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Gold Seeker Closing Report: Gold and Silver Gain Over 1%
By: Chris Mullen, Gold-Seeker.com

 -- Published: Tuesday, 20 January 2015 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1292.70

+$17.20

Silver

$17.93

+$0.24

XAU

81.93

+3.21%

HUI

205.28

+3.40%

GDM

626.62

+3.20%

JSE Gold

1533.69

+33.50

USD

92.99

+0.37

Euro

115.56

-0.05

Yen

84.22

-0.80

Oil

$46.39

-$2.30

10-Year

1.807%

-0.008

Bond

150.15625

+0.3125

Dow

17515.23

+0.02%

Nasdaq

4654.84

+0.44%

S&P

2022.55

+0.15%

 
 

 

The Metals:

 

Gold waffled between $1278.72 and $1272.45 in holiday thinned trade yesterday before it climbed to as high as $1294.07 in late Asian trade today and then pared back a bit in London, but it then rose to a new session high of $1296.98 in New York and ended with a gain of 1.35%.  Silver surged to as high as $18.017 and ended with a gain of 1.36%.

 

Euro gold rose to about €1119, platinum gained $16 to $1279, and copper fell 4 cents to about $2.59.

 

Gold and silver equities rose about 4% by midday before they fell back off a bit in early afternoon trade, but they still ended with over 3% gains.

 

The Economy:

 

Report

For

Reading

Expected

Previous

NAHB Housing Market Index

Jan

57

58

58

 

Tomorrow brings Housing Starts and Building Permits.

 

The Markets:

 

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

 

Oil fell nearly 5% on worries about a slowing global economy.

 

The U.S. dollar rose as the yen fell after China reported that its economy grew at a slightly less than expected 7.4% in 2014.

 

Treasuries found slight gains as the Dow, Nasdaq, and S&P traded mixed on uncertainty about central bank moves.

 

Among the big names making news in the market today were GM, Morgan Stanley, FXCM, Delta, Express, and Johnson & Johnson.

 

GATA Posts:

 

 

New York Sun: Outright money?

Swiss franc fallout claims more casualties

 

The Statistics:

Activity from: 1/16/2015

Gold Warehouse Stocks:

7,948,530.681

-

Silver Warehouse Stocks:

175,067,063.604

+363,350.47

 

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

730.892

23,498,906

US$30,274m

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$5,759m

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$464m

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 13.741 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 163.62: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,108.97: No change from yesterday’s data.

 

The Miners:

 

Kinross Gold’s (KGC) exchange offer, Primero’s (PPP) preliminary fourth quarter and full-year 2014 operating results, B2Gold’s (BTG) updated gold mineral resource estimate, Kirkland’s (KGI.TO) drilling update, Tahoe’s (TAHO) silver production, Paramount’s (PZG) drill results, and Alexco’s (AXU) drill results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  DRDGOLD

DRD +26.18% $2.67

2.  Timmins

TGD +11.71% $1.24

3.  Rubicon

RBY +11.21% $1.29

 

LOSERS

1.  Comstock

LODE -4.99% $1.05

2.  Nevsun

NSU -3.53% $3.55

3.  Gold Fields

GFI -0.17% $5.72

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: Tuesday, 20 January 2015 | E-Mail  | Print  | Source: GoldSeek.com

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