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Weekly Wrap-Up: Gold Falls Slightly but Silver Gains Nearly 6% on the Week - April 15th 2016








Chris Mullen | Friday, April 15th

Please Note: There will not be another Gold Seeker Report until April 28th.

 

 

Close

Gain/Loss

On Week

Gold

$1233.90

+$8.20

-0.45%

Silver

$16.23

+$0.10

+5.80%

XAU

77.91

+2.57%

+5.27%

HUI

198.15

+2.54%

+2.10%

GDM

615.32

+2.20%

+3.53%

JSE Gold

2075.83

-31.82

-0.83%

USD

94.71

-0.26

+0.52%

Euro

112.83

+0.19

-1.02%

Yen

91.98

+0.56

-0.49%

Oil

$40.36

-$1.14

+1.61%

10-Year

1.752%

-0.029

+1.86%

Bond

166.15625

+0.84375

-0.06%

Dow

17897.46

-0.16%

+1.82%

Nasdaq

4938.21

-0.16%

+1.80%

S&P

2080.73

-0.10%

+1.62%

 
 
Precious Metals Charts Intraday

 

The Metals:

 

Gold saw decent gains in Asia and London before it fell back towards unchanged by midmorning in New York, but it then rose to a new session high of $1234.84 in early afternoon trade and ended with a gain of 0.67%.  Silver rose to as high as $16.354 and ended with a gain of 0.62%.

 

Euro gold rose to about €1093, platinum lost $4 to $982, and copper fell a couple of cents to about $2.15.

 

Gold and silver equities gained over 2% by midday and remained near that level for the rest of the day.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Empire Manufacturing

Apr

9.6

2.3

0.6

Capacity Utilization

Mar

74.8%

75.5%

75.3%

Industrial Production

Mar

-0.6%

0.0%

-0.6%

Michigan Sentiment

Apr

89.7

92.0

91.0

Net Long-Term TIC Flows

Feb

$72.0B 

-$11.9B 

 

All of this week’s other economic reports:

 

CPI - March

0.1% v. -0.2%

 

Core CPI - March

0.1% v. 0.3%

 

Initial Claims - 4/09

253K v. 266K

 

Business Inventories - February

-0.1% v. -0.1%

 

Retail Sales - March

-0.3% v. 0.0%

 

Retail Sales ex-auto - March

0.2% v. 0.0%

 

PPI - March

-0.1% v. -0.2%

 

Core PPI - March

-0.1% v. 0.0%

 

Treasury Budget - March

$108.0B v. $52.9B

 

Export Prices - March

0.0% v. -0.5%

 

Export Prices ex-ag. - March

0.3% v. -0.5%

 

Import Prices - March

0.2% v. -0.4%

 

Import Prices ex-oil - March

-0.1% v. -0.1%

 

Next week’s economic highlights include the NAHB Housing Market Index on Monday, Building Permits and Housing Starts on Tuesday, Existing Home Sales on Wednesday, and Initial Jobless Claims, the Philadelphia Fed, the FHFA Housing Price Index, and Leading Indicators on Thursday.

 

The Markets:

 

Markets Charts Intraday

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

 

Oil fell almost 3% on doubts that this weekend’s meeting of major producers in Doha will result in any meaningful changes to the fundamentals of the energy market.

 

The U.S. dollar index fell on mostly disappointing economic data that sent treasuries higher and the Dow, Nasdaq, and S&P modestly lower.

 

Among the big names making news in the market Friday were SunEdison, Citigroup, Fiat Chrysler, and GM.

 

GATA Posts:

 

 

Mike Ballanger: Deutsche Bank silver settlement -- GATA vindicated

BitGold/GoldMoney aims to eliminate need for gold ETFs

China may have $1.3 trillion of risky loans, IMF report shows

Deutsche Bank admits it manipulated gold as well as silver market with other banks

Alasdair Macleod: The ECB and shadow banking

 

The Statistics:

Activity from: 4/14/2016

Gold Warehouse Stocks:

7,040,711.479

+4,501.00

Silver Warehouse Stocks:

154,109,184.806

-

 

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

806.815

25,939,911

US$31,826m

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$5,480m

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$6,056m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$442m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

34.72

1,116,345

US$1,401m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 3.27 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 188.04: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,396.29: No change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  First Majestic

AG +8.73% $8.22

2.  IAMGOLD

IAG +7.12% $2.86

3.  MAG Silver

MVG +6.36% $10.87

 

LOSERS

1.  Turquoise

TRQ -1.80% $2.73

2.  Nevsun

NSU -0.90% $3.30

3.  DRDGOLD

DRD -0.90% $4.41

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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© Gold Seeker 2016

Published:April 15th, 2016
Source: Gold-Seeker.com







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