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Gold Seeker Weekly Wrap-Up: Gold and Silver End Slightly Lower on the Week
By: Chris Mullen

 -- Published: Friday, 27 November 2015 | Print  | Disqus 

 

Close

Gain/Loss

On Week

Gold

$1058.60

-$12.00

-1.73%

Silver

$14.10

-$0.09

-0.56%

XAU

44.91

-2.28%

+0.31%

HUI

107.48

-2.56%

+0.25%

GDM

372.18

-2.00%

-0.01%

JSE Gold

883.70

-15.98

-2.14%

USD

100.02

+0.23

+0.41%

Euro

106.02

-0.20

-0.40%

Yen

81.43

-0.05

+0.07%

Oil

$41.92

-$1.12

+0.05%

10-Year

2.225%

-0.007

-1.64%

Bond

155.28125

-0.28125

+0.55%

Dow

17798.49

-0.08%

-0.14%

Nasdaq

5127.52

+0.22%

+0.44%

S&P

2090.11

+0.06%

+0.04%

 
 

 

The Metals:

 

Gold dropped $16.54 to $1054.06 by about 9AM EST before it bounced back higher, but it still ended with a loss of 1.03%.  Silver slipped to as low as $13.984 and ended with a loss of 0.63%.

 

Euro gold fell to about €997, platinum lost $15 to $833, and copper fell a few cents to about $2.06.

 

Gold and silver equities dropped about 2% by midmorning and remained near that level for the rest of the day.

 

The Economy:

 

All of this week’s economic reports:

 

New Home Sales - October

495K v. 447K

 

Michigan Sentiment - November

91.3 v. 93.1

 

FHFA Housing Price Index - September

0.8% v. 0.3%

 

Durable Goods - October

3.0% v. -0.8%

 

Durable Goods -ex trans. - October

0.5% v. -0.1%

 

Personal Income - October

0.4% v. 0.2%

 

Personal Spending - October

0.1% v. 0.1%

 

PCE Prices - Core - October

0.0% v. 0.2%

 

Initial Claims - 11/21

260K v. 272K

 

Consumer Confidence - November

90.4 v. 99.1

 

Case-Shiller 20-city Index - September

5.5% v. 5.1%

 

GDP - Q3

2.1% v. 1.5%

 

GDP Deflator - Q3

1.3% v. 1.3%

 

Existing Home Sales - October

5.36M v. 5.55M

 

Next week’s economic highlights include Chicago PMI and Pending Home Sales on Monday, Construction Spending and the ISM Index on Tuesday, ADP Employment, Productivity, and the fed’s Beige Book on Wednesday, Initial Jobless Claims, Factory Orders, and ISM Services on Thursday, and November’s jobs data and the Trade Balance on Friday.

 

The Markets:

 

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

 

Oil fell as the U.S. dollar index rose and treasuries held near unchanged while the Dow, Nasdaq, and S&P traded mostly higher in holiday thinned trade.

 

Among the big names making news in the market Friday were VW, Toyota, Tesla, BTG, and Disney.

 

GATA Posts:

 

 

Perth Mint to collaborate with Australian Securities Exchange

LBMA reports strong interest in making London gold market more transparent

 

The Statistics:

As of close of business: 11/24/2015

Gold Warehouse Stocks:

6,438,374.709

-96.45

Silver Warehouse Stocks:

158,390,980.882

-1,484,797.24

 

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

655.692

21,081,144

US$22,508m

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$4,697m

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$5,192m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$380m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

30.43

978,366

US$1,035m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 159.52: -0.75 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,897.43: No change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Nevsun

NSU +2.22% $2.76

2.  Tahoe

TAHO +0.45% $8.91

3.  Alamos

AGI +0.34% $2.99

 

LOSERS

1.  DRDGOLD

DRD -6.79% $1.51

2.  Endeavour Silver

EXK -5.48% $1.38

3.  AngloGold

AU -4.71% $6.27

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, 27 November 2015 | E-Mail  | Print  | Source: GoldSeek.com

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