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Gold Seeker Weekly Wrap-Up: Gold and Silver End Mixed on the Week
By: Chris Mullen, Gold-Seeker.com

 -- Published: Friday, 19 August 2016 | Print  | Disqus 

 

Close

Gain/Loss

On Week

Gold

$1341.00

-$11.70

+0.48%

Silver

$19.32

-$0.43

-1.88%

XAU

107.68

-2.75%

-3.62%

HUI

268.53

-2.22%

-3.62%

GDM

834.80

-2.02%

-3.34%

JSE Gold

2597.51

-8.50

-7.10%

USD

94.47

+0.39

-1.32%

Euro

113.25

-0.29

+1.47%

Yen

99.86

-0.24

+1.15%

Oil

$48.52

+$0.30

+9.06%

10-Year

1.570%

+0.042

+3.63%

Bond

171.0625

-0.84375

-1.12%

Dow

18552.57

-0.24%

-0.14%

Nasdaq

5238.37

-0.03%

+0.10%

S&P

2183.87

-0.14%

-0.01%

 
 

 

The Metals:

 

Gold fell $14.74 to $1337.96 by a little after 8AM EST before it bounced back higher in midmorning trade, but it still ended with a loss of 0.86%.  Silver slipped to as low as $19.253 and ended with a loss of 2.18%.

 

Euro gold fell to about €1184, platinum lost $16 to $1112, and copper remained at about $2.18.

 

Gold and silver equities fell almost 3% at the open before they bounced back higher at times, but they still ended with over 2% losses on the day.

 

The Economy:

 

All of this week’s other economic reports:

 

Leading Indicators - July

0.4% v. 0.3%

 

Philadelphia Fed - August

2.0 v. -2.9

 

Initial Claims - 8/13

262K v. 266K

 

Capacity Utilization - July

75.9% vs. 75.4%

 

Industrial Production - July

0.7% v. 0.4%

 

Housing Starts - July

1211K v. 1186K

 

Building Permits - July

1152K v. 1153K

 

CPI - July

0.0% v. 0.2%

 

Core CPI - July

0.1% v. 0.2%

 

Net Long-Term TIC Flows - June

-$3.6B v. $41.1B

 

NAHB Housing Market Index - August

60 v. 59

 

Empire Manufacturing - August

-4.2 v. 0.55

 

Next week’s economic highlights include New Home Sales on Tuesday, the FHFA Housing Price Index and Existing Home Sales on Wednesday, Initial Jobless Claims and Durable Goods Orders on Thursday, and GDP, International Trade in Goods, and Michigan Sentiment on Friday.

 

The Markets:

 

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

 

Oil edged lower on profit taking today, but it still ended over 9% higher on the week.

 

The U.S. dollar index rose and treasuries fell on more hawkish Fedspeak that sent the Dow, Nasdaq, and S&P lower.

 

Among the big names making news in the market Friday were Applied Materials, Deere, Foot Locker, Estee Lauder, Deutsche Bank, Viacom, AT&T, Apple, and Google.

 

GATA Posts:

 

 

Jansen's appeal raises money needed for Fort Knox audit documents

 

The Statistics:

Activity from: 8/18/2016

Gold Warehouse Stocks:

11,026,917.458

+27,559.641

Silver Warehouse Stocks:

157,460,176.992

+697.55

 

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

955.994

30,736,165

US$41,374m

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$5,967m

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$6,593m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$481m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

34.88

1,121,361

US$1,417m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.781 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 223.85: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 11,056.34: +67.95 change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Eurasian

EMXX +1.54% $1.31

 

LOSERS

1.  Alexco

AXU -9.77% $1.94

2.  Mines Management

MGN -8.92% $1.43

3.  First Majestic

AG -7.47% $15.12

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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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.

 


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 -- Published: Friday, 19 August 2016 | E-Mail  | Print  | Source: GoldSeek.com

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