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

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




On Week





















JSE Gold










































The Metals:


Gold climbed nearly $20 to $1070.62 by a little after 10AM EST before it chopped back lower, but it still ended with a gain of 1.45%.  Silver rose to as high as $14.20 and ended with a gain of 2.77%.


Euro gold rose to about €981, platinum gained $18.50 to $857.50, and copper climbed 6 cents to about $2.11.


Gold and silver equities rose about 4% by midday before they drifted back lower in the last couple of hours of trade, but they still ended with about 3% gains.


The Economy:



Fed to raise rates again in March, follow up with fewer hikes: poll  Reuters

U.S. House passes bill to fund government, export crude oil  Reuters


All of this week’s economic reports:


Leading Indicators - November

0.4% v. 0.6%


Current Account Balance - Q3

-$124.1B v. -$111.1B


Philadelphia Fed - December

-5.9 v. 1.9


Initial Claims - 12/12

271K v. 282K


FOMC Rate Decision - December

0.25% - 0.50%


Capacity Utilization - November

77.0% v. 77.5%


Industrial Production - November

-0.6% v. -0.4%


Housing Starts - November

1173K v. 1062K


Building Permits - November

1289K v. 1161K


Net Long-Term TIC Flows - October

$68.9B v. $33.6B


NAHB Builder Sentiment - December

61 v. 62


Empire Manufacturing - December

-4.6 v. -10.7


CPI - November

0.0% v. 0.2%


Core CPI - November

0.2% v. 0.2%


Next week’s economic highlights include GDP, the FHFA Housing Price Index, and Existing Home Sales on Tuesday, Durable Goods Orders, Core PCE Prices, Personal Income and Spending, Michigan Sentiment, and New Home Sales on Wednesday, and Initial Jobless Claims on Thursday.


The Markets:


Charts Courtesy of


Oil fell to a new 6-year low on a rising rig count.


The U.S. dollar index dropped as the yen rose after the Bank of Japan surprisingly announced a new round of easing measures.


Treasuries climbed higher as the Dow, Nasdaq, and S&P fell markedly on continued worries about global growth.


Among the big names making news in the market Friday were JPMorgan, Abercrombie, Blackstone, Carnival, Ionis, MBIA, and BlackBerry.


GATA Posts:



Hugo Salinas Price: Is Bloomberg hiding something?


The Statistics:

Activity from: 12/17/2015

Gold Warehouse Stocks:



Silver Warehouse Stocks:




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




London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities




London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold




Australian Stock Exchange (ASX)

Gold Bullion Securities




Johannesburg Securities Exchange (JSE)

New Gold Debentures




Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 4.464 tonnes.


COMEX Gold Trust (IAU) Total Tonnes in Trust: 155.87: No change from yesterday’s data.


Silver Trust (SLV) Total Tonnes in Trust: 10,062.27: No change from yesterday’s data.


The Miners:


Aurcana’s (AUN.V) restructuring transaction and Golden Mineral’s (AUMN) financial and meeting updates were among the big stories in the gold and silver mining industry making headlines Friday.



1.  Primero

PPP +9.22% $2.02

2.  Eldorado

EGO +7.04% $3.01

3.  NovaGold

NG +6.78% $4.25



1.  Buenaventura

BVN -2.88% $4.02

2.  Fortuna

FSM -0.88% $2.11

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 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. 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’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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