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Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 1% on the Week
By: Chris Mullen,

 -- Published: Friday, 11 July 2014 | Print  | Disqus 




On Week





















JSE Gold










































The Metals:


Gold edged up to $1339.08 at about 8:20AM EST before it chopped back down to $1334.03 in the next 70 minutes of trade, but it then bounced back higher in afternoon trade and ended with a gain of 0.14%.  Silver slipped back to $21.364 before it also rallied back higher in late trade and ended with a gain of 0.23%.


Euro gold rose to about €983, platinum lost $1 to $1508, and copper remained at about $3.27.


Gold and silver equities rose over 1% in the first fifteen minutes of trade before they fell back towards unchanged by midmorning, but they then rallied back higher in afternoon trade and ended with over 2% gains.


The Economy:







Treasury Budget






All of this week’s other economic reports:


Wholesale Inventories - May

0.5% v. 1.0%


Initial Claims - 7/05

304K v. 315K


Consumer Credit - May

$19.6B v. $26.1B


JOLTS - Job Openings - May

4.635M v. 4.464M


Next week’s economic highlights include Retail Sales, Empire Manufacturing, Import and Export Prices, and Business Inventories on Tuesday, PPI, Net Long-Term TIC Flows, Industrial Production, Capacity Utilization, the NAHB Housing Market Index, and the fed’s Beige Book on Wednesday, Initial Jobless Claims, Housing Starts, Building Permits, and the Philadelphia Fed on Thursday, and Michigan Sentiment and Leading Economic Indicators on Friday.


The Markets:


Charts Courtesy of


Oil fell on steady production and supply in the face of geopolitical unrest.


The U.S. dollar index rose along with the yen again on continued worries about Portugal’s banking sector that sent treasuries higher.


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


Among the big names making news in the market Friday were GM, Chrysler, Wells Fargo, Reynolds American, Cynk, Bitcoin, Nissan, Amazon, Fannie Mae, Freddie mac, and JPMorgan.


GATA Posts:



CME, Thomson Reuters win competition to replace century-old silver benchmark

The critical questions Kitco never put to Doug Casey about gold price suppression

Are the Fed's 12 regional banks government agencies?

Gene Arensberg: Big new silver shorts have been misidentified, squeeze is likely


The Statistics:

Activity from: 7/10/2014

Gold Warehouse Stocks:



Silver Warehouse Stocks:




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




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: Change in Total Tonnes from yesterday’s data: SPDE subtracted 0.237 tonnes.


COMEX Gold Trust (IAU) Total Tonnes in Trust: 164.28: No change from yesterday’s data.


Silver Trust (SLV) Total Tonnes in Trust: 10,038.52: No change from yesterday’s data.


The Miners:



1.  Golden Minerals

AUMN +8.33% $1.30

2.  Rubicon

RBY +8.33% $1.56

3.  Lake Shore

LSG +7.21% $1.19



1.  Mines Management

MGN -0.95% $1.04

2.  Franco-Nevada

FNV -0.33% $58.19

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


- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2014

Note: This article may be reproduced provided the article, in full, is used and mention to 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. 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’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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