Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Silver Miners’ Q3’17 Fundamentals
By: Adam Hamilton, CPA

Deflation must be embraced
By: Alasdair Macleod

Gold’s 47-Year Bull Market
By: Steven Saville

The Precious Metals Bears' Fear of Fridays
By: Dimitri Speck

The Lemmings are Heading Towards the Cliff...Again
By: Gary Savage

28 Reasons to Buy Physical Gold
By: BullionStar

Is This Gold Rally The Start Of Something Big?
By: Avi Gilburt

GoldSeek Radio Nugget: Peter Grandich and Chris Waltzek
By: radio.GoldSeek.com

GoldSeek Radio Nugget: Andy Schectman and Chris Waltzek
By: radio.GoldSeek.com

Keeping Your Cryptos Safe From Crooks
By: Avi Gilburt with Ryan Wilday

 
Search

GoldSeek Web

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

 -- Published: Friday, 8 April 2016 | Print  | Disqus 

 

Close

Gain/Loss

On Week

Gold

$1239.50

-$0.80

+1.32%

Silver

$15.34

+$0.13

+1.79%

XAU

74.01

+4.12%

+6.17%

HUI

194.07

+4.16%

+7.87%

GDM

594.36

+3.48%

+6.32%

JSE Gold

2093.19

-38.62

+5.81%

USD

94.22

-0.32

-0.38%

Euro

113.99

+0.24

+0.01%

Yen

92.43

UNCH

+3.19%

Oil

$39.72

+$2.46

+7.96%

10-Year

1.720%

+0.029

-4.02%

Bond

166.25

-0.75

+0.97%

Dow

17576.96

+0.20%

-1.21%

Nasdaq

4850.68

+0.06%

-1.30%

S&P

2047.60

+0.28%

-1.21%

 
 

 

The Metals:

 

Gold dropped $10.68 to $1229.62 in London, but it then climbed back higher for most of trade in New York and ended with a loss of just 0.06%.  Silver rose to as high as $15.38 and ended with a gain of 0.85%.

 

Euro gold fell to about €1087, platinum gained $11 to $965, and copper remained at about $2.09.

 

Gold and silver equities gained about 4% by midday and remained near that level for the rest of the day.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Wholesale Inventories

Feb

-0.5%

-0.2%

-0.2%

 

Fed's Dudley sees risks lingering, cautious on U.S. rate hikes  Reuters

Yellen Says U.S. Near Full Employment, Some Slack Remains  Bloomberg

 

All of this week’s other economic reports:

 

Consumer Credit - February

$17.3B v. $14.8B

 

Initial Claims - 4/02

267K v. 276K

 

JOLTS - Job Openings - February

5.445M v. 5.604M

 

ISM Services - March

54.5 v. 53.4

 

Trade Balance - February

-$47.1 v. -$45.9B

 

Factory Orders - February

-1.7% v. 1.2%

 

Next week’s economic highlights include Import and Export Prices and the Treasury Budget on Tuesday, PPI, Retail Sales, Business Inventories, and the Fed's Beige Book on Wednesday, Initial Jobless Claims and CPI on Thursday, and Empire Manufacturing, Capacity Utilization, Industrial Production, and Net Long-Term TIC Flows on Friday.

 

The Markets:

 

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

 

Oil gained nearly 7% on falling US output and declining rig counts.

 

The U.S. dollar index dropped as the euro rose after minutes from the ECB’s March meeting expressed confidence in Draghi and the stimulative measures employed last month.

 

Treasuries fell as the Dow, Nasdaq, and S&P traded mostly higher on relief over oil’s rebound.

 

Among the big names making news in the market Friday were UnitedHealth, Starboard, and Twitter.

 

GATA Posts:

 

 

Actual life in the junior gold mining sector

 

The Statistics:

Activity from: 4/7/2016

Gold Warehouse Stocks:

6,814,311.489

-20,897.50

Silver Warehouse Stocks:

155,239,216.349

-61,756.72

 

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

819.596

26,350,841

US$32,659m

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$5,511m

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$6,089m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$445m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

33.42

1,074,449

US$1,304m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 187.26: +0.30 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,411.09: No change from yesterday’s data.

 

The Miners:

 

Goldcorp’s (GG) investment in Probe Metals (PRB.V) and Endeavour Silver’s (EXK) production results were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1.  Almaden

AAU +19.04% $1.12

2.  Alexco

AXU +13.67% $1.08

3.  McEwen

MUX +10.58% $2.30

 

LOSER

1.  MAG Silver

MVG -1.84% $9.62

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

 

- 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 2016

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.

 


| Digg This Article
 -- Published: Friday, 8 April 2016 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.