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

 -- Published: Friday, 10 April 2015 | Print  | Disqus 

 

Close

Gain/Loss

On Week

Gold

$1208.20

+$13.10

+0.57%

Silver

$16.49

+$0.29

-1.49%

XAU

69.27

+2.36%

+1.94%

HUI

171.18

+2.92%

+2.48%

GDM

538.95

+2.54%

+2.23%

JSE Gold

1246.29

+49.90

+2.06%

USD

99.34

+0.28

+1.86%

Euro

106.04

-0.54

-2.55%

Yen

83.20

+0.29

-0.38%

Oil

$51.64

+$0.85

+5.09%

10-Year

1.951%

-0.007

+2.47%

Bond

163.59375

+0.34375

-0.48%

Dow

18057.62

+0.55%

+1.66%

Nasdaq

4995.97

+0.43%

+2.23%

S&P

2102.06

+0.52%

+1.70%

 
 

 

The Metals:

 

Gold climbed $15.61 to $1210.71 at about 9:45AM EST before it chopped back lower into early afternoon trade, but it still ended with a gain of 1.1%.  Silver rose to as high as $16.682 and ended with a gain of 1.79%.

 

Euro gold rose to about €1139, platinum gained $17 to $1171, and copper remained at about $2.73.

 

Gold and silver equities rose over 2% at the open and remained near that level for the rest of the day.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Export Prices

Mar

0.1%

-

-0.2%

Export Prices ex-ag.

Mar

0.2%

-

-0.1%

Import Prices

Mar

-0.3%

-

-0.2%

Import Prices ex-oil

Mar

-0.4%

-

-0.3%

 

Investors Size Up Yellen Collar as Dudley Outlines Fed Thinking  Bloomberg

 

All of this week’s other economic reports:

 

Wholesale Inventories - February

0.3% v. 0.4%

 

Initial Claims - 4/04

281K v. 267K

 

Consumer Credit - February

$15..5B v. $11.6B

 

JOLTS - Job Openings - February

5.133M v. 4.965M

 

ISM Services - March

56.5 v. 56.9

 

Next week’s economic highlights include Retail Sales, PPI, and Business Inventories on Tuesday, Empire Manufacturing, Industrial Production, Capacity Utilization, the NAHB Housing Market Index, the Fed's Beige Book, and Net Long-Term TIC Flows on Wednesday, Initial Jobless Claims, Housing Starts, Building Permits, and the Philadelphia Fed on Thursday, and CPI, Michigan Sentiment, and Leading Economic Indicators on Friday.

 

The Markets:

 

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

 

Oil climbed almost 2% on worries about Iran over the weekend.

 

The U.S. dollar index saw decent gains as the euro fell on the view that the fed is more hawkish than the ECB for the time being.

 

Treasuries traded mostly higher on geopolitical concerns.

 

The Dow, Nasdaq, and S&P rose on cautious optimism about upcoming earnings reports.

 

Among the big names making news in the market Friday were Alibaba, GE, and Carrefour.

 

GATA Posts:

 

 

Tocqueville's strategy letter: Gold is as contrarian as it was in 1999

India's rich temples may open gold vaults for Prime Minister Modi

 

The Statistics:

Activity from: 4/9/2015

Gold Warehouse Stocks:

7,793,472.603

-56,172.741

Silver Warehouse Stocks:

175,068,529.856

-1,305,141.912

 

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

736.044

23,664,535

US$28,556m

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$5,359m

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$433m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

30.65

985,279

US$1,193m

Note: Change in Total Tonnes from yesterday’s data: SPDR added 2.985 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 165.28: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,010.34: No change from yesterday’s data.

 

The Miners:

 

Gold Fields’s (GFI) wage agreement, Buenaventura’s (BVN) first quarter production results, and Crocodile Gold’s (CRK.TO) first quarter production results were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1.  DRDGOLD

DRD +7.87% $1.92

2.  AngloGold

AU +7.56% $10.24

3.  Gold Fields

GFI +6.45% $4.29

 

LOSERS

1.  SilverCrest

SVLC -2.80% $1.04

2.  Freeport

FCX -2.56% $18.30

3.  Tahoe  

TAHO-1.64% $11.97

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: Friday, 10 April 2015 | E-Mail  | Print  | Source: GoldSeek.com

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