-- Published: Friday, 26 September 2014 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1217.50 | -$3.50 | -0.01% |
Silver | $17.63 | +$0.11 | -1.51% |
XAU | 83.95 | -1.21% | -335% |
HUI | 200.96 | -1.46% | -3.61% |
GDM | 606.79 | -1.24% | -3.03% |
JSE Gold | 1272.75 | +2.39 | -3.17% |
USD | 85.63 | +0.42 | +1.06% |
Euro | 126.85 | -0.65 | -1.18% |
Yen | 91.51 | -0.44 | -0.34% |
Oil | $93.43 | +$0.90 | +1.02% |
10-Year | 2.535% | +0.024 | -2.01% |
Bond | 137.65625 | 0.15625 | -0.18% |
Dow | 17113.15 | +0.99% | -0.96% |
Nasdaq | 4512.19 | +1.02% | -1.48% |
S&P | 1982.85 | +0.86% | -1.37% |
The Metals:
Gold climbed $9.29 to $1230.29 in Asia before it fell back to $1212.44 at about 10AM EST, but it then bounced back higher in late trade and ended with a loss of just 0.29%. Silver waffled between $17.73 and $17.456 and ended with a gain of 0.63%.
Euro gold rose to about €960, platinum lost $11 to $1298, and copper remained at about $3.04.
Gold and silver equities fell a little over 1% in the first half hour of trade and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
GDP | Q2 | 4.6% | 4.6% | 4.2% |
GDP Deflator | Q2 | 2.1% | 2.1% | 2.1% |
Michigan Sentiment | Sep | 84.6 | 85.0 | 84.6 |
All of this week’s other economic reports:
Next week’s economic highlights include Personal Income and Spending, Core PCE Prices, and Pending Home Sales on Monday, the Case-Shiller 20-city Index, Chicago PMI, and Consumer Confidence on Tuesday, ADP Employment, the ISM Index, and Construction Spending on Wednesday, Initial Jobless Claims and Factory Orders on Thursday, and September’s jobs data, the Trade Balance, and ISM Services on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose along with the U.S. dollar index on steady economic data that sent treasuries lower and the Dow, Nasdaq, and S&P higher.
Among the big names making news in the market Friday were Digital Ally, Ford, Pimco, BlackBerry, Finish Line, and Alibaba.
GATA Posts:
German gold demand way up; Hathaway cites sentiment; GoldCore sees intervention
Koos Jansen: New Shanghai exchange discourages exporting gold from China
Six banks in UK talks over forex manipulation fines
The Statistics:
Activity from: 9/25/2014
Gold Warehouse Stocks: | 9,286,617.092 | -96,450.00 |
Silver Warehouse Stocks: | 183,380,409.431 | +114,674.391 |
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 | 773.449 | 24,867,159 | US$30,170m |
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$5,395m |
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$437m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 38.04 | 1,222,979 | US$1,509m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 164.18: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,738.29: No change from yesterday’s data.
The Miners:
SilverCrest’s (SVLC) mine transition update and Silver Bull’s (SVBL) corporate update were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Midway | MDW +4.95% $1.06 |
2. Revett | RVM +3.57% $1.13 |
3. Turquoise | TRQ +3.54% $3.83 |
LOSERS
1. Great Panther | GPL -5.26% $1.08 |
2. Rio Alto | RIOM -4.96% $2.49 |
3. Avino | ASM -4.58% $1.46 |
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, 26 September 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver End Slightly Lower on the Week
