-- Published: Wednesday, 30 December 2015 | Print | Disqus
Gold dropped down to $1059.30 by midmorning in New York before it bounced back higher into midday, but it still ended with a loss of 0.73%. Silver slipped to as low as $13.788 and ended with a loss of 0.57%.
Euro gold fell to about €969, platinum lost $15.50 to $868, and copper climbed slightly to about $2.15.
Gold and silver equities fell about 2% at the open and remained near that level for the rest of the day.
Pending Home Sales
Tomorrow brings Initial Jobless Claims and Chicago PMI.
Charts Courtesy of http://finance.yahoo.com/
Oil fell over 3% after the Energy Information Administration reported that crude inventories rose 2.6 million barrels, gasoline inventories rose 900,000 barrels, and distillates rose 1.8 million barrels.
The U.S. dollar index “rallied against commodity currencies such as the Norwegian crown and Russian ruble on Wednesday after declining oil prices weighed on the currencies of oil-dependent economies, while short-covering kept the euro afloat.”
Treasuries held near unchanged as the Dow, Nasdaq, and S&P fell on renewed worries about oil.
Among the big names making news in the market today were China Telecom, GameStop, Apple, Noble Group, and KaloBios.
Mike Kosares: Gold a safe harbor on an ocean of excess reserves
As of close of business: 12/29/2015
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Johannesburg Securities Exchange (JSE)
New Gold Debentures
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 153.21: -0.51 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,918.52: No change from yesterday’s data.
RIC +0.63% $3.21
NSU +0.37% $2.74
SA +0.24% $8.26
1. Gold Resource
MUX -5.17% $1.10
3. First Majestic
AG -4.42% $3.24
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: Wednesday, 30 December 2015 | E-Mail | Print | Source: GoldSeek.com