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Gold Seeker Weekly Wrap-Up: Gold Slips but Silver Gains Almost 3% on the Week
By: Chris Mullen, Gold-Seeker.com

 -- Published: Friday, 1 May 2015 | Print  | Disqus 

 

Close

Gain/Loss

On Week

Gold

$1178.00

-$4.80

-0.05%

Silver

$16.16

+$0.04

+2.80%

XAU

73.18

+0.44%

+4.62%

HUI

179.90

-0.04%

3.52%

GDM

561.88

+0.42%

+4.16%

JSE Gold

1352.61

-8.37

+4.20%

USD

95.16

+0.40

-1.82%

Euro

112.15

-0.05

+3.23%

Yen

83.23

-0.41

-1.02%

Oil

$59.15

-$0.48

+3.50%

10-Year

2.117%

+0.071

+10.43%

Bond

157.75

-1.84375

-3.03%

Dow

18024.06

+1.03%

-0.31%

Nasdaq

5005.39

+1.29%

-1.70%

S&P

2108.29

+1.09%

-0.44%

 
 

 

The Metals:

 

Gold edged up to $1183.70 in Asia before it fell back to $1170.79 by midday in New York and then bounced back higher into the close, but it still ended with a loss of 0.41%.  Silver slipped to as low as $15.949 by late morning in New York, but it then rallied back higher in the last five hours of trade and ended with a gain of 0.25%.

 

Euro gold fell to about €1051, platinum lost $13 to $1127, and copper climbed 5 cents to about $2.93.

 

Gold and silver equities waffled near unchanged and ended mixed.

 

The Economy:

 

Report

For

Reading

Expected

Previous

ISM Index

Apr

51.5

51.9

51.5

Construction Spending

Mar

-0.6%

0.4%

0.1%

Michigan Sentiment

Apr

95.9

96.0

95.9

 

All of this week’s other economic reports:

 

Chicago PMI - April

52.3 v. 46.3

 

Employment Cost Index - Q1

0.7% v. 0.5%

 

Personal Income - March

0.0% v. 0.4%

 

Personal Spending - March

0.0% v. 0.4%

 

PCE Prices - Core - March

0.1% v. 0.1%

 

Initial Claims - 4/25

262K v. 296K

 

Pending Home Sales - March

1.1% v. 3.6%

 

GDP - Q1

0.2% v. 2.2%

 

Chain Deflator - Q1

-0.1% v. 0.1%

 

Consumer Confidence - April

95.2 v. 101.3

 

Case-Shiller 20-city Index - February

5.0% v. 4.5%

 

Next week’s economic highlights include Factory Orders on Monday, the Trade Balance and ISM Services on Tuesday, ADP Employment, Productivity, and Unit Labor Costs on Wednesday, Initial Jobless Claims and Consumer Credit on Thursday, and April’s jobs data and Wholesale Inventories on Friday.

 

The Markets:

 

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

 

Oil fell “after Iraq said its crude oil exports hit a record in April.”

 

The U.S. dollar index rose and treasuries fell on mixed economic data and earnings reports that sent the Dow, Nasdaq, and S&P higher.

 

Among the big names making news in the market Friday were Lumber Liquidators, Chevron, Fiat Chrysler, Tesla, Verizon, and Lloyds.

 

GATA Posts:

 

 

CME Group suspends two gold traders for 60 days for spoofing

 

The Statistics:

Activity from: 4/30/2015

Gold Warehouse Stocks:

7,795,755.174

+6,748.273

Silver Warehouse Stocks:

174,680,121.139

+299,390.73

 

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

739.363

23,771,269

US$27,942m

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$5,213m

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$5,754m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$422m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

28.67

921,749

US$

Note: Change in Total Tonnes from yesterday’s data: SPDR added 0.298 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 165.58: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,191.78: No change from yesterday’s data.

 

The Miners:

 

Barrick’s (ABX) new head of business performance, Eldorado’s (EGO) election of its Board of Directors, Turquoise Hill’s (TRQ) expired agreement, and Santacruz Silver’s (SCZ.V) fourth quarter results were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1.  Agnico Eagle

AEM +4.72% $31.73

2.  Franco-Nevada

ANV +2.97%$53.37

3.  First Majestic

AG +2.87% $5.01

 

LOSERS

1.  Rubicon

RBY -3.64% $1.06

2.  Gold Fields

GFI -3.50% $4.41

3.  Sandstorm

SAND -2.79% $3.46

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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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, 1 May 2015 | E-Mail  | Print  | Source: GoldSeek.com

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