-- Published: Friday, 15 September 2017 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1321.00 | -$6.50 | -1.89% |
Silver | $17.60 | -$0.15 | -2.22% |
XAU | 88.38 | -0.56% | -3.57% |
HUI | 206.97 | -0.60% | -4.49% |
GDM | 671.17 | -0.54% | -4.43% |
JSE Gold | 1391.83 | +10.91 | -3.47% |
USD | 91.83 | -0.33 | +0.54% |
Euro | 119.53 | +0.45 | -0.68% |
Yen | 90.20 | -0.35 | -2.82% |
Oil | $49.89 | UNCH | +5.08% |
10-Year | 2.206% | +0.012 | +7.30% |
Bond | 156.3475 | +0.09375 | -1.44% |
Dow | 22268.34 | +0.29% | +2.16% |
Nasdaq | 6448.47 | +0.30% | +1.39% |
S&P | 2500.23 | +0.18% | +1.58% |
The Metals:
Gold gained $6.70 to $1334.20 in Asia before it fell back to $1319.90 in late morning New York trade and then jumped back higher into midday, but it still ended with a loss of 0.49%. Silver slipped to as low as $17.59 and ended with a loss of 0.85%.
Euro gold fell to about €1106, platinum lost $15 to $966, and copper dropped a penny to about $2.94.
Gold and silver equities fell nearly 1% in first 90 minutes of trade before they bounced back higher at times, but they still ended with modest losses on the day.
The Economy:
Hurricane Harvey slams U.S. retail sales, industrial production Reuters
Concern About Hurricane Fallout Dents U.S. Consumer Sentiment Bloomberg
U.S. business inventories rise modestly as retail stocks fall Reuters
Industrial production falls for first time since January, slammed by Hurricane Harvey CNBC
Empire State factory gauge stays near three-year high in September MarketWatch
U.S. Retail Sales Fall After Downward Revisions in Prior Months Bloomberg
Next week’s economic highlights include the Housing Market Index and Treasury International Capital on Monday, Housing Starts, the Current Account balance, and Import and Export Prices on Tuesday, Existing home Sales and a FOMC Announcement on Wednesday, Initial Jobless Claims, the Philadelphia Fed, the FHFA House Price Index, and Leading Indicators on Thursday, and PMI on Friday.
The Markets:
Oil held onto this week’s gains on expectations for steady global demand.
The U.S. dollar index fell and treasuries held near unchanged on mixed economic data that did little to alter interest rate expectations and sent the Dow, Nasdaq, and S&P higher.
Among the big names making news in the market Friday were Macy’s, Aerosoles, Boeing, and Lonmin.
GATA Posts:
Noah Smith: Digital currencies won't kill the dollar but still may change the world
Mexican Congress discusses monetization of Libertad silver ounce coin
Daily Coin interviews GATA secretary on what he thinks he has learned
Hugo Salinas Price: Bitcoin is a chapter in the history of mass speculation
The Statistics:
Activity from: 9/14/2017
Gold Warehouse Stocks: | 8,696,115.287 | - |
Silver Warehouse Stocks: | 218,246,372.119 | -50,460.58 |
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 | 838.640 | 26,963,102 | US$35,662m |
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$5,878m |
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$6,489m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$474m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | awaited | awaited | US$awaited |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 220.92: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,173.58: No change from yesterday’s data.
The Miners:
Eldorado Gold’s (EGO) permits, Bear Creek’s (BCM.V) engineering results, Golden Minerals’ (AUMN) drill program, and Great Panther’s (GPL) post-earthquake inspections were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. McEwen | MUX +3.20% $2.58 |
2. Harmony | HMY +2.88% $2.14 |
3. AngloGold | AU +1.74% $9.94 |
LOSERS
1. Paramount | PZG -18.86% $1.42 |
2. Alexco | AXU -7.93% $1.51 |
3. Americas Silver | USAS -6.82% $4.51 |
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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-- Published: Friday, 15 September 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall About 2% on the Week
