-- Published: Friday, 16 January 2015 | Print | Disqus
Please Note: US markets will be closed on Monday for Martin Luther King Day.
| Close | Gain/Loss | On Week |
Gold | $1275.50 | +$17.00 | +4.51% |
Silver | $17.69 | +$0.83 | +7.47% |
XAU | 79.38 | +2.98% | +5.17% |
HUI | 200.87 | +3.23% | +8.37% |
GDM | 613.50 | +3.25% | +7.48% |
JSE Gold | 1481.72 | +31.62 | +11.86% |
USD | 92.62 | +0.31 | +0.76% |
Euro | 115.65 | -0.60 | -2.34% |
Yen | 85.02 | -1.24 | +0.79% |
Oil | $48.69 | +$2.44 | +0.68% |
10-Year | 1.815% | +0.040 | -7.91% |
Bond | 149.28125 | -0.8125 | +1.16% |
Dow | 17511.57 | +1.10% | -1.27% |
Nasdaq | 4634.38 | +1.39% | -1.48% |
S&P | 2019.42 | +1.34% | -1.24% |
The Metals:
Gold climbed $22.43 to $1280.93 by late morning in New York before it edged back lower in afternoon trade, but it still ended with a gain of 1.35%. Silver surged to as high as $17.805 and ended with a gain of 4.92%.
Euro gold rose to about €1103, platinum gained $8 to $1263, and copper climbed 6 cents to about $2.63.
Gold and silver equities rose about 4% in the first 45 minutes of trade before they chopped back lower at times, but they still ended with about 3% gains.
The Economy:
Report | For | Reading | Expected | Previous |
CPI | Dec | -0.4% | -0.4% | -0.3% |
Core CPI | Dec | 0.0% | 0.1% | 0.1% |
Industrial Production | Dec | -0.1% | -0.1% | 1.3% |
Capacity Utilization | Dec | 79.7% | 79.9% | 80.0% |
Michigan Sentiment | Jan | 98.2 | 94.1 | 93.6 |
Foreign Holdings of US Treasury Securities Up ABC News
Fed should not tighten policy in 2015, Kocherlakota says Reuters
All of this week’s other economic reports:
Next week’s economic highlights include the NAHB Housing Market Index on Tuesday, Housing Starts and building Permits on Wednesday, Initial Jobless Claims and the FHFA Housing Price Index on Thursday, and Existing Home Sales and Leading Economic Indicators on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose on a report from the International Energy Agency that “said there were signs lower prices had begun to curb production in some areas.”
The U.S. dollar index rose on decent economic data that sent treasuries lower.
The Dow, Nasdaq, and S&P rose to find over 1% gains by the close on relief over a recovering oil market.
Among the big names making news in the market Friday were Goldman Sachs, PNC, Schlumberger, BP, Intel, and Home Depot.
GATA Posts:
Koos Jansen: China continues to drain global gold inventory
Michael Santoli: Central banks are increasingly desperate to control everything
How can you tell if a central banker is lying? He moves his lips
Ambrose Evans-Pritchard: World deflationary forces have swept away Swiss defenses
The Statistics:
Activity from: 1/15/2015
Gold Warehouse Stocks: | 7,948,530.681 | -32.15 |
Silver Warehouse Stocks: | 174,430,713.134 | +516,593.45 |
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 | 717.151 | 23,057,109 | US$29,447m |
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$5,677m |
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$458m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 38.40 | 1,234,459 | US$1,506m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 9.56 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 163.62: +0.58 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,108.97: -41.69 change from yesterday’s data.
The Miners:
Yamana’s (AUY) preliminary prospectus, Midway’s (MDW) construction update, and Gold Fields’ (GFI) updated production and cost guidance were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Avino | ASM +14.19% $1.69 |
2. Comstock | LODE +10.52% $1.11 |
3. Tahoe | TAHO +8.03% $15.34 |
LOSERS
1. Almaden | AAU -6.96% $1.12 |
2. Timmins | TGD -3.48% $1.11 |
3. NovaGold | NG -3.17% $3.68 |
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, 16 January 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Almost 5% and 8% on the Week
