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

 -- Published: Friday, 2 October 2015 | Print  | Disqus 

 

Close

Gain/Loss

On Week

Gold

$1137.30

+$23.00

-0.81%

Silver

$15.24

+$0.68

+1.06%

XAU

49.02

+8.48%

+3.70%

HUI

114.69

+8.32%

+2.98%

GDM

397.41

+6.93%

+2.64%

JSE Gold

986.16

+29.00

+1.64%

USD

95.96

-0.21

-0.21%

Euro

112.12

+0.20

+0.05%

Yen

83.33

-0.06

+0.40%

Oil

$45.54

+$0.80

-0.35%

10-Year

1.989%

-0.053

-8.26%

Bond

158.9375

+1.125

+2.33%

Dow

16472.37

+1.23%

+0.97%

Nasdaq

4707.77

+1.74%

+0.45%

S&P

1951.36

+1.43%

+1.04%

 
 

 

The Metals:

 

Gold jumped up to as high as $1141.02 by midmorning in New York before it drifted back lower at times, but it still ended with a gain of 2.06%.  Silver surged to as high as $15.309 and ended with a gain of 4.67%.

 

Euro gold rose to about €1015, platinum gained $6 to $907, and copper climbed a few cents to about $2.33.

 

Gold and silver equities rose throughout most of trade and ended with about 8% gains.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Nonfarm Payrolls

Sep

142K

205K

136K

Unemployment Rate

Sep

5.1%

5.1%

5.1%

Hourly Earnings

Sep

0.0%

0.2%

0.4%

Average Workweek

Sep

34.5

34.5

34.6

Factory Orders

Aug

-1.7%

-1.0%

0.2%

 

The BLS net birth/death adjustment subtracted 34,000 payrolls from September’s data.  Private Payrolls rose 118,000.

 

All of this week’s other economic reports:

 

Construction Spending - August

0.7% v. 0.4%

 

ISM Index - September

50.2 v. 51.1

 

Initial Claims - 9/26

277K v. 267K

 

Chicago PMI - September

48.7 v. 54.4

 

ADP Employment - September

200K v. 186K

 

Case-Shiller 20-city Index - July

5.0% v. 4.9%

 

Pending Home Sales - August

-1.4% v. 0.5%

 

Personal Income - August

0.3% v. 0.5%

 

Personal Spending - August

0.4% v. 0.4%

 

PCE Prices - Core - August

0.1% v. 0.1%

 

Next week’s economic highlights include ISM Services on Monday, the Trade Balance on Tuesday, Consumer Credit on Wednesday, Initial Jobless Claims and FOMC Minutes on Thursday, and Export and Import Prices and Wholesale Inventories on Friday.

 

The Markets:

 

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

 

Oil rose after the release of a report showing a weekly drop in the number of active U.S. rigs drilling for oil.

 

The U.S. dollar index fell and treasuries rose as the Dow, Nasdaq, and S&P traded mixed in reaction to this morning’s disappointing jobs data.

 

Among the big names making news in the market today were Nissan, Wal-Mart, Target, Goldman Sachs, National Bank, and Volkswagen.

 

GATA Posts:

 

 

JPMorgan said to pay most in $1.86 billion swaps market rig settlement

Brien Lundin: Koos Jansen is the best authority on Chinese gold demand

Bron Suchecki: Yet another precious metal manipulation investigation

 

The Statistics:

Activity from: 10/1/2015

Gold Warehouse Stocks:

6,850,580.604

-

Silver Warehouse Stocks:

163,908,360.300

-344,329.58

 

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

689.204

22,158,601

US$25,268m

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$5,058m

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$5,586m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$407m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

27.80

893,937

US$999m

Note: Change in Total Tonnes from yesterday’s data: SPDR added 1.787 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 160.65: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,907.38: No change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  First Majestic

AG +14.74% $3.58

2.  Coeur

CDE +13.09% $3.11

3.  Tahoe

TAHO +12.87% $8.68

 

No “losers” today.

 

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, 2 October 2015 | E-Mail  | Print  | Source: GoldSeek.com

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