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Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Almost 1% on the Week
By: Chris Mullen, Gold-Seeker.com

 -- Published: Friday, 23 October 2015 | Print  | Disqus 

 

Close

Gain/Loss

On Week

Gold

$1164.60

-$1.70

-0.90%

Silver

$15.86

+$0.02

-0.94%

XAU

56.30

+2.59%

+0.50%

HUI

135.95

+3.12%

+1.36%

GDM

455.47

+2.40%

+0.18%

JSE Gold

1076.02

+20.55

-4.46%

USD

97.10

+0.73

+2.55%

Euro

110.10

-0.98

-3.06%

Yen

82.37

-0.48

-1.59%

Oil

$44.60

-$0.78

-5.63%

10-Year

2.083%

+0.058

+2.97%

Bond

157.09375

-1.34375

-1.02%

Dow

17646.70

+0.90%

+2.50%

Nasdaq

5031.86

+2.27%

+2.97%

S&P

2075.15

+1.10%

+2.07%

 
 

 

The Metals:

 

Gold gained $13.11 to $1179.41 at about 8AM EST before it fell back to $1159.15 in the next couple of hours of trade, but it then rallied back higher into the close and ended with a loss of just 0.15%.  Silver rose to $16.087 before it dropped back to $15.719, but it then bounced back higher and ended with a gain of 0.13%.

 

Euro gold rose to about €1058, platinum lost $10 to $998, and copper fell a few cents to about $2.35.

 

Gold and silver equities climbed steadily higher throughout most of trade and ended with about 3% gains.

 

The Economy:

 

All of this week’s economic reports:

 

Leading Indicators - September

-0.2% v. 0.0%

 

Existing Home Sales - September

5.55M v. 5.30M

 

FHFA Housing Price Index - August

0.3% v. 0.5%

 

Initial Claims - 10/17

259K v. 256K

 

Building Permits - September

1103K v. 1161K

 

Housing Starts - September

1206K v. 1132K

 

NAHB Housing Market Index - October

64 v. 61

 

Next week’s economic highlights include New Home Sales Monday, Durable Goods Orders, the Case-Shiller 20 city Index, and Consumer Confidence on Tuesday, a FOMC Rate Decision on Wednesday, Initial Jobless Claims, GDP, and Pending Home Sales on Thursday, and Personal Income and Spending, Core PCE Prices, the Employment Cost Index, Chicago PMI, and Michigan Sentiment on Friday.

 

The Markets:

 

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

 

Oil fell almost 2% as the U.S. dollar index rose again “after the People’s Bank of China added to a climate of global monetary easing by cutting its two key interest rates.”

 

Treasuries fell as the Dow, Nasdaq, and S&P rose roughly 1% on China’s rate cut.

 

Among the big names making news in the market Friday were Microsoft, Caterpillar, Pandora, and Facebook.

 

GATA Posts:

 

 

Museum of American Finance in New York City will open gold exhibition Nov. 19

 

The Statistics:

Activity from: 10/22/2015

Gold Warehouse Stocks:

6,704,069.559

-

Silver Warehouse Stocks:

162,318,644.038

-52,390.47

 

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

697.322

22,419,597

US$26,028m

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$5,161m

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$5,703m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$418m

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: 162.83: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,814.20: No change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Seabridge

SA +12.36% $8.91

2.  Alamos

AGI +6.59% $4.53

3.  New Gold

NGD +5.73% $2.95

 

LOSERS

1.  Paramount

PZG -3.23% $1.16

2.  Agnico Eagle

AEM -0.10% $29.06

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

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