europe and the oil market.


Among the big names making news in the market today were JPMorgan, Dunkin’ Donuts, UPS, and S&P.


The Commentary:


U.S. Stock Market – Big up and down swings may be the new norm, but it also suggests that the long-term uptrend is coming to an end. 2015 screams caution on several fronts, including U.S. general equities.


U.S. Bonds – While I wouldn’t touch high-yield corporates (junk bonds) with a 10-foot pole, it’s getting to the point where the 10yr. and 30yr. Treasuries are becoming too irresistible not to short.


U.S. Dollar – While hoping the Euro would get to parity, the U.S. Dollar is severely overbought. I don’t trade foreign currencies but if I did, I would be looking to go short the dollar on several fronts, including against the Canadian dollar.


Gold – It did run into resistance at $1,300. The Daily chart shows it was overbought at that point and now going through the customary test of former resistance (seen here on the 200-Day M.A.). Providing that retest is successful and we get above $1,300, the next real area of long-term resistance can be seen on the weekly at $1,400. I do think $1,400 is a question of when not if, but I too thought Seattle was going to run and win the Super Bowl on their last play so seeing shall be believing on $1,400 gold.


Oil and Base Metals – Gold was the first to break, then oil and base metals. If the U.S. Dollar has indeed run its course, oil and base metals are likely to be in the earliest stage of base-building. As each day passes and a new low is not achieved, one can get closer to waving the “all-clear” flag. But past history says lets hold on to it for a little while longer.” - Peter Grandich,


GATA Posts:



Campaign to audit Federal Reserve gathers pace


The Statistics:

Activity from: 2/2/2015

Gold Warehouse Stocks:



Silver Warehouse Stocks:




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




London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities




London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold




Australian Stock Exchange (ASX)

Gold Bullion Securities




Johannesburg Securities Exchange (JSE)

New Gold Debentures




Note: Change in Total Tonnes from yesterday’s data: SPDR added 8.363 tonnes.


COMEX Gold Trust (IAU) Total Tonnes in Trust: 167.54: No change from yesterday’s data.


Silver Trust (SLV) Total Tonnes in Trust: 9,967.53: +35.73 change from yesterday’s data.


The Miners:


Yamana’s (AUY) closed financing, Solitario’s (XPL) optioned project, Nevsun’s (NSU) updated mineral resource estimate, Randgold’s (GOLD) Tongon gold mine, and Timmins Gold’s (TGD) re-finance were among the big stories in the gold and silver mining industry making headlines today.



1.  Freeport

FCX +8.60% $18.98

2.  Turquoise

TRQ +6.25% $3.23

3.  SilverCrest

SVLC +3.73% $1.39



1.  Primero

PPP -8.06% $3.65

2.  Rio Alto

RIOM -7.42% $2.62

3.  AuRico

AUQ -6.57% $3.70

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 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. 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’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: Tuesday, 3 February 2015 | E-Mail  | Print  | Source:

comments powered by Disqus


Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to >> Story

E-mail Page  | Print  | Disclaimer 

© 1995 - 2019 Supports

©, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


The views contained here may not represent the views of, Gold Seek LLC, its affiliates or advertisers., Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of, Gold Seek LLC, is strictly prohibited. In no event shall, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.