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GoldSeek Web

Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 2% and 3% on the Week
By: Chris Mullen, Gold Seeker Report

 -- Published: Friday, 13 October 2017 | Print  | Disqus 




On Week





















JSE Gold









































The Metals:


Gold saw modest gains in Asia before it fell back to $1290.70 in London, but it then jumped up to $1302.50 after the release of economic data in New York and ended with a gain of 0.8%. Silver rose to as high as $17.393 and ended with a gain of 0.99%.


Euro gold rose to about €1103, platinum gained $9.50 to $944.50, and copper climbed a penny to about $3.12.


Gold and silver equities waffled near unchanged and ended slightly higher.


The Economy:


U.S. business inventories post largest gain in nine months  Reuters

Consumer Sentiment in U.S. Unexpectedly Surges to 13-Year High  Bloomberg

U.S. Inflation Picks Up on Fuel Costs While Core Gauge Slows  Bloomberg

U.S. Retail Sales Climb Most Since 2015 on Storm-Related Boost  Bloomberg


Next week’s economic highlights include the Empire State Manufacturing Survey on Monday, Import and Export Prices, Industrial Production, the Housing Market Index, and Treasury International Capital on Tuesday, Housing Starts and the fed’s Beige Book on Wednesday, Initial Jobless Claims and Leading Economic Indicators on Thursday, and Existing Home Sales and a speech from fed chair Yellen on Friday.


The Markets:


Oil gained almost 2% on geopolitical concerns and strong Chinese imports.


The U.S. dollar index mostly fell after this morning’s disappointing economic data sent treasuries higher.


The Dow, Nasdaq, and S&P rose as mixed banking and healthcare news was overcome by positive moves in the tech sector.


Among the big names making news in the market Friday were Kobe Steel, Amazon, Facebook, Wells Fargo, Samsung, Bank of America, and PNC.


GATA Posts:



The psychology of gold and why it has that allure

Where gold trade goes if London loses its grip


The Statistics:

Activity from: 10/12/2017

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: No change in Total Tonnes from yesterday’s data.


COMEX Gold Trust (IAU) Total Tonnes in Trust: 228.69: No change from yesterday’s data.


Silver Trust (SLV) Total Tonnes in Trust: 10,132.44: No change from yesterday’s data.


The Miners:


B2Gold’s (BTG) third quarter production and AbraPlata’s (ABRA.V) market making service were among the big stories in the gold and silver mining industry making headlines Friday.



1.  Buenaventura

BVN +3.50% $14.50

2.  Gold Fields

GFI +2.49% $4.12


DRD +1.93% $3.70



1.  New Gold

NGD -2.38% $3.69

2.  Northern Dynasty

NAK -2.30% $2.12

3.  Paramount

PZG -2.26% $1.30

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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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2017

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