-- Published: Friday, 14 August 2015 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1115.20 | UNCH | +2.12% |
Silver | $15.22 | -$0.19 | +3.05% |
XAU | 49.65 | -0.88% | +8.67% |
HUI | 116.38 | -1.18% | +8.38% |
GDM | 400.00 | -1.54% | +7.88% |
JSE Gold | 801.68 | -28.10 | +5.20% |
USD | 96.59 | +0.22 | -1.09% |
Euro | 111.11 | -0.42 | +1.40% |
Yen | 80.46 | +0.10 | -0.05% |
Oil | $42.50 | +$0.27 | -3.12% |
10-Year | 2.196% | +0.007 | +0.97% |
Bond | 158.00 | +0.09375 | -0.32% |
Dow | 17477.40 | +0.40% | +0.60% |
Nasdaq | 5048.23 | +0.29% | +0.09% |
S&P | 2091.54 | +0.39% | +0.67% |
The Metals:
Gold dipped $2.68 to $1112.52 in early Asian trade before it rallied back to $1121.00 in London and then fell to as low as $1111.84 in early afternoon New York trade, but it then rallied back higher in the last couple of hours of trade and ended unchanged on the day. Silver slipped to as low as $15.184 and ended with a loss of 1.23%.
Euro gold rose to about €1004, platinum remained at $988, and copper stayed at about $2.35.
Gold and silver equities waffled near unchanged and ended about 1% lower.
The Economy:
Report | For | Reading | Expected | Previous |
PPI | July | 0.2% | 0.1% | 0.4% |
Core PPI | July | 0.3% | 0.1% | 0.3% |
Industrial Production | July | 0.6% | 0.3% | 0.1% |
Capacity Utilization | July | 78.0% | 78.0% | 77.7% |
Michigan Sentiment | Aug | 92.9 | 93.7 | 93.1 |
All of this week’s other economic reports:
Next week’s economic highlights include Empire Manufacturing, the NAHB Housing Market Index, and Net Long-Term TIC Flows on Monday, Housing Starts and Building Permits on Tuesday, CPI and FOMC Minutes on Wednesday, and Initial Jobless Claims, Existing Home Sales, the Philadelphia Fed, and Leading Indicators on Thursday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil edged higher along with the U.S. dollar index on decent economic data and calm in China that sent and the Dow, Nasdaq, and S&P modestly higher. Treasuries ended with slight gains in mixed trade.
Among the big names making news in the market Friday were GE, Volkswagen, and Tesla.
GATA Posts:
Avery Goodman: The 'big long' gets bigger as Goldman, HSBC buy more gold
On Keiser Report, GoldMoney's Macleod argues for gold over bank credit
Biggest South African gold miners unions say wage talks 'collapse'
China reports another increase in gold reserves
'Trust the market,' Chinese central banker says after rigging it
The Statistics:
Activity from: 8/13/2015
Gold Warehouse Stocks: | 7,318,088.625 | -104,030.358 |
Silver Warehouse Stocks: | 172,637,075.405 | +530,898.493 |
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 | 671.867 | 21,601,191 | US$24,151m |
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$4,947m |
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$5,468m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$400m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 24.48 | 787,001 | US$880m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 161.02: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,107.64: No change from yesterday’s data.
The Miners:
Eurasian’s (EMXX) second quarter results, Lake Shore’s (LSG) acquired shares of IDM Mining, and Aurcana’s (AUN.V) second quarter results were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Coeur | CDE +3.36% $3.69 |
2. Eldorado | EGO +2.89% $3.92 |
3. Hecla | HL +0.93% $2.17 |
LOSERS
1. Buenaventura | BVN -5.56% $6.80 |
2. Primero | PPP -4.71% $2.83 |
3. Avino | ASM -4.31% $1.11 |
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, 14 August 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 2% and 3% on the Week
