-- Published: Friday, 6 February 2015 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1235.70 | -$34.50 | -3.78% |
Silver | $16.75 | -$0.55 | -2.95% |
XAU | 77.10 | -5.08% | -3.06% |
HUI | 193.46 | -5.43% | -4.14% |
GDM | 596.20 | -4.93% | -3.29% |
JSE Gold | 1534.62 | -14.51 | +1.41% |
USD | 94.65 | +1.16 | -0.13% |
Euro | 113.19 | -1.64 | +0.27% |
Yen | 84.06 | -1.05 | -1.25% |
Oil | $51.69 | +$1.21 | +7.15% |
10-Year | 1.938% | +0.123 | +15.70% |
Bond | 147.6875 | -1.1875 | -2.60% |
Dow | 17824.29 | -0.34% | +3.84% |
Nasdaq | 4744.39 | -0.43% | +2.35% |
S&P | 2055.47 | -0.34% | +3.03% |
The Metals:
Gold fell $39.51 to $1230.69 by late morning in New York before it bounced back higher in afternoon trade, but it still ended with a loss of 2.72%. Silver slipped to as low as $16.598 and ended with a loss of 3.18%.
Euro gold fell to about €1092, platinum lost $31 to $1220, and copper remained at about $2.59.
Gold and silver equities fell over 5% by midmorning and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Nonfarm Payrolls | Jan | 257K | 235K | 329K |
Unemployment Rate | Jan | 5.7% | 5.7% | 5.6% |
Hourly Earnings | Jan | 0.5% | 0.3% | -0.2% |
Average Workweek | Jan | 34.6 | 34.6 | 34.6 |
Consumer Credit | Dec | $14.8B | $15.0B | $13.5B |
The BLS net birth/death adjustment subtracted 275,000 payrolls from January’s data. Private Payrolls rose 267,000.
All of this week’s other economic reports:
Next week’s economic highlights include Wholesale Inventories on Tuesday, the Treasury Budget on Wednesday, Initial Jobless Claims, Retail Sales, and Business Inventories on Thursday, and Export and Import Prices and Michigan Sentiment on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose along with the U.S. dollar index on better than expected jobs data that sent treasuries lower and the Dow, Nasdaq, and S&P higher for most of the morning, but stocks then fell back off into the close and ended with notable losses on worries about Greece.
Among the big names making news in the market Friday were Twitter, LinkedIn, GoPro, Expedia, Yelp, and EBay.
GATA Posts:
New York Sun: The Fed's right mind?
William Pesek: Is China preparing for currency war
Federal Reserve fires back at Rand Paul
Obituary and funeral details for Got Gold Report's Gene Arensberg
The Statistics:
Activity from: 2/5/2015
Gold Warehouse Stocks: | 8,166,910.236 | +707.30 |
Silver Warehouse Stocks: | 177,946,488.977 | -69,281.127 |
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 | 773.305 | 24,862,530 | US$31,293m |
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$5,484m |
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$443m |
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 5.376 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 167.75: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,963.31: No change from yesterday’s data.
The Miners:
LOSERS
1. Richmont | RIC -7.92% $3.14 |
2. Yamana | AUY -7.81% $4.15 |
3. Agnico Eagle | AEM -7.72% $31.58 |
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, 6 February 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Almost 4% and 3% on the Week
