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Gold Seeker Weekly Wrap-Up: Gold and Silver Gain About 1% and 2% on the Week
By: Chris Mullen, Gold-Seeker.com

 -- Published: Thursday, 24 December 2015 | Print  | Disqus 

 

Close

Gain/Loss

On Week

Gold

$1076.70

+$7.10

+1.01%

Silver

$14.36

+$0.05

+1.84%

XAU

47.80

+2.33%

+7.34%

HUI

116.74

+2.58%

+6.86%

GDM

396.58

+2.09%

+5.46%

JSE Gold

1117.40

+15.40

+9.58%

USD

97.99

-0.31

-0.72%

Euro

109.55

+0.40

+0.79%

Yen

83.14

+0.42

+0.82%

Oil

$37.94

+$0.44

+9.24%

10-Year

2.243%

-0.021

+2.00%

Bond

155.00

+0.75

-1.82%

Dow

17552.17

-0.29%

+2.47%

Nasdaq

5048.49

+0.05%

+2.55%

S&P

2060.99

-0.16%

+2.77%

 
 

 

The Metals:

 

Gold climbed to as high as $1076.85 by early afternoon in New York before it edged back lower, but it still ended with a gain of 0.66%.  Silver rose to as high as $14.396 and ended with a gain of 0.35%.

 

Euro gold rose to about €983, platinum gained $16 to $882, and copper remained at about $2.13.

 

Gold and silver equities rose over 2% by midday and remained near that level for the rest of trade.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Initial Claims

12/19

267K

271K

272K

 

Unconverted: Contrarian economist unswayed by Fed's liftoff Reuters

Consumer Comfort in U.S. Rises to Highest in Almost Two Months Bloomberg

 

All of this week’s other economic reports:

 

Michigan Sentiment - December

92.6 v. 91.8

 

New Home Sales - November

490K v. 470K

 

Durable Goods - November

0.0% v. 2.9%

 

Durable Goods -ex trans. - November

-0.1% v. 0.5%

 

Personal Income - November

0.3% v. 0.4%

 

Personal Spending - November

0.3% v. 0.0%

 

PCE Prices - Core - November

0.1% v. 0.0%

 

Existing Home Sales - November

4.76M v. 5.32M

 

FHFA Housing Price Index - October

0.5% v. 0.7%

 

GDP - Q3

2.0% v. 2.1%

 

GDP Deflator - Q3

1.3% v. 1.3%

 

Next week’s economic highlights include the Case-Shiller 20-city Index and Consumer Confidence on Tuesday, Pending Home Sales on Wednesday, and Initial Jobless Claims and Chicago PMI on Thursday.

 

The Markets:

 

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

 

Oil added onto yesterday’s supply driven gains.

 

The U.S. dollar index fell and treasuries rose as the Dow, Nasdaq, and S&P traded mixed in holiday thinned trade.

 

Among the big names making news in the market Friday were Anglo American, PetroChina, MBIA, SAC Capital, KaloBios, and DraftKings.

 

GATA Posts:

 

 

GATA's Ed Steer to speak at Vancouver Resource Investment Conference

George Gilder indicts central banking, sees gold as the money of the future

 

The Statistics:

As of close of business: 12/22/2015

Gold Warehouse Stocks:

6,400,831.025

+4,000.00

Silver Warehouse Stocks:

159,663,409.936

-136,703.919

 

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

645.939

20,767,584

US$22,255m

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$4,765m

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$5,263m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$386m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

29.17

937,911

US$1,010m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 154.32: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,962.97: -25.20 change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  New Gold

NGD +7.56% $2.42

2.  First Majestic

AG +6.14% $3.63

3.  Silver Standard

SSRI +5.66% $5.41

 

LOSERS

1.  Turquoise

TRQ -2.66% $2.56

2.  Sandstorm

SAND -0.36% $2.74

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: Thursday, 24 December 2015 | E-Mail  | Print  | Source: GoldSeek.com

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