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

 -- Published: Friday, 26 June 2015 | Print  | Disqus 

 

Close

Gain/Loss

On Week

Gold

$1174.10

+$1.00

-2.22%

Silver

$15.80

-$0.07

-1.92%

XAU

64.67

-0.66%

-2.97%

HUI

152.24

-0.22%

-2.60%

GDM

500.39

-0.65%

-2.96%

JSE Gold

1030.25

+17.34

-3.17%

USD

95.35

+0.16

+1.27%

Euro

111.73

-0.31

-1.69%

Yen

80.78

-0.10

-0.88%

Oil

$59.63

-$0.07

+0.03%

10-Year

2.476%

+0.083

+9.22%

Bond

147.71875

-1.84375

-3.93%

Dow

17947.02

+0.32%

-0.68%

Nasdaq

5080.50

-0.62%

-0.71%

S&P

2101.61

-0.03%

-0.40%

 
 

 

The Metals:

 

Gold climbed $5.20 to $1178.30 in late Asian trade before it fell back to $1168.71 in London, but it then bounced back higher in New York and ended with a gain of 0.09%.  Silver rose to as high as $15.918 and ended with a loss of 0.44%.

 

Euro gold rose to about €1051, platinum lost $2 to $1079, and copper climbed a few cents to about $2.65.

 

Gold and silver equities waffled near unchanged and ended slightly lower.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Michigan Sentiment

June

96.1

94.6

94.6

 

All of this week’s other economic reports:

 

PCE Prices - Core - May

0.1% v. 0.1%

 

Personal Spending - May

0.9% v. 0.1%

 

Personal Income - May

0.5% v. 0.5%

 

Initial Claims - 6/20

271K v. 268K

 

GDP - Q1

-0.2% v. -0.7%

 

GDP Deflator - Q1

0.0% v. -0.1%

 

New Home Sales - May

546K v. 534K

 

FHFA Housing Price Index - April

0.3% v. 0.3%

 

Durable Goods - May

-1.8% v. -1.5%

 

Durable Goods -ex trans. - May

0.5% v. -0.3%

 

Existing Home Sales - May

5.35M v. 5.09M

 

Next week’s economic highlights include Pending Home Sales on Monday, the Case-Shiller 20-city Index, Chicago PMI, and Consumer Confidence on Tuesday, ADP Employment, the ISM Index, and Construction Spending on Wednesday, and Initial Jobless Claims, June’s jobs data, and Factory Orders on Thursday.  Markets are closed on Friday in observance of Independence Day.

 

The Markets:

 

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

 

Oil pared early losses, the U.S. dollar index edged higher, and treasuries fell on better than expected sentiment data.

 

The Dow, Nasdaq, and S&P waffled near unchanged on mixed earnings reports and uncertainty about Greece.

 

Among the big names making news in the market Friday were FedEx, Nike, Rosneft, Suzuki, and Target.

 

GATA Posts:

 

 

Shanghai Gold Exchange in talks to list products on CME

Incrementum's 'In Gold We Trust' report for 2015 -- valuation anomalies galore

 

The Statistics:

Activity from: 6/25/2015

Gold Warehouse Stocks:

7,858,581.463

-38,147.09

Silver Warehouse Stocks:

182,869,895.231

+1,154.420.91

 

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

713.228

22,930,991

US$26,831m

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$5,208m

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$421m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

28.13

904,364

US$1,072m

Note: Change in Total Tonnes from yesterday’s data: SPDR added 6.858 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 167.79: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,236.66: +29.72 change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Gold Fields

GFI +2.84% $3.26

2.  Freeport

FCX +1.01% $19.94

3.  AngloGold

AU +1.00% $9.11

 

LOSERS

1.  DRDGOLD

DRD -4.21% $1.82

2.  First Majestic

AG -3.90% $4.93

3.  Gold Resource

GORO-3.78% $2.80

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, 26 June 2015 | E-Mail  | Print  | Source: GoldSeek.com

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