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Gold Seeker Closing Report: Gold Gains Over 1%
By: Chris Mullen, Gold-Seeker.com

 -- Published: Monday, 4 January 2016 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1075.00

+$14.90

Silver

$13.86

+$0.05

XAU

46.40

+2.45%

HUI

114.66

+3.13%

GDM

390.13

+2.23%

JSE Gold

1124.85

+67.54

USD

98.85

+0.22

Euro

108.31

-0.28

Yen

83.70

+0.58

Oil

$36.76

-$0.28

10-Year

2.245%

-0.024

T-Bond

154.34375

+0.59375

Dow

17148.94

-1.58%

Nasdaq

4903.08

-2.08%

S&P

2012.66

-1.53%

 
 

 

The Metals:

 

Gold gained $22.85 to $1082.95 by midmorning in New York before it chopped back lower into midday, but it still ended with a gain of 1.41%.  Silver rose to as high as $14.188 and ended with gain of 0.36%.

 

Euro gold rose to about €993, platinum lost $6 to $881, and copper fell 6 cents to about $2.08.

 

Gold and silver equities rose about 3% at the open and remained near that level for the rest of the day.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Construction Spending

Nov

-0.4%

0.8%

0.3%

ISM Index

Dec

48.2

49.0

48.6

 

There are no major economic reports due out tomorrow.

 

The Markets:

 

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

 

Oil closed almost 1% lower in mixed trade “as concern about Middle East tensions gave way to worries about slowing global economic growth and sliding stock markets.”

 

The U.S. dollar index pared early gains on weak economic data that sent treasuries higher.

 

The Dow, Nasdaq, and S&P fell roughly 2% “as a rout in Chinese equities renewed concern that an economic slowdown there will damp global growth.”

 

Among the big names making news in the market today were Chipotle, Intel, Volkswagen, GM, Lyft, and Fidelity.

 

The Statistics:

As of close of business: 12/31/2015

Gold Warehouse Stocks:

6,414,642.693

+62,113.80

Silver Warehouse Stocks:

161,149,525.534

+478,466.80

 

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

642.368

20,652,777

US$22,343m

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$4,766m

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$5,268m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$386m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

29.17

937,798

US$1,015m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.19 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 152.58: -0.63 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,888.88: -29.64 change from yesterday’s data.

 

The Miners:

 

Goldcorp’s (GG) dividend and McEwen’s (MUX) management appointment were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Harmony

HMY +14.1% $1.06

2.  IAMGOLD

IAG +9.15% $1.55

3.  DRDGOLD

DRD +6.25% $1.70

 

LOSERS

1.  Freeport

FCX -3.25% $6.55

2.  Turquoise

TRQ -1.97% $2.49

3.  Sandstorm

SAND -1.52% $2.59

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

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 -- Published: Monday, 4 January 2016 | E-Mail  | Print  | Source: GoldSeek.com

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