• Gold: 1,224.00 0.77
  • Silver: 14.38 -0.04
  • Euro: 1.145 0.000
  • USDX: 96.175 -0.29
  • Oil: 57.42 0.34

December 30: Gold and Silver Fall About 2%

Chris Mullen
|
Monday, December 30th
 

Close

Gain/Loss

Gold

$1196.90

-$17.30

Silver

$19.60

-$0.43

XAU

82.38

-2.27%

HUI

193.03

-2.60%

GDM

575.27

-2.28%

JSE Gold

1029.29

+9.49

USD

80.02

-0.32

Euro

137.99

+0.50

Yen

95.18

+0.08

Oil

$99.29

-$1.03

10-Year

2.976%

-0.030

Bond

128.8125

+0.53125

Dow

16504.29

+0.16%

Nasdaq

4154.19

-0.06%

S&P

1841.07

-0.02%

 
 

The Metals:

 

Gold fell $13.13 to $1201.07 at about 5:30AM EST before it bounced back to $1208.50 in the next three and a half hours of trade, but it then fell to a new session low of $1195.43 in the last fifteen minutes of trade and ended with a loss of 1.42%. Silver slipped to as low as $19.48 and ended with a loss of 2.15%.

 

Euro gold fell to under €868, platinum lost $18 to $1355, and copper remained at about $3.40.

 

Gold and silver equities traded about 1% lower for most of the day, but they then fell to new session lows in the last hour of the day and ended with over 2% losses.

The Economy:

 

Report

For

Reading

Expected

Previous

Pending Home Sales

Nov

0.2%

1.0%

-1.2%

 

There are no major economic reports due out tomorrow.

 

The Markets:

 

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

 

Oil fell along with the U.S. dollar index on poor housing data that sent treasuries higher.

 

The Dow, Nasdaq, and S&P waffled near unchanged in quiet trade.

 

Among the big names making news in the market today were Crocs, Wells Fargo, Ford, Toyota, and Cooper Tire.

 

GATA Posts:

 

 

Great interview with Rickards covers Fed, economic decline, and gold

Koos Jansen: China's weekly gold deliveries now likely exceed world mine production

UBS' Cashin notes West's loss of gold to Asia

India gold tax hits bridal budgets and smuggling is up

 

The Statistics:

Activity from: 12//2013

Gold Warehouse Stocks:

7,764,055.532

-95.61

Silver Warehouse Stocks:

173,332,610.172

+117,247.34

 

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

801.220

25,760,020

US$31,016m

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$5,355m

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$433m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

41.88

1,346,506

US$1,674m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 3.0 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 163.69: -0.53 change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 9,958.64: -50.90 change from yesterday’s data.

 

The Miners:

 

Allied Nevada’s (AV) credit agreement and Gold Resource’s (GORO) Chairman moves were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. Northern Dynasty

NAK +3.28% $1.26

2. Avino

ASM +1.82% $1.12

3. Comstock

LODE +1.22% $1.66

LOSERS

1. B2Gold

BTG -5.61% $2.02

2. IAMGOLD

IAG -5.48% $3.28

3. Allied Nevada

ANV -5.29% $3.40

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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© Gold Seeker 2013

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