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Gold Seeker Closing Report: Gold and Silver Gain With Dollar
By: Chris Mullen, Gold-Seeker.com

 -- 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

 

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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.

 


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 -- Published: Wednesday, 4 February 2015 | E-Mail  | Print  | Source: GoldSeek.com

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