-- Published: Friday, 22 January 2016 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1096.80 | -$5.90 | +0.71% |
Silver | $14.05 | -$0.08 | +1.08% |
XAU | 40.92 | +0.74% | -1.33% |
HUI | 106.84 | +0.99% | +0.12% |
GDM | 362.09 | +0.92% | -1.15% |
JSE Gold | 1346.28 | -26.73 | -2.13% |
USD | 99.56 | +0.55 | +0.69% |
Euro | 107.99 | -0.75 | -1.10% |
Yen | 84.14 | -0.77 | -1.57% |
Oil | $32.19 | +$2.66 | +9.42% |
10-Year | 2.048% | +0.029 | +0.74% |
Bond | 158.8125 | -0.75 | -0.27% |
Dow | 16093.51 | +1.33% | +0.66% |
Nasdaq | 4591.17 | +2.66% | +2.29% |
S&P | 1906.90 | +2.03% | +1.42% |
The Metals:
Gold dropped $8.53 to $1094.17 by a little after 9AM EST before it bounced back to $1101.33 in the next hour and a half of trade, but it then drifted back lower into the close and ended with a loss of 0.54%. Silver slipped to as low as $14.031 and ended with a loss of 0.57%.
Euro gold rose to about €1016, platinum gained $7.50 to $826.50, and copper remained at about $2.00.
Gold and silver equities waffled near unchanged and ended almost 1% higher.
The Economy:
Report | For | Reading | Expected | Previous |
Existing Home Sales | Dec | 5.46M | 5.12M | 4.76M |
Leading Indicators | Dec | -0.2% | -0.1% | 0.5% |
All of this week’s other economic reports:
NAHB Housing Market Index - January | 60 v. 60 |
Next week’s economic highlights include the Case-Shiller 20-city Index, the FHFA Housing Price Index, and Consumer Confidence on Tuesday, New Home Sales and a FOMC Rate Decision on Wednesday, Initial Jobless Claims, Durable Goods Orders, and Pending Home Sales on Thursday, and GDP, Chicago PMI, and Michigan Sentiment on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil gained 9% on cold weather forecasts that raised demand expectations and prompted short covering.
The U.S. dollar index rose and treasuries fell as the Dow, Nasdaq, and S&P climbed over 1% higher on relief over the recovery in oil.
Among the big names making news in the market Friday were Sprint, Shake Shack, Apple, and GE.
GATA Posts:
LME said to be in talks with banks to list London gold contracts
Saudi Arabia's secret holdings of U.S. debt are suddenly a big deal
Indian gold paperization scheme is failing so govt. boosts subsidy to banks
The Statistics:
Activity from: 1/21/2016
Gold Warehouse Stocks: | 6,401,380.666 | -803.75 |
Silver Warehouse Stocks: | 155,356,630.858 | -552,004.395 |
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 | 662.089 | 21,286,838 | US$23,330m |
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$4,879m |
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$5,393m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$394m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 29.16 | 937,623 | US$1,027m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 1.785 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 161.82: +0.36 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,692.04: -62.21 change from yesterday’s data.
The Miners:
WINNERS
1. IAMGOLD | IAG +7.32% $1.32 |
2. Eldorado | EGO +5.56% $2.28 |
3. Fortuna | FSM +5.00% $2.31 |
LOSERS
1. Freeport | FCX -9.01% $3.94 |
2. Gold Fields | GFI -5.54% $2.90 |
3. Harmony | HMY -4.62% $1.65 |
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, 22 January 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Gain About 1% on the Week
