Volume for the day just under 6 million shares. Shares in auction earlier. Last year`s 4th Quarter`s production figures were released on 6th Jan. If same date this year there are very few days in which normal trading volumes will be available before we get 2014 production figures and 2015 guidance.
The big rallies in world stock markets (risk-on) have also been a negative for the competing asset class, safe-haven gold.
Some cited as supportive for gold an announcement coming from Switzerland that the Swiss National Bank will introduce negative interest rates next year. The SNB made the move in order to deflate the Swiss franc currency. Some investors reckoned that a deflating Swiss franc could prompt more demand for gold.
http://www.mining.com/web/john-williams-a-downhill-run-for-the-dollar-in-2015/ The dollar is unusually strong, the strongest it's been in some time. If we look at the factors that drive it, the dollar is very vulnerable. Right now, our economy purportedly is booming, and the rest of the world is in recession. So that, on the surface, would tend to result in a strong dollar. I'll contend, though, that our economic growth is not real. The numbers will weaken. Retail sales and industrial production actually have much higher credibility than the GDP in that we'll see indications there of renewed recession. We've already seen a sharp slowing so far in the data for Q4/14.
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