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Gold Seeker Closing Report: Gold and Silver Fall Nearly 1% and 3%
By: Chris Mullen, Gold-Seeker.com

 -- Published: Tuesday, 22 September 2015 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1125.40

-$7.80

Silver

$14.81

-$0.38

XAU

45.23

-4.66%

HUI

106.19

-5.50%

GDM

371.53

-4.46%

JSE Gold

961.64

-13.44

USD

96.28

+0.40

Euro

111.29

-0.60

Yen

83.27

+0.34

Oil

$46.36

-$0.60

10-Year

2.125%

-0.089

Bond

155.4375

+1.9375

Dow

16330.47

-1.09%

Nasdaq

4756.72

-1.50%

S&P

1942.74

-1.23%

 
 

 

The Metals:

 

Gold fell $11.75 to $1121.45 by a little after 9AM EST before it bounced back higher into midday, but it still ended with a loss of 0.69%. Silver slipped to as low as $14.726 and ended with a loss of 2.5%.

 

Euro gold fell to about €1011, platinum lost $32 to $935, and copper dropped 9 cents to about $2.31.

 

Gold and silver equities dropped about 5% by midafternoon and remained near that level into the close.

 

The Economy:

 

Report

For

Reading

Expected

Previous

FHFA Housing Price Index

July

0.6%

-

0.2%

 

There are no major economic reports due out tomorrow.

 

The Markets:

 

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

 

Oil fell on worries about energy demand while the U.S. dollar continued higher on expectations for rising interest rates.

 

Treasuries saw notable gains as the Dow, Nasdaq, and S&P dropped over 1% on economic uncertainty.

 

Among the big names making news in the market today were Starbucks, Apple, Goldman Sachs, BofA, Glencore, and Volkswagen.

 

GATA Posts:

 

 

Bron Suchecki: Fractional reserve bullion banking, Part 2

Russian billionaire's miner sees gold pain as buying opportunity

 

The Statistics:

Activity from: 9/21/2015

Gold Warehouse Stocks:

6,862,280.335

-9,070.043

Silver Warehouse Stocks:

166,872,948.303

-896,503.25

 

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

674.608

21,689,319

US$24,349m

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$5,001m

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$5,528m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$404m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

27.80

893,937

US$999m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 3.575 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 159.30: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,981.57: No change from yesterday’s data.

 

The Miners:

 

Newmont’s (NEM) interest in Barrick's (ABX) 50 percent stake in an Australian mine, Goldcorp’s (GG) confidence in the future of its Eleonore gold mine, Eldorado’s (EGO) optimism about Greece’s new government, and Endeavour Silver’s (EXK) drill results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  DRDGOLD

DRD +1.60% $1.27

2.  Freeport

FCX +0.57% $10.59

3.  Turquoise

TRQ +0.35% $2.89

 

LOSERS

1.  Coeur

CDE -8.77% $2.81

2.  Primero

PPP -8.46% $2.38

3.  Gold Resource

GORO-8.09% $2.50

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

© Gold Seeker 2015

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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 -- Published: Tuesday, 22 September 2015 | E-Mail  | Print  | Source: GoldSeek.com

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