-- Published: Friday, 17 April 2015 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1204.50 | +$5.50 | -0.31% |
Silver | $16.26 | -$0.03 | -1.39% |
XAU | 70.94 | +0.07% | +2.41% |
HUI | 176.71 | -0.38% | +3.23% |
GDM | 548.05 | -0.10% | +1.69% |
JSE Gold | 1331.12 | -3.99 | +6.81% |
USD | 97.40 | -0.21 | -1.95% |
Euro | 108.09 | +0.43 | +1.93% |
Yen | 84.12 | +0.12 | +1.11% |
Oil | $55.74 | -$0.97 | +7.94% |
10-Year | 1.850% | -0.028 | -5.18% |
Bond | 165.34375 | +1.21875 | +1.07% |
Dow | 17826.30 | -1.54% | -1.28% |
Nasdaq | 4931.81 | -1.52% | -1.28% |
S&P | 2081.18 | -1.13% | -0.99% |
The Metals:
Gold climbed $8.59 to $1207.59 at about 6:30AM EST before it fell back to $1200.90 in the next few hours of trade, but it then rallied back higher into the close and ended with a gain of 0.46%. Silver rose to as high as $16.525 in London, but it then fell back off for most of the rest of trade and ended with a loss of 0.18%.
Euro gold remained at about €1113, platinum gained $11 to $1168, and copper climbed a couple of cents to about $2.79.
Gold and silver equities saw over 1% gains for most of the morning before they fell to see slight losses at about 2PM EST, but they then bounced back higher in the last couple of hours of trade and ended mixed.
The Economy:
Report | For | Reading | Expected | Previous |
CPI | Mar | 0.2% | 0.3% | 0.2% |
Core CPI | Mar | 0.2% | 0.1% | 0.2% |
Michigan Sentiment | Apr | 95.9 | 94.0 | 93.0 |
Leading Indicators | Mar | 0.2% | 0.3% | 0.1% |
All of this week’s other economic reports:
NAHB Housing Market Index - April | 56 v. 52 |
Next week’s economic highlights include the FHFA Housing Price Index and Existing Home Sales on Wednesday, Initial Jobless Claims and New Home Sales on Thursday, and Durable Goods Orders on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell almost 2% on the day, but gained nearly 8% for the week as traders continued to digest this week’s inventory data.
The U.S. dollar index pared early losses after this morning’s higher than expected Core CPI data, but it still ended with a loss on the day and the week on the renewed overall view that the fed will not be raising interest rates anytime soon.
Treasuries rose as the Dow, Nasdaq, and S&P fell almost 2% on worries about China, Greece, and poor earnings reports.
Among the big names making news in the market Friday were GoPro, 58.Com, Honeywell, AmEx, and GE.
GATA Posts:
Greece scrapes bottom of barrel in hunt for cash to stay afloat
The Statistics:
Activity from: 4/16/2015
Gold Warehouse Stocks: | 7,857,533.164 | +41,885.816 |
Silver Warehouse Stocks: | 175,939,479.091 | +1,120,159.783 |
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 | 736.081 | 23,665,725 | US$28,471m |
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$5,349m |
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$5,912m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$432m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 29.81 | 958,320 | US$1,153m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 165.28: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,105.52: No change from yesterday’s data.
The Miners:
WINNERS
1. Rubicon | RBY +4.63% $1.13 |
2. Paramount | PZG +4.07% $1.28 |
3. Alamos | AGI +3.43% $6.64 |
LOSERS
1. Fortuna | FSM -2.57% $3.41 |
2. Hecla | HL -2.47% $3.16 |
3. Richmont | RIC -2.27% $3.01 |
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, 17 April 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver End Slightly Lower on the Week
