-- Published: Friday, 29 January 2016 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1117.30 | +$2.80 | +1.87% |
Silver | $14.27 | +$0.03 | +1.57% |
XAU | 45.96 | +2.80% | +12.32% |
HUI | 120.80 | +2.19% | +13.07% |
GDM | 394.36 | +1.65% | +8.91% |
JSE Gold | 1426.28 | -20.72 | +5.94% |
USD | 99.57 | +0.96 | +0.07% |
Euro | 108.34 | -1.04 | +0.32% |
Yen | 82.61 | -1.55 | -1.82% |
Oil | $33.62 | +$0.40 | +4.44% |
10-Year | 1.931% | -0.054 | -5.71% |
Bond | 161.125 | +1.0625 | +1.46% |
Dow | 16466.30 | +2.47% | +2.32% |
Nasdaq | 4613.95 | +2.38% | +0.50% |
S&P | 1940.24 | +2.48% | +1.75% |
The Metals:
Gold edged up to $1117.22 in London before it dropped back to $1110.95 by a little before 10AM EST, but it then rallied to a new session high of $1118.30 by late morning in New York and ended with a gain of 0.25%. Silver rose to as high as $14.309 and ended with a gain of 0.21%.
Euro gold rose to about €1031, platinum gained $6 to $868, and copper climbed slightly to about $2.06.
Gold and silver equities rose about 2% by midmorning and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
GDP | Q4 | 0.7% | 0.9% | 2.0% |
GDP Deflator | Q4 | 0.8% | 0.9% | 1.3% |
Employment Cost Index | Q4 | 0.6% | 0.6% | 0.6% |
Chicago PMI | Jan | 55.6 | 45.0 | 42.9 |
Michigan Sentiment | Jan | 92.0 | 93.2 | 93.3 |
All of this week’s other economic reports:
Next week’s economic highlights include Personal Income and Spending, PCE Prices, Construction Spending, and the ISM Index on Monday, ADP Employment and ISM Services on Wednesday, Initial Jobless Claims, Productivity, Unit Labor Costs, and Factory Orders on Thursday, and Januarys jobs data, the Trade Balance, and Consumer Credit on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose over 1% on continued talks about possible production cuts.
The U.S. dollar index rose along with treasuries as the yen fell after the Bank of Japan’s unexpectedly cut a benchmark interest rate below zero.
The Dow, Nasdaq, and S&P rose over 2% by the close on optimism over more monetary stimulus.
Among the big names making news in the market Friday were Xerox, Express Scripts, and Chevron.
GATA Posts:
Yen slides after Bank of Japan stuns markets with negative rates
Jeffrey P. Snider: F(r)actions of gold
Ted Butler: Troubling turnover in silver
The Statistics:
Activity from: 1/28/2016
Gold Warehouse Stocks: | 6,427,038.703 | +6,392.61 |
Silver Warehouse Stocks: | 158,265,644.622 | +1,142,201.24 |
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 | 669.229 | 21,516,385 | US$23,914m |
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$4,961m |
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$5,480m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$401m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 29.16 | 937,541 | US$1,043m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 166.45: +0.60 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,626.86: -35.55 change from yesterday’s data.
The Miners:
WINNERS
1. Coeur | CDE +9.41% $2.21 |
2. Turquoise | TRQ +7.29% $2.06 |
3. Hecla | HL +6.90% $1.86 |
LOSERS
1. Harmony | HMY -6.77% $1.79 |
2. DRDGOLD | DRD -4.76% $2.80 |
3. Richmont | RIC -1.63% $3.62 |
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, 29 January 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Almost 2% on the Week
