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

 -- Published: Friday, 18 September 2015 | Print  | Disqus 

 

Close

Gain/Loss

On Week

Gold

$1139.60

+$8.30

+2.86%

Silver

$15.15

+$0.04

+3.55%

XAU

48.67

+0.43%

+8.08%

HUI

116.11

+1.35%

+8.27%

GDM

399.28

+1.98%

+9.78%

JSE Gold

982.64

+34.62

+9.08%

USD

95.30

+0.90

+0.15%

Euro

112.92

-1.40

-0.39%

Yen

83.36

+0.06

+0.52%

Oil

$44.45

-$2.45

-0.38%

10-Year

2.130%

-0.087

-2.43%

Bond

157.25

+2.6875

+0.62%

Dow

16384.79

-1.74%

-0.29%

Nasdaq

4827.22

-1.36%

+0.10%

S&P

1958.08

-1.61%

-0.15%

 
 

 

The Metals:

 

Gold gained $10.17 to $1141.47 in early New York trade before it edged back lower at times, but it still ended with a gain of 0.73%.  Silver rose to as high as $15.43 and ended with a gain of 0.26%.

 

Euro gold rose to about €1010, platinum lost $3 to $978, and copper fell 9 cents to about $2.38.

 

Gold and silver equities traded mostly higher and ended with about 1% gains.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Leading Indicators

Aug

0.1%

0.2%

0.0%

 

Central banks fret stimulus efforts are falling short Reuters

 

All of this week’s other economic reports:

 

Philadelphia Fed - September

-6.0 v. 8.3

 

Current Account Balance - Q2

-$109.7B v. -$118.3B

 

Building Permits - August

1170K v. 1130K

 

Housing Starts - August

1126K v. 1161K

 

Initial Claims - 9/12

264K v. 275K

 

NAHB Housing Market Index - September

62 v. 61

 

CPI - August

-0.1% v. 0.1%

 

Core CPI - August

0.1% v. 0.1%

 

Business Inventories - July

0.1% v. 0.7%

 

Capacity Utilization - August

77.6% v. 78.0%

 

Industrial Production - August

-0.4% v. 0.9%

 

Empire Manufacturing - September

-14.7 v. -14.9

 

Retail Sales - August

0.2% v. 0.7%

 

Retail Sales ex-auto - August

0.1% v. 0.6%

 

Next week’s economic highlights include Existing Home Sales on Monday, the FHFA Housing Price Index on Tuesday, Initial Jobless Claims, Durable Goods Orders, and New Home Sales on Thursday, and GDP and Michigan Sentiment on Friday.

 

The Markets:

 

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

 

Oil fell over 5%, the U.S. dollar index rebounded, and treasuries climbed markedly higher as the Dow, Nasdaq, and S&P dropped roughly 1.5% on worries about the global economy.

 

Among the big names making news in the market Friday were Volkswagen, Apple, Siemens, BofA, Jinjiang, Credit Suisse, and Altice.

 

GATA Posts:

 

 

Sardinia's privately created local currency endures after six years

Bill Holter: Bron Suchecki is a gentleman

Bron Suchecki: Chill out, gold dudes

Bank of England chief economist suggests negative interest rates and banning cash

Bitcoin is officially a commodity, according to U.S. regulator

 

The Statistics:

Activity from: 9/17/2015

Gold Warehouse Stocks:

6,877,744.997

-95.11

Silver Warehouse Stocks:

168,557,468.003

+1,022,239.365

 

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

678.183

21,804,252

US$24,884m

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$5,049m

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$5,583m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$409m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

27.80

893,937

US$999m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 159.30: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,981.57: No change from yesterday’s data.

 

The Miners:

 

Freeport’s (FCX) at-the-market offering of common stock, Newmont’s (NEM) export permit, and Silver Standard’s (SSRI) discovery were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1.  Kinross

KGC +9.47% $1.85

2.  Eldorado

EGO +4.97% $3.17

3.  IAMGOLD

IAG +4.68% $1.79

 

LOSERS

1.  Freeport

FCX -9.71% $10.88

2.  Coeur

CDE -4.88% $3.12

3.  Nevsun

NSU -2.98% $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

 

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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, 18 September 2015 | E-Mail  | Print  | Source: GoldSeek.com

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