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Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 2% on the Week
By: Chris Mullen,

 -- Published: Friday, 19 May 2017 | Print  | Disqus 




On Week





















JSE Gold









































The Metals:


Gold gained $7.00 to $1255.90 by a little after 9AM EST before it chopped back towards $1250 into midday, but it then rose to a new session high of $1256.40 in afternoon trade and ended with a gain of 0.49%.  Silver climbed to as high as $16.876 and ended with a gain of 1.38%.


Euro gold fell to about €1120, platinum gained $8 to $938, and copper climbed 5 cents to about $2.58.


Gold and silver equities rose roughly 1% about an hour into trade and remained near that level for the rest of the day.


The Economy:


Fed's Williams: Main risks to the US economy are outside of US  forexlive

St. Louis Fed's Bullard says expected rate hikes 'too aggressive' Reuters


All of this week’s other economic reports:


Leading Indicators - April

0.3% v. 0.3%


Philadelphia Fed - May

38.8 v. 2.0


Initial Claims - 5/13

232K v. 236K


Industrial Production - April

1.0% v. 0.4%


Capacity Utilization - April

76.7% v. 76.1%


Building Permits - April

1.229M v. 1.26M


Housing Starts - April

1.172M v. 1.203M


Treasury International Capital - March

$59.8B v. $53.4B


NAHB Housing Market Index - May

70 v. 68


Empire Manufacturing - May

-1.0 v. 5.2


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 on Thursday, and Durable Goods Orders, GDP, and Michigan Sentiment on Friday.


The Markets:


Oil gained almost 2% “on growing expectations that OPEC and other producing countries will agree at a meeting next week to extend crude output cuts.”


The U.S. dollar index fell markedly on political uncertainty.


Treasuries edged lower as the Dow, Nasdaq, and S&P rose on relief over oil’s renewed strength.


Among the big names making news in the market Friday were Uber, Deere, Foot Locker, Dynegy, Victoria’s Secret, and J.C. Penney.


GATA Posts:



Silver is gold cartel's 'kryptonite,' GATA chairman tells Daily Coin


The Statistics:

Activity from: 5/18/2017

Gold Warehouse Stocks:



Silver Warehouse Stocks:




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




London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities




London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold




Australian Stock Exchange (ASX)

Gold Bullion Securities




Johannesburg Securities Exchange (JSE)

New Gold Debentures




Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.184 tonnes.


COMEX Gold Trust (IAU) Total Tonnes in Trust: 202.82: +0.53 change from yesterday’s data.


Silver Trust (SLV) Total Tonnes in Trust: 10,693.85: +44.15 change from yesterday’s data.


The Miners:


Barrick’s (ABX) Responsibility Report, Silver Wheaton’s (SLW) name change, and Coeur’s (CDE) cash tender offer were among the big stories in the gold and silver mining industry making headlines Friday.



1.  Turquoise

TRQ +7.81% $2.76

2.  Nevsun

NSU +5.51% $2.49

3.  Tahoe Resources

TAHO +4.30% $9.47



1.  Avino

ASM -2.52% $1.55


DRD -2.43% $3.61

3.  Richmont

RIC -1.99% $7.40

Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.


- Chris Mullen, Gold Seeker Report


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© Gold Seeker 2017

Note: This article may be reproduced provided the article, in full, is used and mention to is given.



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