-- Published: Wednesday, 4 February 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1265.30 | +$4.10 |
Silver | $17.36 | +$0.08 |
XAU | 80.49 | +1.42% |
HUI | 202.65 | +1.34% |
GDM | 621.05 | +1.49% |
JSE Gold | 1565.67 | -15.60 |
USD | 94.13 | +0.52 |
Euro | 113.87 | -0.92 |
Yen | 85.31 | +0.25 |
Oil | $48.45 | -$4.60 |
10-Year | 1.797% | +0.017 |
Bond | 149.875 | +0.59375 |
Dow | 17673.02 | +0.04% |
Nasdaq | 4716.70 | -0.23% |
S&P | 2041.51 | -0.42% |
The Metals:
Gold climbed $10.83 to $1272.03 by a little after 10AM EST before dropped back to almost unchanged in the next half hour of trade, but it then rallied back higher in afternoon trade and ended with a gain of 0.33%. Silver rose to as high as $17.652 and ended with a gain of 0.46%.
Euro gold rose to about €1110, platinum gained $6 to $1237, and copper remained at about $2.59.
Gold and silver equities climbed higher in afternoon trade and ended with almost 1.5% gains.
The Economy:
Report | For | Reading | Expected | Previous |
ADP Employment | Jan | 213K | 230K | 253K |
ISM Services | Jan | 56.7 | 56.5 | 56.5 |
U.S. mortgage applications rise in latest week - MBA Reuters
Tomorrow brings Initial Jobless Claims, the Trade Balance, Productivity, and Unit Labor Costs.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell almost 9% after the Energy Information Administration reported that crude inventories rose 6.3 million barrels, gasoline inventories rose 2.3 million barrels, and distillates rose 1.8 million barrels.
The U.S. dollar climbed higher as the euro dropped on renewed worries about Greek debt.
Treasuries traded mixed as the Dow, Nasdaq, and S&P waffled near unchanged on varied economic data and earnings reports.
Among the big names making news in the market today were Ralph Lauren, Staples, GM, Sony, and Toyota.
GATA Posts:
Bank of Montreal gold product takes aim at big ETF market, new investors
Mark O'Byrne: New gold fix to be run by Western and Chinese banks, still not transparent
The Statistics:
Activity from: 2/3/2015
Gold Warehouse Stocks: | 8,109,244.251 | +109,277.85 |
Silver Warehouse Stocks: | 178,021,911.764 | -23,360.71 |
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 | 764.943 | 24,593,670 | US$31,182m |
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$5,612m |
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$453m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 38.40 | 1,234,459 | US$1,506m |
Note: Change in Total Tonnes from yesterday’s data: SPD subtracted 1.792 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 167.51: -0.03 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,963.31: -4.22 change from yesterday’s data.
The Miners:
WINNERS
1. Coeur | CDE +8.70% $7.12 |
2. Avino | ASM +6.21% $1.71 |
3. Yamana | AUY +6.05% $4.38 |
LOSERS
1. Turquoise | TRQ -4.64% $3.08 |
2. SilverCrest | SVLC -4.32% $1.37 |
3. DRDGOLD | DRD -3.83% $2.26 |
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: Wednesday, 4 February 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain With Dollar
