Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Hyperinflation in Zimbabwe – It’s back, but maybe not for long
By: JP Koning

Gold Versus Bitcoin: The Pro-Gold Argument Takes Shape
By: John Rubino

Gold's Interesting Day
By: Rick Ackerman

Asian Metals Market Update: November-20-2017
By: Chintan Karnani, Insignia Consultants

GoldSeek.com Radio: John Williams and Louis Navellier, and your host Chris Waltzek
By: radio.GoldSeek.com

Gold Market Update
By: Clive Maund

Technical Scoop - Weekend Update Nov 19
By: David Chapman

Zero Hedge invites Financial Times to heed GATA's urging on gold suppression
By: Chris Powell

The Great Retirement Con
By: Adam Taggart

Perspective on the Gold/Oil Ratio, Macro Fundamentals and a Gold Sector Bottom
By: Gary Tanashian

 
Search

GoldSeek Web

 
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Over 1% and 2% on the Week
By: Chris Mullen, Gold-Seeker.com

 -- Published: Friday, 29 May 2015 | Print  | Disqus 

 

Close

Gain/Loss

On Week

Gold

$1189.70

+$1.20

-1.43%

Silver

$16.73

+$0.03

-2.16%

XAU

69.70

-0.17%

-2.18%

HUI

166.82

-0.17%

-2.60%

GDM

542.92

+0.17%

-1.36%

JSE Gold

1110.61

+35.57

+0.36%

USD

96.92

-0.13

-0.32%

Euro

109.84

+0.21

-0.26%

Yen

80.56

-0.15

-2.08%

Oil

$60.30

+$2.62

+0.97%

10-Year

2.095%

-0.035

-5.42%

Bond

156.53125

+0.1875

+1.40%

Dow

18010.68

-0.64%

-1.21%

Nasdaq

5070.02

-0.55%

-0.38%

S&P

2107.39

-0.63%

-0.88%

 
 

 

The Metals:

 

Gold dipped $3.21 to $1185.29 by a little after 8AM EST before it bounced back to $1193.22 in the next couple of hours of trade and then chopped back lower into midday, but it still ended with a gain of 0.1%. Silver rose to as high as $16.816 and ended with a gain of 0.18%.

 

Euro gold fell to about €1083, platinum lost $5 to $1108, and copper fell a few cents to about $2.74.

 

Gold and silver equities traded mostly slightly higher and ended mixed.

 

The Economy:

 

Report

For

Reading

Expected

Previous

GDP

Q1

-0.7%

-0.7%

0.2%

GDP Deflator

Q1

-0.1%

-0.1%

-0.1%

Chicago PMI

May

46.2

53.0

52.3

Michigan Sentiment

May

90.7

89.0

88.6

 

All of this week’s other economic reports:

 

Pending Home Sales - April

3.4% v. 1.2%

 

Initial Claims - 5/23

282K v. 275K

 

Consumer Confidence - May

95.4 v. 94.3

 

New Home Sales - April

517K v. 484K

 

FHFA Housing Price Index - March

0.3% v. 0.6%

 

Case-Shiller 20-city Index - March

5.0% v. 5.0%

 

Durable Goods - April

-0.5% v. 5.1%

 

Durable Goods -ex trans. - April

0.5% v. 0.6%

 

Next week’s economic highlights include Personal Income and Spending, Core PCE Prices, the ISM Index, and Construction Spending on Monday, Factory Orders on Tuesday, ADP Employment, the Trade Balance, ISM Services, and the fed’s Beige Book on Wednesday, Initial Jobless Claims, Productivity, and Unit Labor Costs on Thursday, and May’s jobs data and Consumer Credit on Friday.

 

The Markets:

 

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

 

Oil rose nearly 5% ahead of next week’s OPEC meeting.

 

The U.S. dollar index fell and treasuries rose on mostly disappointing economic data that sent the Dow, Nasdaq, and S&P lower.

 

Among the big names making news in the market Friday were Equinox, Evergrande, Hennessy, Altera, and Pimco.

 

GATA Posts:

 

 

Currency wars, gold pools, and Comex potential claims per deliverable ounce

U.S. Mint ends rationing of silver eagles -- but for how long?

Guardian: Austrian repatriation arises from fear of new Auric Goldfinger and Pussy Galore

 

The Statistics:

Activity from: 5/28/2015

Gold Warehouse Stocks:

7,871,520.915

-1,286.00

Silver Warehouse Stocks:

179,286,649.453

+570,838.21

 

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

715.857

23,015,506

US$27,410m

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$5,283m

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$5,834m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$427m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

28.37

912,270

US$1,087m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 166.60: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,862.00: No change from yesterday’s data.

 

The Miners:

 

Excellon’s (EXN.TO) Annual and Special Meeting results, Lake Shore’s (LSG) debt payment, Harmony’s (HMY) job cuts, and ITH’s (THM) AGM results were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1.  Pretivm

PVG +7.04% $5.93

2.  Harmony

HMY +4.96% $1.48

3.  MAG Silver

MVG +3.46% $7.48

 

LOSERS

1.  Endeavour Silver

EXK -4.37% $1.97

2.  SilverCrest

SVLC -2.83% $1.03

3.  Gold Resource

GORO-2.66% $2.93

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.

 


| Digg This Article
 -- Published: Friday, 29 May 2015 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.