-- Published: Friday, 15 April 2016 | Print | Disqus
Please Note: There will not be another Gold Seeker Report until April 28th.
| Close | Gain/Loss | On Week |
Gold | $1233.90 | +$8.20 | -0.45% |
Silver | $16.23 | +$0.10 | +5.80% |
XAU | 77.91 | +2.57% | +5.27% |
HUI | 198.15 | +2.54% | +2.10% |
GDM | 615.32 | +2.20% | +3.53% |
JSE Gold | 2075.83 | -31.82 | -0.83% |
USD | 94.71 | -0.26 | +0.52% |
Euro | 112.83 | +0.19 | -1.02% |
Yen | 91.98 | +0.56 | -0.49% |
Oil | $40.36 | -$1.14 | +1.61% |
10-Year | 1.752% | -0.029 | +1.86% |
Bond | 166.15625 | +0.84375 | -0.06% |
Dow | 17897.46 | -0.16% | +1.82% |
Nasdaq | 4938.21 | -0.16% | +1.80% |
S&P | 2080.73 | -0.10% | +1.62% |
The Metals:
Gold saw decent gains in Asia and London before it fell back towards unchanged by midmorning in New York, but it then rose to a new session high of $1234.84 in early afternoon trade and ended with a gain of 0.67%. Silver rose to as high as $16.354 and ended with a gain of 0.62%.
Euro gold rose to about €1093, platinum lost $4 to $982, and copper fell a couple of cents to about $2.15.
Gold and silver equities gained over 2% by midday and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Empire Manufacturing | Apr | 9.6 | 2.3 | 0.6 |
Capacity Utilization | Mar | 74.8% | 75.5% | 75.3% |
Industrial Production | Mar | -0.6% | 0.0% | -0.6% |
Michigan Sentiment | Apr | 89.7 | 92.0 | 91.0 |
Net Long-Term TIC Flows | Feb | $72.0B | - | -$11.9B |
All of this week’s other economic reports:
Next week’s economic highlights include the NAHB Housing Market Index on Monday, Building Permits and Housing Starts on Tuesday, Existing Home Sales on Wednesday, and Initial Jobless Claims, the Philadelphia Fed, the FHFA Housing Price Index, and Leading Indicators on Thursday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell almost 3% on doubts that this weekend’s meeting of major producers in Doha will result in any meaningful changes to the fundamentals of the energy market.
The U.S. dollar index fell on mostly disappointing economic data that sent treasuries higher and the Dow, Nasdaq, and S&P modestly lower.
Among the big names making news in the market Friday were SunEdison, Citigroup, Fiat Chrysler, and GM.
GATA Posts:
Mike Ballanger: Deutsche Bank silver settlement -- GATA vindicated
BitGold/GoldMoney aims to eliminate need for gold ETFs
China may have $1.3 trillion of risky loans, IMF report shows
Deutsche Bank admits it manipulated gold as well as silver market with other banks
Alasdair Macleod: The ECB and shadow banking
The Statistics:
Activity from: 4/14/2016
Gold Warehouse Stocks: | 7,040,711.479 | +4,501.00 |
Silver Warehouse Stocks: | 154,109,184.806 | - |
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 | 806.815 | 25,939,911 | US$31,826m |
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$5,480m |
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$6,056m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$442m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 34.72 | 1,116,345 | US$1,401m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 3.27 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 188.04: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,396.29: No change from yesterday’s data.
The Miners:
WINNERS
1. First Majestic | AG +8.73% $8.22 |
2. IAMGOLD | IAG +7.12% $2.86 |
3. MAG Silver | MVG +6.36% $10.87 |
LOSERS
1. Turquoise | TRQ -1.80% $2.73 |
2. Nevsun | NSU -0.90% $3.30 |
3. DRDGOLD | DRD -0.90% $4.41 |
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, 15 April 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold Falls Slightly but Silver Gains Nearly 6% on the Week
