Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Almost 1% and 2% on the Week
| Close | Gain/Loss | On Week |
Gold | $1344.40 | +$9.20 | +0.86% |
Silver | $16.64 | +$0.16 | +1.71% |
XAU | 84.08 | +1.59% | +3.12% |
HUI | 183.43 | +1.67% | +3.29% |
GDM | 638.75 | +1.36% | +3.68% |
JSE Gold | 1114.27 | +29.32 | -0.34% |
USD | 89.76 | -0.02 | -0.38% |
Euro | 123.40 | +0.13 | +0.46% |
Yen | 93.10 | -0.16 | -0.54% |
Oil | $67.39 | +$0.32 | +6.06% |
10-Year | 2.822% | -0.008 | +1.62% |
Bond | 145.5625 | +0.1875 | -0.32% |
Dow | 24360.14 | -0.50% | +1.79% |
Nasdaq | 7106.65 | -0.47% | +2.77% |
S&P | 2656.30 | -0.29% | +1.99% |
The Metals:
Gold gained $6.40 to $1341.60 in Asia before it dropped back to almost unchanged at $1335.60 in London, but it then rose to as high as $1347.10 in early afternoon New York trade and ended with a gain of 0.69%. Silver rose to as high as $16.683 and ended with a gain of 0.97%.
Euro gold rose to about EUR1090, platinum gained $3 to $927, and copper remained at about $3.06.
Gold and silver equities gained nearly 2% in the first half hour of trade and remained near that level for the rest of the day.
Mortgage rates hold steady through bond market churn MarketWatch
Job Openings in U.S. Declined in February to 6.05 Million Bloomberg
University of Michigan consumer sentiment index slips to 3-month low on trade-war fears MarketWatch
Next week's economic highlights include Retail Sales, Empire State Manufacturing, Business Inventories, the Housing Market Index, and Treasury International Capital on Monday, Housing Starts and Industrial Production on Tuesday, the Beige Book on Wednesday, and Initial Jobless Claims, the Philadelphia Fed, and Leading Indicators on Thursday.
The Markets:
Oil added onto this week's gains on uncertainty surrounding the potential for a U.S.-led military strike on Syria.
The U.S. dollar index ended slightly lower in mixed trade and treasuries rose as the Dow, Nasdaq, and S&P erased opening gains and dropped almost 0.5% by the close after this quarter's batch of financial earnings largely beat expectations, but failed to provide the rosy outlook that many were hoping for.
Among the big names making news in the market Friday were Comcast, JPMorgan, Citigroup, PNC, Tesla, and Amazon.
GATA Posts:
Putin's Russia roars but its economy can't sustain a superpower
The Statistics:
Activity from: 4/12/2018
Gold Warehouse Stocks: | 9,058,983.720 | -3,215.00 |
Silver Warehouse Stocks: | 263,191,042.479 | -377,474.96 |
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(R) Gold Shares | 865.889 | 27,839,199 | US$37,402m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb?rse (Deutsche B?rse - Xetra) | Gold Bullion Securities | 138.13 | 4,441,056 | US$5,977m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb?rse (Deutsche B?rse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 152.66 | 4,908,200 | US$6,607m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$483m |
Note: Change in Total Tonnes from yesterday's data: SPDR added 5.898 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 281.75: +1.38 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,959.22: No change from yesterday's data.
WINNERS
1. New Gold | NGD +5.26% $2.40 |
2. IAMGOLD | IAG +5.08% $5.58 |
3. Alamos | AGI +4.00% $5.72 |
LOSERS
1. Pretium | PVG -4.53% $7.17 |
2. Americas Silver | USAS -3.95% $3.65 |
3. Harmony | HMY -1.88% $2.09 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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