-- Published: Monday, 9 February 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1240.70 | +$5.00 |
Silver | $17.03 | +$0.28 |
XAU | 78.37 | +1.73% |
HUI | 195.53 | +1.34% |
GDM | 603.64 | +1.32% |
JSE Gold | 1530.34 | -4.28 |
USD | 94.55 | -0.10 |
Euro | 113.29 | +0.14 |
Yen | 84.32 | +0.38 |
Oil | $52.86 | +$1.17 |
10-Year | 1.948% | +0.010 |
Bond | 147.50 | -0.15625 |
Dow | 17729.21 | -0.53% |
Nasdaq | 4726.01 | -0.39% |
S&P | 2046.74 | -0.42% |
The Metals:
Gold climbed $7.94 to $1243.64 at about 5:30AM EST before it fell back to $1236.20 in the next three and half hours of trade, but it then rallied back higher into the close and ended with a gain of 0.41%. Silver rose to as high as $17.167 and ended with a gain of 1.67%.
Euro gold climbed over €1095, platinum lost $5 to $1215, and copper remained at about $2.59.
Gold and silver equities rose over 1% in the first hour of trade and remained near that level for the rest of the day.
The Economy:
Plosser says Fed does not fully understand low U.S. yields: Fox Reuters
Tomorrow brings Wholesale Inventories for December expected at 0.2%.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil climbed higher after OPEC increased its demand forecast.
The U.S. dollar fell as the yen rose on worries about Greece that sent the Dow, Nasdaq, and S&P lower.
Treasuries ended near unchanged in mixed trade.
Among the big names making news in the market today were HSBC, GM, and McDonald’s.
GATA Posts:
New York Sun: Return of the drachma?
Greek investors buying more gold coins from U.K. Royal Mint
U.S. scrutiny of Barclays and UBS widens forex trading probe
Marcia Christoff-Kurapovna: Is Russia planning a gold-based currency?
The Statistics:
Activity from: 2/6/2015
Gold Warehouse Stocks: | 8,072,326.624 | -94,583.612 |
Silver Warehouse Stocks: | 176,601,119.372 | -1,345,369.605 |
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$30,775m |
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$5,508m |
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$445m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 38.40 | 1,234,459 | US$1,506m |
Note: No change in Total Tonnes from yesterday’s data.
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:
Primero’s (PPP) closed offering, Northern Dynasty’s (NAK) preliminary short form prospectus, Gold Resource’s (GORO) preliminary 2014 fourth quarter and year-end mill production results, Randgold’s (GOLD) dividend, Kirkland’s (KGI.TO) operational results for the third quarter of fiscal 2015, Tahoe’s (TAHO) combination with Rio Alto (RIOM), and Arian Silver’s (AGQ.V) 2% Net Smelter Return were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Rio Alto | RIOM +10.98% $2.93 |
2. NovaGold | NG +5.41% $4.09 |
3. Paramount | PZG +4.66% $1.46 |
LOSERS
1. Tahoe | TAHO -8.93% $12.85 |
2. Harmony | HMY -3.22% $2.76 |
3. SilverCrest | SVLC -3.08% $1.26 |
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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-- Published: Monday, 9 February 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain With Oil
