-- Published: Friday, 12 September 2014 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1230.70 | -$11.40 | -3.00% |
Silver | $18.65 | -$0.06 | -2.86% |
XAU | 91.66 | -1.44% | -3.82% |
HUI | 218.98 | -1.38% | -3.97% |
GDM | 661.62 | -1.31% | -4.20% |
JSE Gold | 1340.17 | +17.90 | -6.10% |
USD | 84.23 | -0.09 | +0.56% |
Euro | 129.54 | +0.32 | +0.04% |
Yen | 93.14 | -0.27 | -2.12% |
Oil | $92.27 | -$0.56 | -1.09% |
10-Year | 2.614% | +0.083 | +6.22% |
Bond | 137.3125 | -1.40625 | -1.50% |
Dow | 16987.51 | -0.36% | -0.87% |
Nasdaq | 4567.59 | -0.53% | -0.33% |
S&P | 1985.54 | -0.60% | -1.10% |
The Metals:
Gold waffled between $1232.25 and $1239.92 in Asia before it fell to as low as $1227.69 by early afternoon in New York, but it then bounced back higher in afternoon trade and ended with a loss of just 0.92%. Silver slipped to as low as $18.468 and ended with a loss of 0.32%.
Euro gold fell to about €950, platinum lost $3 to $1365, and coper climbed a penny to about $3.10.
Gold and silver equities fell over 1% at the open before they rallied back higher at times, but they still ended with over 1% losses on the day.
The Economy:
Report | For | Reading | Expected | Previous |
Retail Sales | Aug | 0.6% | 0.6% | 0.3% |
Retail Sales ex-auto | Aug | 0.3% | 0.3% | 0.3% |
Export Prices | Aug | -0.5% | - | 0.1% |
Export Prices ex-ag. | Aug | -0.3% | - | 0.3% |
Import Prices | Aug | -0.9% | - | -0.3% |
Import Prices ex-oil | Aug | 0.1% | - | 0.0% |
Michigan Sentiment | Sep | 84.6 | 83.5 | 82.5 |
Business Inventories | July | 0.4% | 0.4% | 0.4% |
All of this week’s other economic reports:
Next week’s economic highlights include Empire Manufacturing, Industrial Production, Capacity Utilization on Monday, PPI and Net Long-Term TIC Flows on Tuesday, CPI, the Current Account Balance, the NAHB Housing Market Index, and a FOMC Rate Decision on Wednesday, Initial Jobless Claims, Housing Starts, Building Permits, and the Philadelphia Fed on Thursday, and Leading Economic Indicators on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil remained weak on a poor demand outlook.
The U.S. dollar index saw slight losses on steady economic data that sent treasuries lower.
The Dow, Nasdaq, and S&P fell on worries about possibly rising interest rates.
Among the big names making news in the market Friday were Bitcoin, AT&T and DirecTV, EBay, Yahoo, and Alibaba.
GATA Posts:
No risk in fixed deposits? Tell it to Cyprus!
U.S. to sanction Sberbank, tighten limits on other Russian banks, sources tell Reuters
The Bank of England has already issued a dozen certificates for this gold
The Statistics:
Activity from: 9/11/2014
Gold Warehouse Stocks: | 9,671,498.368 | -64.3 |
Silver Warehouse Stocks: | 181,846,803.053 | +918,151.25 |
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 | 788.404 | 25,347,990 | US$31,456m |
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$5,470m |
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$442m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 38.04 | 1,223,154 | US$1,550m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 0.312 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 165.23: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,454.90: +46.24 change from yesterday’s data.
The Miners:
AngloGold’s (AU) share sale plan and Newmont’s (NEM) sale agreement with Fresnillo plc (FRES.L) were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Almaden | AAU +5.33% $1.58 |
2. Turquoise | TRQ +3.95% $3.95 |
3. AngloGold | AU +2.75% $13.45 |
LOSERS
1. Tanzanian Royalty | TRX -6.67% $2.10 |
2. Solitario | XPL -4.96% $1.34 |
3. Great Panther | GPL -4.55% $1.05 |
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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-- Published: Friday, 12 September 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall About 3% on the Week
