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Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Over 2% and 6% on the Week
By: Chris Mullen,

 -- Published: Friday, 20 February 2015 | Print  | Disqus 




On Week





















JSE Gold










































The Metals:


Gold dipped down to $1201.64 in late Asian trade before it bounced back to $1214.54 in London, but it then fell to a new 7 week low of $1198.52 in New York and ended with a loss of 0.53%.  Silver slipped to as low as $16.191 and ended with a loss of 0.98%.


Euro gold fell to about €1056, platinum lost $5 to $1161, and copper fell a couple of cents to ab $2.60.


Gold and silver equities saw over 1% gains throughout the morning, but they then fell back off in afternoon trade and ended near unchanged.


The Economy:


All of this week’s other economic reports:


Leading Indicators - January

0.2% v. 0.4%


Philadelphia Fed - February

5.2 v. 6.3


Initial Claims - 2/14

283K v. 304K


Capacity Utilization - January

79.4% v. 79.4%


Industrial Production - January

0.2% v. -0.3%


PPI - January

-0.8% v. -0.2%


Core PPI - January

-0.1% v. 0.3%


Building Permits - January

1053K v. 1060K


Housing Starts - January

1065K v. 1087K


NAHB Housing Market Index - February

55 v. 57


Empire Manufacturing - February

7.8 v. 9.9


Next week’s economic highlights include Existing Home Sales on Monday, the Case-Shiller 20-city Index and Consumer Confidence on Tuesday, New Home Sales on Wednesday, Initial Jobless Claims, CPI, Durable Goods Orders, and the FHFA Housing Price Index on Thursday, and GDP, Chicago PMI, Michigan Sentiment, and Pending Home Sales on Friday.


The Markets:


Charts Courtesy of


Oil fell on the continued outlook for ample supplies.


The U.S. dollar index dropped as the euro climbed higher in afternoon trade on word that Euro zone finance ministers reached an agreement with Greece.


Treasuries erased early gains as the Dow, Nasdaq, and S&P climbed higher in late trade on optimism about Greece.


Among the big names making news in the market Friday were Pimco, Takata, RBS, and Credit Suisse.


GATA Posts:



The Danish krone suppression scheme joins the gold suppression scheme

March date set for gold fix switch


The Statistics:

Activity from: 1/19/2015

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: Change in Total Tonnes from yesterday’s data: SPDR added 1.493 tonnes.


COMEX Gold Trust (IAU) Total Tonnes in Trust: 167.03: No change from yesterday’s data.


Silver Trust (SLV) Total Tonnes in Trust: 10,086.84: No change from yesterday’s data.


The Miners:


Kirkland’s (KGI.TO) Chairman of the board appointment, SEMAFO’s (SMF.TO) historical resources, and Randgold’s (GOLD) joint corporate broker appointment were among the big stories in the gold and silver mining industry making headlines Friday.



1.  Newmont

NEM +4.58% $25.58

2.  Eldorado

EGO +2.79% $5.16

3.  Harmony

HMY +1.68% $2.42



1.  Paramount

PZG -7.09% $1.18

2.  Pan American


3.  Silver Standard

SSRI -6.33% $5.41

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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© Gold Seeker 2015

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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