-- Published: Friday, 14 October 2016 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1251.40 | -$6.70 | -0.29% |
Silver | $17.45 | -$0.05 | -0.06% |
XAU | 81.03 | -1.89% | -0.36% |
HUI | 199.51 | -2.30% | +0.13% |
GDM | 639.05 | -2.12% | +0.26% |
JSE Gold | 1817.86 | -27.25 | +1.29% |
USD | 98.10 | +0.54 | +1.66% |
Euro | 109.71 | -0.87 | -2.04% |
Yen | 95.95 | -0.51 | -1.25% |
Oil | $50.35 | -$0.09 | +1.08% |
10-Year | 1.794% | +0.056 | +3.34% |
Bond | 163.0625 | -1.90625 | -1.19% |
Dow | 18138.36 | +0.22% | -0.56% |
Nasdaq | 5214.16 | +0.02% | -1.48% |
S&P | 2132.98 | +0.02% | -0.96% |
The Metals:
Gold fell $9.38 to $1248.72 at about 8:30AM EST before it bounced back to $1257.46 in early afternoon trade and then drifted back lower into the close, but it ended with a loss of just 0.53%. Silver slipped to as low as $17.373 and ended with a loss of 0.29%.
Euro gold rose to about €1140, platinum lost $1 to $933, and copper fell slightly to about $2.12.
Gold and silver equities fell about 2% by late morning and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
PPI | Sep | 0.3% | 0.2% | 0.0% |
Core PPI | Sep | 0.2% | 0.1% | 0.1% |
Retail Sales | Sep | 0.6% | 0.6% | -0.2% |
Retail Sales ex-auto | Sep | 0.5% | 0.5% | -0.2% |
Business Inventories | Aug | 0.2% | 0.1% | 0.0% |
Michigan Sentiment | Oct | 87.9 | 92.4 | 91.2 |
All of this week’s other economic reports:
Next week’s economic highlights include Empire Manufacturing, Industrial Production, and Capacity Utilization on Monday, CPI, the NAHB Housing Market Index, and Net Long-Term TIC Flows on Tuesday, Housing Starts, Building Permits, and the Fed's Beige Book on Wednesday, and Initial Jobless Claims, the Philadelphia Fed, and Existing Home Sales on Thursday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil edged lower as the U.S. dollar index rose and treasuries fell on mostly better than expected economic data that increased the likelihood for an interest rate hike by the end of the year.
The Dow, Nasdaq, and S&P saw modest gains “after a report showing an increase in China’s factory-gate prices eased concern over a slowdown in the world’s second-largest economy.”
Among the big names making news in the market Friday were Wells Fargo, Citigroup, and JPMorgan.
GATA Posts:
PhD thesis stirs up a $1 billion gold-price trial for global banks
Gold prices in India go to premium for first time this year
The Statistics:
Activity from: 10/13/2016
Gold Warehouse Stocks: | 10,604,922.050 | -43,440.35 |
Silver Warehouse Stocks: | 173,240,381.856 | -401,081.711 |
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 | 961.572 | 30,915,505 | US$38,693m |
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$5,570m |
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$6,156m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$450m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 38.56 | 1,239,670 | US$1,656m |
Note: No change in Total Tonnes from yesterday’s data: SPDR added 2.67 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 227.23: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 11,232.93: No change from yesterday’s data.
The Miners:
WINNERS
1. Gold Standard | GSV +3.66% $2.55 |
2. Turquoise Hill | TRQ +2.74% $3.00 |
3. Paramount | PZG +2.22% $1.84 |
LOSERS
1. Gold Fields | GFI -4.98% $4.01 |
2. Fortuna | FSM -4.86% $6.27 |
3. Great Panther | GPL -4.65% $1.23 |
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, 14 October 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver End Barely Lower on the Week
