LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

GoldSeek.com to Launch New Website
By: GoldSeek.com

Is Gold Price Action Warning Of Imminent Monetary Collapse Part 2?
By: Hubert Moolman

Gold and Silver Are Just Getting Started
By: Frank Holmes, US Funds

Silver Makes High Wave Candle at Target – Here’s What to Expect…
By: Clive Maund

Gold Blows Through Upside Resistance - The Chase Is On
By: Avi Gilburt

U.S. Mint To Reduce Gold & Silver Eagle Production Over The Next 12-18 Months
By: Steve St. Angelo, SRSrocco Report

Gold's sharp rise throws Financial Times into an erroneous sulk
By: Chris Powell, GATA

Precious Metals Update Video: Gold's unusual strength
By: Ira Epstein

Asian Metals Market Update: July-29-2020
By: Chintan Karnani, Insignia Consultants

Gold's rise is a 'mystery' because journalism always fails to pursue it
By: Chris Powell, GATA

 
Search

GoldSeek Web

 
Gold Seeker Weekly Wrap-Up: Gold and Silver End Slightly Lower on the Week
By: Chris Mullen, Gold-Seeker.com

 -- Published: Friday, 24 October 2014 | Print  | Disqus 

Please Note: There will not be any Gold Seeker reports until Wednesday October 29th.

 

 

Close

Gain/Loss

On Week

Gold

$1231.20

-$1.70

-0.53%

Silver

$17.19

-$0.03

-0.52%

XAU

75.93

-0.41%

-1.48%

HUI

184.39

-0.30%

-1.40%

GDM

566.25

-0.26%

-1.30%

JSE Gold

1063.10

+12.06

-5.62%

USD

85.71

-0.13

+0.60%

Euro

126.68

+0.19

-0.74%

Yen

92.51

+0.12

-1.12%

Oil

$81.20

-$0.89

-2.19%

10-Year

2.273%

-0.002

+3.37%

Bond

141.78125

+0.0625

-0.72%

Dow

16805.41

+0.76%

+2.59%

Nasdaq

4483.71

+0.69%

+5.29%

S&P

1964.58

+0.71%

+4.12%

 
 

 

The Metals:

 

Gold edged up to $1234.18 in Asia before it fell back to $1229.42 at about 11AM EST, but it then bounced back higher midday and ended with a loss of just 0.14%.  Silver climbed up to $17.356 in early New York trade before it dropped back to $17.145, but it ended with a loss of just 0.17%.

 

Euro gold fell to about €972, platinum lost $7 to $1246, and copper remained at about $3.03.

 

Gold and silver equities waffled near unchanged and ended slightly lower.

 

The Economy:

 

Report

For

Reading

Expected

Previous

New Home Sales

Sep

467K

475K

466K

 

All of this week’s other economic reports:

 

Leading Indicators - September

0.8% v. 0.0%

 

FHFA Housing Price Index - August

0.5% v. 0.2%

 

Initial Claims - 10/18

283K v. 266K

 

CPI - September

0.1% v. -0.2%

 

Core CPI - September

0.1% v. 0.0%

 

Existing Home Sales - September

5.17M v. 5.05M

 

Next week’s economic highlights include Pending Home Sales on Monday, Durable Goods Orders, the Case-Shiller 20-city Index, and Consumer Confidence on Tuesday, a FOMC Rate Decision on Wednesday, Initial Jobless Claims and GDP on Thursday, and Personal Income and Spending, Core PCE Prices, the Employment Cost Index, Chicago PMI, and Michigan Sentiment on Friday.

 

The Markets:

 

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

 

Oil fell on speculation that Saudi Arabia’s reduced output in September was not due to an actual cut in production.

 

The U.S. dollar index fell as the euro rose ahead of next week’s economic data.

 

Treasuries saw slight gains while the Dow, Nasdaq, and S&P drifted higher on mixed earnings reports.

 

Among the big names making news in the market Friday were P&G, Ford, Amazon, Microsoft, UPS, Comcast, Moody’s, Bristol-Myers, and Google.

 

GATA Posts:

 

 

Paying people their worth in gold -- a first in Singapore

Three major nations absent as China launches rival to Western development bank

First Majestic CEO wants silver miners to form counter-cartel against futures shorters

Foreign central banks cut U.S. bond stakes to lowest since May

MineWeb's Williams praises GATA consultant Jansen's work on China gold demand data

Chris Powell: The crucial questions financial journalism won't ask and central banks won't answer

 

The Statistics:

Activity from: 10/23/2014

Gold Warehouse Stocks:

8,577,395.870

-

Silver Warehouse Stocks:

181,125,066.512

+1,605,000.452

 

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

749.872

24,109,123

US$29,709m

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$5,465m

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

38.40

1,234,459

US$1,506m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 161.91: +0.51 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,681.42: No change from yesterday’s data.

 

The Miners:

 

Randgold’s (GOLD) response to Mali’s first Ebola case and Turquoise Hill’s (TRQ) new director were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1.  DRDGOLD

DRD +2.43% $2.95

2.  Coeur

CDE +2.18% $4.40

3.  Tahoe

TAHO +1.48% $21.20

 

LOSERS

1.  Sandstorm

SAND-5.22% $3.81

2.  Allied Nevada

ANV -4.17% $2.30

3.  Avino

ASM -4.14% $1.39

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 Gold-Seeker.com 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. Gold-Seeker.com 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 Gold-Seeker.com’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.

 


| Digg This Article
 -- Published: Friday, 24 October 2014 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2019



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.