-- Published: Friday, 8 January 2016 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1102.50 | -$6.80 | +4.00% |
Silver | $13.93 | -$0.37 | +0.65% |
XAU | 47.09 | -2.83% | +3.97% |
HUI | 118.54 | -3.02% | +6.62% |
GDM | 402.63 | -2.30% | +5.45% |
JSE Gold | 1255.83 | -15.84 | +18.78% |
USD | 98.50 | +0.28 | -0.13% |
Euro | 109.22 | -0.10 | +0.52% |
Yen | 85.07 | +0.04 | +2.35% |
Oil | $33.16 | -$0.11 | -10.48% |
10-Year | 2.130% | -0.023 | -6.13% |
Bond | 156.59375 | +0.59375 | +1.95% |
Dow | 16346.45 | -1.02% | -6.19% |
Nasdaq | 4643.63 | -0.98% | -7.26% |
S&P | 1922.03 | -1.08% | -5.96% |
The Metals:
Gold dropped down to $1095.89 after the release of this morning’s jobs data before it bounced back to $1105.06 by late morning in New York and then drifted back lower again in early afternoon trade, but then edged back higher in late trade and ended with a loss of just 0.61%. Silver slipped to as low as $13.886 and ended with a loss of 2.59%.
Euro gold fell to about €1011, platinum gained $1 to $877, and copper remained at about $2.03.
Gold and silver equities fell about 3% by midafternoon and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Nonfarm Payrolls | Dec | 292K | 200K | 252K |
Unemployment Rate | Dec | 5.0% | 5.0% | 5.0% |
Hourly Earnings | Dec | 0.0% | 0.2% | 0.2% |
Average Workweek | Dec | 34.5 | 34.5 | 34.5 |
Wholesale Inventories | Nov | -0.3% | -0.1% | -0.3% |
Consumer Credit | Nov | $14.0B | $18.5B | $15.6B |
The BLS net birth/death adjustment subtracted 23,000 payrolls from December’s data. Private Payrolls rose 275,000.
All of this week’s other economic reports:
Next week’s economic highlights include the Fed's Beige Book and the Treasury Budget on Wednesday, Initial Jobless Claims and Export and Import Prices on Thursday, and PPI, Retail Sales, Empire Manufacturing, Industrial Production, Capacity Utilization, Michigan Sentiment, and Business Inventories on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil edged lower as the U.S. dollar index rose on better than expected jobs data.
Treasuries rose as the Dow, Nasdaq, and S&P ended about 1% lower in mixed trade on continued concerns about China.
Among the big names making news in the market Friday were American Eagle, Noble Group, Toys ‘R’ Us, Apple, and Volkswagen.
GATA Posts:
China's ICBC Standard Bank buys Deutsche's London bullion vault: Reuters
Bernanke avoids exchange about the dollar's decisive advantage
The Statistics:
Activity from: 1/7/2016
Gold Warehouse Stocks: | 6,456,309.093 | -64.3 |
Silver Warehouse Stocks: | 161,391,803.211 | +165,914.29 |
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 | 645.131 | 20,741,599 | US$22,852m |
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$4,902m |
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$5,425m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$396m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 29.17 | 937,757 | US$1,035m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 4.166 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 156.42: +3.87 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,840.17: -44.45 change from yesterday’s data.
The Miners:
Lake Shore’s (LSG) production results and Endomines (ENDO.ST) production results were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Fortuna | FSM +1.61% $2.52 |
2. IAMGOLD | IAG +0.60% $1.68 |
3. AngloGold | AU +0.25% $7.90 |
LOSERS
1. Harmony | HMY -10.42% $1.29 |
2. McEwen | MUX -6.78% $1.10 |
3. Kinross | KGC -6.50% $1.87 |
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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-- Published: Friday, 8 January 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold Gains 4% on the Week While Dow Drops Over 6% 
