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Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 3% and 6% on the Week
By: Chris Mullen, Gold-Seeker.com

 -- Published: Friday, 15 May 2015 | Print  | Disqus 

 

Close

Gain/Loss

On Week

Gold

$1224.90

+$3.10

+3.06%

Silver

$17.53

+$0.10

+6.37%

XAU

75.12

-0.32%

+3.67%

HUI

181.26

-0.56%

+2.99%

GDM

574.42

-0.45%

+3.84%

JSE Gold

1211.65

+28.26

-0.27%

USD

93.25

-0.14

-1.60%

Euro

114.44

+0.30

+2.14%

Yen

83.80

-0.11

+0.34%

Oil

$59.69

-$0.19

+0.51%

10-Year

2.141%

-0.098

-0.42%

Bond

155.50

+2.50

-0.46%

Dow

18272.56

+0.11%

+0.45%

Nasdaq

5048.29

-0.05%

+0.89%

S&P

2122.73

+0.08%

+0.31%

 
 

 

The Metals:

 

Gold dipped $9.35 to $1212.45 in London, but it then climbed to as high as $1225.91 in New York and ended with a gain of 0.25%.  Silver rose to as high $17.574 and ended with a gain of 0.57%.

 

Euro gold fell to about €1070, platinum gained $8 to $1164 and copper remained at about $2.93.

 

Gold and silver equities ended slightly lower in mixed trade.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Empire Manufacturing

May

3.1

4.5

-1.2

Industrial Production

April

-0.3%

0.1%

-0.3%

Capacity Utilization

April

78.2%

78.4%

78.6%

Michigan Sentiment

May

88.6

96.0

95.9

Net Long-Term TIC Flows

Mar

$17.6B

-

$9.8B

 

All of this week’s other economic reports:

 

PPI - April

-0.4% v. 0.2%

 

Core PPI - April

-0.2% v. 0.2%

 

Initial Claims - 5/09

264K v. 265K

 

Business Inventories - March

0.1% v. 0.2%

 

Import Prices - April

-0.3% v. -0.2%

 

Import Prices ex-oil - April

-0.4% v. -0.4%

 

Export Prices - April

-0.7% v. 0.1%

 

Export Prices ex-ag. - April

-0.7% v. 0.2%

 

Retail Sales -April

0.0% v. 1.1%

 

Retail Sales ex-auto -April

0.1% v. 0.7%

 

Treasury Budget - April

$157.0B v. $106.9B

 

Next week’s economic highlights include the NAHB Housing Market Index on Monday, Housing Starts and Building Permits on Tuesday, FOMC Minutes on Wednesday, Initial Jobless Claims, Existing Home Sales, the Philadelphia Fed, and Leading Economic Indicators on Thursday, and CPI on Friday.

 

The Markets:

 

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

 

Oil fell along with the U.S. dollar index on more poor economic data that sent treasuries higher.

 

The Dow, Nasdaq, and S&P waffled near unchanged as worries about the economy were offset by expectations for low interest rates.

 

Among the big names making news in the market Friday were Toyota, Google, and Netflix.

 

GATA Posts:

 

 

On GoldSeek Radio, London trader Maguire describes efforts to expose metals market rigging

India's gold imports top 100 tons for second straight month

 

The Statistics:

Activity from: 5/14/2015

Gold Warehouse Stocks:

7,788,444.895

+3,517.75

Silver Warehouse Stocks:

177,485,228.980

-93,018.791

 

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

723.911

23,274,469

US$28,400m

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$5,428m

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$6,000m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$440m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

28.66

921,598

US$1,125m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 4.414 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 166.14: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,976.46: -89.2 change from yesterday’s data.

 

The Miners:

 

Almaden’s (AAU) proposed spin-out, B2Gold’s (BTG) first quarter results, and Aurcana’s (AUN.V) first quarter results were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1.  Gold Resource

GORO +4.88% $3.44

2.  DRDGOLD

DRD +2.66% $1.93

3.  SilverCrest

SVLC +2.62% $1.17

 

LOSERS

1.  AngloGold

AU -3.51% $10.98

2.  Rubicon

RBY -2.61% $1.12

3.  Richmont

RIC -1.47% $3.34

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

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