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

 -- Published: Thursday, 2 April 2015 | Print  | Disqus 

 

Close

Gain/Loss

On Week

Gold

$1201.30

-$2.90

+0.22%

Silver

$16.74

-$0.22

-1.24%

XAU

67.95

-1.36%

+0.34%

HUI

167.03

-1.25%

+0.49%

GDM

527.20

-0.64%

+0.60%

JSE Gold

1221.18

+23.76

-3.06%

USD

97.53

-0.69

+0.21%

Euro

108.82

+1.20

-0.06%

Yen

83.52

-0.02

-0.45%

Oil

$49.14

-$0.95

+0.55%

10-Year

1.904%

+0.036

-5.13%

Bond

164.375

-1.4375

+0.22%

Dow

17763.24

+0.37%

+0.29%

Nasdaq

4886.93

+0.14%

-0.09%

S&P

2066.96

+0.35%

+0.29%

 
 

 

The Metals:

 

Gold edged up to $1207.30 in Asia before it fell back to $1195.83 by late morning in New York, but it then bounced back higher in the last five hours of trade and ended with a loss of just 0.24%.  Silver slipped to as low as $16.619 and ended with a loss of 1.3%.

 

Euro gold fell to about €1104, platinum lost $11 to $1150, and copper fell a couple of cents to about $2.73.

 

Gold and silver equities traded mostly slightly lower and ended with about 1% losses.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Initial Claims

3/28

268K

285K

288K

Trade Balance

Feb

-$35.4B

-$42.0B

-$42.7B

Factory Orders

Feb

0.2%

-0.5%

-0.7%

 

Despite the fact that US markets are closed tomorrow for Good Friday, the labor department will still release its jobs report for March.

 

When do markets close for Good Friday? MarketWatch

 

All of this week’s other economic reports:

 

Construction Spending - February

-0.1% v. -1.7%

 

ISM Index - March

51.5 v. 52.9

 

ADP Employment - March

189K v. 214K

 

Consumer Confidence - March

101.3 v. 98.8

 

Chicago PMI - February

46.3 v. 45.8

 

Case-Shiller 20-city Index - January

4.6% v. 4.4%

 

Pending Home Sales - February

3.1% v. 1.2%

 

Personal Income - February

0.4% v. 0.4%

 

Personal Spending - February

0.1% v. -0.2%

 

PCE Prices - Core - February

0.1% v. 0.1%

 

Next week’s economic highlights include ISM Services on Monday, Consumer Credit on Tuesday, FOMC Minutes on Wednesday, Initial Jobless Claims and Wholesale Inventories on Thursday, and Export and Import Prices and the Treasury Budget on Friday.

 

The Markets:

 

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

 

Oil ended about 2% lower on hopes that a deal can be reached with Iran over its nuclear program.

 

The U.S. dollar index dropped on worries about tomorrow’s jobs report.

 

Treasuries fell on decent economic data that sent the Dow, Nasdaq, and S&P mostly higher.

 

Among the big names making news in the market Friday were CarMax, Lumber Liquidators, Micron, Apple, Spotify, and Goldman Sachs.

 

GATA Posts:

 

 

Barrick Gold must face U.S. lawsuit over mothballed mine

World Gold Council considers launch of new London exchange

Former BIS official criticizes central bank 'guidance' on interest rates

Israel applies to become founding member of Asian development bank

Zero Hedge: Custodial gold claimed by NY Fed falls below 6,000 tonnes

 

The Statistics:

Activity from: 4/1/2015

Gold Warehouse Stocks:

7,849,806.094

-160,835.80

Silver Warehouse Stocks:

176,493,085.939

-157,052.77

 

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

737.237

23,702,920

US$28,395m

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$5,324m

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$431m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

30.65

985,333

US$1,181m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 164.92: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,014.56: No change from yesterday’s data.

 

The Miners:

 

Midway’s (MDW) operations update, Sandstorm’s (SAND) corporate update, and Pretivm’s (PVG) Cooperation and Benefits Agreement with the Nisga'a Nation were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1.  Tahoe Resources

TAHO +3.83% $11.94

2.  Pretivm

PVG +3.65% $5.68

3.  Paramount

PZG +1.94% $1.00

 

LOSERS

1.  McEwen

MUX -4.59% $1.04

2.  Silver Wheaton

SLW -3.18% $19.19

3.  Harmony

HMY -3.02% $1.93

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 2015

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.

 


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 -- Published: Thursday, 2 April 2015 | E-Mail  | Print  | Source: GoldSeek.com

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