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Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Over 2% and 5% on the Week
By: Chris Mullen,

 -- Published: Friday, 19 December 2014 | Print  | Disqus 




On Week





















JSE Gold










































The Metals:


Gold waffled between $1201.06 and $1194.31 in Asia and held near unchanged in London before it drifted back lower in New York, but it ended with a loss of just 0.26%.  Silver slipped to $15.844 in London, but it the rose to as high as $16.099 in New York and ended with a gain of 0.82%.


Euro gold rose to about €977, platinum lost $2 to $1195, and copper climbed 3 cents to about $2.89.


Gold and silver equities slipped lower in afternoon trade and ended with about 1% losses.


The Economy:


All of this week’s economic reports:


Leading Indicators - November

0.6% v. 0.6%


Philadelphia Fed - December

24.5 v. 40.8


Initial Claims - 12/13

289K v. 295K


CPI - November

-0.3% v. 0.0%


Core CPI - November

0.1% v. 0.2%


Current Account Balance - Q3

-$100.3B v. -$98.4B


Building Permits - November

1035K v. 1092K


Housing Starts - November

1028K v. 1045K


Net Long-Term TIC Flows - October

-$1.4B v. $164.3B


NAHB Housing Market Index - December

57 v. 58


Capacity Utilization - November

80.1% v. 79.3%


Industrial Production - November

1.3% v. 0.1%


Empire Manufacturing - December

-3.6 v. 10.2


Next week’s economic highlights include Existing Home Sales on Monday, Durable Goods Orders, GDP, the FHFA Housing Price Index, Michigan Sentiment, Personal Income and Spending, Core PCE Prices, and New Home Sales on Tuesday, and Initial Jobless Claims on Wednesday.


The Markets:


Charts Courtesy of


Oil bounced back from 5-year lows on short covering.


The U.S. dollar index rose on the view that the fed may raise interest rates before the ECB or Bank of Japan.


Treasuries edged higher as the Dow, Nasdaq, and S&P held near unchanged in relatively quiet trade.


Among the big names making news in the market Friday were Meredith Whitney, MetLife, Petrobras, and Blackberry.


GATA Posts:



Paul Craig Roberts: Financial market manipulation is the new trend -- Can it continue?

Koos Jansen: Russia isn't selling its gold reserves

Fed grants banks a reprieve from Volcker Rule, their second win this month


The Statistics:

Activity from: 12/18/2014

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


COMEX Gold Trust (IAU) Total Tonnes in Trust: 161.02: -0.42 change from yesterday’s data.


Silver Trust (SLV) Total Tonnes in Trust: 10,544.01: No change from yesterday’s data.


The Miners:


Exeter’s (XRA) amended technical report, Freeport’s (FCX) dividend, Timberline’s (TLR) new CEO, Silvercorp’s (SVM) share repurchase program, Paramount’s (PZG) shareholder meeting, and Coeur’s (CDE) initial resource estimate were among the big stories in the gold and silver mining industry making headlines Friday.



1.  Gold Resource

GORO +7.09% $3.17

2.  Rio Alto

RIOM +6.33% $2.52

3.  Endeavor Silver

EXK +5.96% $2.31



1.  B2Gold

BTG 4.62% $1.58

2.  AuRico

AUQ -2.99% $3.24

3.  Gold Fields

GFI -2.91% $4.36

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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