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Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Almost 2% and 4% on the Week
By: Chris Mullen, Gold-Seeker.com

 -- Published: Thursday, 31 December 2015 | Print  | Disqus 

 

Close

Gain/Loss

On Week

Gold

$1060.10

-$0.20

-1.54%

Silver

$13.81

-$0.04

-3.83%

XAU

45.29

+0.22%

-5.25%

HUI

111.18

+0.38%

-4.76%

GDM

381.83

+0.19%

-3.72%

JSE Gold

1057.31

-13.32

-5.38%

USD

98.63

+0.40

+0.65%

Euro

108.65

-0.65

-0.82%

Yen

83.12

+0.14

-0.02%

Oil

$37.04

+$0.44

-2.37%

10-Year

2.269%

-0.034

+1.16%

Bond

153.59375

+0.34375

-0.91%

Dow

17425.03

-1.02%

-0.72%

Nasdaq

5007.41

-1.15%

-0.81%

S&P

2043.94

-0.94%

-0.83%

 
 

 

The Metals:

 

Gold edged up to $1063.45 in Asia before it dropped back to $1058.62 in London, but it then bounced back higher in New York and ended with a loss of just 0.02%.  Silver slipped to as low as $13.798 and ended with a loss of 0.29%.

 

Euro gold rose to about €976, platinum gained $19 to $887, and copper fell slightly to about $2.14.

 

Gold and silver equities waffled near unchanged and ended slightly higher.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Initial Claims

12/26

287K

270K

267K

Chicago PMI

Dec

42.9

50.1

48.7

 

U.S. 30-Year Mortgage Rate Tops 4% for First Time Since July  Bloomberg

 

All of this week’s other economic reports:

 

Pending Home Sales - November

-0.9% v. 0.4%

 

Consumer Confidence - December

96.5 v. 92.6

 

Case-Shiller 20-city Index - October

5.5% v. 5.5%

 

Next week’s economic highlights include Construction Spending and the ISM Index on Monday, ADP Employment, the Trade Balance, Factory Orders, and ISM Services on Wednesday, Initial Jobless Claims on Thursday, and December’s jobs data, Wholesale Inventories, and Consumer Credit on Friday.

 

The Markets:

 

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

 

Oil bounced back from yesterday’s losses, but it still ended over 30% lower on the year.

 

The U.S. dollar index added onto this year’s 9% gains.

 

Treasuries rose as the Dow, Nasdaq, and S&P dropped about 1% on weakness in tech.

 

Among the big names making news in the market Friday were Apple, American Airlines, and Facebook.

 

GATA Posts:

 

 

Bix Weir: 17 requirements for a freely traded silver market structure

GoldMoney introduces payment system

'The Silver Manifesto' documents manipulation of gold and silver markets

Gold-backed digital currency ditches the blockchain

World Gold Council wants to create standard to avoid Islamic finance disputes

The final days of the Bitcoin Foundation?

 

The Statistics:

Activity from: 12/30/2015

Gold Warehouse Stocks:

6,352,528.893

-

Silver Warehouse Stocks:

160,671,058.734

+871,293.132

 

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

643.558

20,691,044

US$21,971m

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$4,708m

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$5,206m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$380m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

29.17

937,839

US$1,001m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 153.21: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,918.52: No change from yesterday’s data.

 

The Miners:

 

Banro’s (BAA) financing and Comstock’s (LODE) drift update were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1.  Coeur

CDE +2.48% $2.48

2.  Sandstorm

SAND +2.33% $2.63

3.  Endeavour Silver

EXK +2.16% $1.42

 

LOSERS

1.  McEwen

MUX -3.64% $1.06

2.  Gold Resource

GORO-1.78% $1.66

3.  IAMGOLD

IAG -1.39% $1.42

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

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