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Gold Seeker Closing Report: Gold and Silver End Mixed Before Jobs Day
By: Chris Mullen, Gold-Seeker.com

 -- Published: Thursday, 5 February 2015 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1270.20

+$4.90

Silver

$17.30

-$0.06

XAU

81.03

+1.27%

HUI

203.75

+0.94%

GDM

625.18

+1.27%

JSE Gold

1549.13

-16.54

USD

93.49

-0.64

Euro

114.83

+1.44

Yen

85.08

-0.22

Oil

$50.48

+$2.03

10-Year

1.815%

+0.018

Bond

148.9375

-0.50

Dow

17884.88

+1.20%

Nasdaq

4765.09

+1.03%

S&P

2062.52

+1.03%

 
 

 

The Metals:

 

Gold saw decent gains in Asia before it fell back to $1256.76 by late morning in New York, but it then bounced back higher in afternoon trade and ended with a gain of 0.39%.  Silver slipped to as low as $16.929 and ended with a loss of 0.35%.

 

Euro gold fell to about €1103, platinum gained $14 to $1251, and copper remained at about $2.59.

 

Gold and silver equities waffled near unchanged for most of the morning, but they then climbed higher in afternoon trade and ended with about 1% gains.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Initial Claims

1/31

278K

290K

267K

Trade Balance

Dec

-$46.6B

-$38.0B

-$39.8B

Productivity

Q4

-1.8%

0.2%

3.7%

Unit Labor Costs

Q4

2.7%

1.2%

-2.3%

 

Tomorrow brings January’s jobs data and Consumer Credit for December.

 

The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil climbed over 4% on worries about increasing violence in Libya.

 

The U.S. dollar fell notably as the euro rose on speculation over moves by the Swiss National Bank.

 

Treasuries fell on easing worries over Greece that sent the Dow, Nasdaq, and S&P about 1% higher.

 

Among the big names making news in the market today were Pfizer, Ford, and Philip Morris.

 

GATA Posts:

 

 

Koos Jansen: Gold repatriation concerns in Belgium?

Germany's gold repatriation campaign celebrated in long profile by Bloomberg News

Gold imports by India are said to surge this year as curbs are scrapped

Congress indignant: Why aren't our pots calling those kettles black?

 

The Statistics:

Activity from: 2/4/2015

Gold Warehouse Stocks:

8,166,202.936

+56,958.685

Silver Warehouse Stocks:

178,015,770.104

-6,141.66

 

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

767.929

24,689,693

US$31,075m

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$5,610m

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$454m

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 2.986 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 167.75: +0.24 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,963.31: No change from yesterday’s data.

 

The Miners:

 

Rio Alto’s (RIOM) year-end reserves and resources, Comstock’s (LODE) CFO promotion, IAMGOLD’s (IAG) exploration results, Centerra Gold’s (CG.TO) agreement with Premier Gold (PG.TO), Timmins Gold’s (TGD) drill results, and Tahoe’s (TAHO) dividend were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Freeport

FCX +6.68% $19.59

2.  Paramount

PZG +5.88% $1.44

3.  DRDGOLD

DRD +5.75% $2.39

 

LOSERS

1.  New Gold

NGD -3.20% $3.93

2.  IAMGOLD

IAG -1.86% $2.65

3.  Gold Fields

GFI -1.56% $5.83

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: Thursday, 5 February 2015 | E-Mail  | Print  | Source: GoldSeek.com

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