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Gold Seeker Weekly Wrap-Up: Gold and Silver End Near Unchanged on the Week
By: Chris Mullen, Gold-Seeker.com

 -- Published: Friday, 25 September 2015 | Print  | Disqus 

 

Close

Gain/Loss

On Week

Gold

$1146.60

-$6.30

+0.61%

Silver

$15.08

-$0.05

-0.46%

XAU

47.27

-1.27%

-2.88%

HUI

111.37

-1.37%

-4.08%

GDM

387.18

-0.94%

-3.03%

JSE Gold

970.28

+23.50

-1.26%

USD

96.16

+0.21

+0.90%

Euro

112.06

+0.11

-0.76%

Yen

83.00

-0.18

-0.43%

Oil

$45.70

+$0.79

+2.81%

10-Year

2.168%

+0.048

+1.78%

Bond

155.3125

-1.9375

-1.23%

Dow

16314.67

+0.70%

-0.43%

Nasdaq

4686.49

-1.01%

-2.92%

S&P

1931.34

-0.05%

-1.37%

 
 

 

The Metals:

 

Gold fell $11.97 to $1140.93 in late Asian trade before it bounced back higher in early New York trade, but it still ended with a loss of 0.55%. Silver jumped up to $15.199 at one point, but it then fell back off in late morning New York trade and ended with a loss of 0.33%.

 

Euro gold fell to about €1023, platinum lost $7 to $945, and copper fell a few cents to about $2.28.

 

Gold and silver equities fell about 2% at the open, but they then bounced back higher for most of the rest of trade and ended with only minor losses.

 

The Economy:

 

Report

For

Reading

Expected

Previous

GDP

Q2

3.9%

3.7%

3.7%

GDP Deflator

Q2

2.1%

2.1%

2.1%

Michigan Sentiment

Sep

87.2

87.0

85.7

 

All of this week’s other economic reports:

 

New Home Sales - August

552K v. 522K

 

Durable Goods - August

-2.0% v. 1.9%

 

Durable Goods -ex trans. - August

0.0% v. 0.4%s

 

Initial Claims - 9/19

267K v. 264K

 

FHFA Housing Price Index - July

0.6% v. 0.2%

 

Existing Home Sales - August

5.31M v. 5.58M

 

Next week’s economic highlights include Personal Income and Spending, Core PCE Prices, and Pending Home Sales on Monday, the Case-Shiller 20-city Index and Consumer Confidence on Tuesday, APD Employment and Chicago PMI on Wednesday, Initial Jobless Claims, the ISM Index, and Construction Spending on Thursday, and September’s jobs data and Factory Orders on Friday.

 

The Markets:

 

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

 

Oil rose along with the U.S. dollar index on decent economic data that sent treasuries lower and the Dow, Nasdaq, and S&P higher for most of trade, but stock then fell back off in the last couple of hours of the day and ended mixed.

 

Among the big names making news in the market Friday were Apple, Volkswagen, Albertsons, and Google.

 

GATA Posts:

 

 

King Report: Central planners fear their liquidity moving into gold

Fed's Yellen gets medical attention after struggling with speech

The Philippines -- another rich country insisting on being poor

Dave Kranzler: The gold supply on the LBMA is extremely tight

Pat Heller: What is the risk that delayed physical silver deliveries could default?

Mistaken for Bundesbank, Deutsche Bank saved on funding costs

Chris Giles: In cash we trust -- abolish it and you invite tyranny

 

The Statistics:

Activity from: 9/24/2015

Gold Warehouse Stocks:

6,856,672.015

-

Silver Warehouse Stocks:

167,447,698.823

+825,199.40

 

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

680.268

21,871,292

US$25,244m

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$5,086m

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$5,615m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$411m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

27.80

893,937

US$999m

Note: Change in Total Tonnes from yesterday’s data: SPDR added 3.873 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 159.81: +0.51 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,898.48: -29.68 change from yesterday’s data.

 

The Miners:

 

Exeter's (XRA) Denver Gold Show Presentation and Eldorado’s (EGO) meeting with Greece were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1.  DRDGOLD

DRD +6.30% $1.35

2.  Yamana

AUY +3.53% $1.76

3.  Paramount

PZG +1.97% $1.22

 

LOSERS

1.  B2Gold

BTG -5.93% $1.11

2.  Coeur

CDE -5.45% $2.95

3.  Alamos

AGI -5.01% $3.98

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

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