• Gold: 1,255.13 -0.67
  • Silver: 15.97 -0.07
  • Euro: 1.175 -0.001
  • USDX: 93.932 0.443
  • Oil: 57.26 0.11

September 15: Gold and Silver Fall About 2% on the Week

Chris Mullen
|
Friday, September 15th

 

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%

 
http://www.goldseek.com/news/2017/2017-09-15_14-01-03.jpg

 

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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© Gold Seeker 2017

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