-- Published: Friday, 29 April 2016 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1292.90 | +$25.00 | +4.82% |
Silver | $17.83 | +$0.23 | +5.13% |
XAU | 92.84 | +6.85% | +14.82% |
HUI | 233.46 | +7.18% | +15.41% |
GDM | 712.23 | +6.21% | +12.68% |
JSE Gold | 2104.39 | +77.84 | +1.83% |
USD | 93.05 | -0.69 | -2.18% |
Euro | 114.51 | +0.96 | +2.01% |
Yen | 93.97 | +1.49 | +5.05% |
Oil | $45.92 | -$0.11 | +5.06% |
10-Year | 1.819% | -0.019 | -3.65% |
Bond | 163.3125 | +0.5625 | +1.17% |
Dow | 17773.64 | -0.32% | -1.28% |
Nasdaq | 4775.35 | -0.62% | -2.67% |
S&P | 2065.30 | -0.51% | -1.26% |
The Metals:
Gold gained $28.66 to $1296.56 by late morning in New York before it edged back lower at times, but it still ended with a gain of 1.97%. Silver rose to as high as $17.951 and ended with a gain of 1.31%.
Euro gold rose to about €1129, platinum gained $25 to $1073, and copper climbed 6 cents to about $2.28.
Gold and silver equities rose throughout most of trade and ended with about 7% gains.
The Economy:
Report | For | Reading | Expected | Previous |
Personal Income | Mar | 0.4% | 0.3% | 0.1% |
Personal Spending | Mar | 0.1% | 0.2% | 0.2% |
Core PCE Prices | Mar | 0.1% | 0.1% | 0.2% |
Employment Cost Index | Q1 | 0.6% | 0.6% | 0.5% |
Chicago PMI | Apr | 50.4 | 53.3 | 53.6 |
Michigan Sentiment | Apr | 89.0 | 90.0 | 89.7 |
Next week’s economic highlights include the ISM Index and Construction Spending on Monday, ADP Employment, Productivity, the Trade Balance, Factory Orders, and ISM Services on Wednesday, Initial Jobless Claims on Thursday, and April’s jobs data and Consumer Credit on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell on news of rising output out of OPEC, but losses pared after Baker Hughes reported another drop in rigs drilling for crude in the US.
The U.S. dollar index dropped on poor economic data that sent treasuries higher and the Dow, Nasdaq, and S&P lower.
Among the big names making news in the market Friday were Valeant, Exxon, Amazon, Apple, and Delta.
GATA Posts:
This is what happens when you don't issue the world reserve currency
Deutsche Bank tires quickly of its experiment with integrity
Dissatisfied Zero Hedge employee feeds his resentments to Bloomberg
Following ancients, explorers hunt gold in the Egyptian desert
Putin's decade-old dream realized as Russia to price its own oil
The Statistics:
Activity from: 4/28/2016
Gold Warehouse Stocks: | 7,250,269.882 | +0.01 |
Silver Warehouse Stocks: | 151,779,531.518 | +95,684.257 |
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 | 804.140 | 25,853,916 | US$33,229m |
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$5,734m |
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$6,346m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$464m |
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 added 1.486 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 187.56: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,437.72: No change from yesterday’s data.
The Miners:
Seabridge’s (SA) closed offering, Randgold’s (GOLD) vesting of CEO career shares, and Golden Minerals’ (AUMN) first quarter results were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Freeport | FCX +10.66% $14.00 |
2. Barrick | ABX +10.31% $19.37 |
3. Kinross | KGC +10.06% $5.70 |
LOSER
1. Almaden | AAU -1.72% $1.14 |
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 April 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Gain About 5% on the Week
