-- Published: Thursday, 1 October 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1114.30 | -$1.70 |
Silver | $14.56 | +$0.02 |
XAU | 45.19 | -2.27% |
HUI | 105.88 | -2.34% |
GDM | 371.42 | -2.01% |
JSE Gold | 957.16 | +21.21 |
USD | 96.17 | -0.10 |
Euro | 111.88 | +0.09 |
Yen | 83.39 | -0.03 |
Oil | $44.74 | -$0.35 |
10-Year | 2.042% | -0.018 |
T-Bond | 157.90625 | +0.5625 |
Dow | 16272.01 | -0.08% |
Nasdaq | 4627.08 | +0.15% |
S&P | 1923.82 | +0.20% |
The Metals:
Gold dropped $4.50 to $1111.50 in Asia before it bounced back to $1117.96 in midmorning New York trade, but it then drifted back lower into the close and ended with a loss of 0.15%. Silver slipped to as low as $14.476 and ended with a gain of 0.14%.
Euro gold fell to about €996, platinum lost $6 to $901, and copper fell 4 cents to about $2.30.
Gold and silver equities saw about 2% gains at the open, but they then fell back off for most of the rest of trade and ended with about 2% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 9/26 | 277K | 270K | 267K |
ISM Index | Sep | 50.2 | 50.6 | 51.1 |
Construction Spending | Aug | 0.7% | 0.5% | 0.4% |
Tomorrow brings September’s jobs data and Factory Orders for August.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil saw slight losses along with the U.S. dollar index and treasuries rose as the Dow, Nasdaq, and S&P traded mostly lower ahead of tomorrow’s jobs data.
Among the big names making news in the market today were VW, Fiat Chrysler, GM, Verisk, SocGen, and Glencore.
GATA Posts:
Dave Kranzler: Gold manipulation and conflict gold
Financial Times notices that central banks are taking over the world
Silver coin shortage shows bright side of precious metal collapse
Bron Suchecki: Blame the carpenter or the tool?
The Statistics:
As of close of business: 9/30/2015
Gold Warehouse Stocks: | 6,850,580.604 | -1,899.005 |
Silver Warehouse Stocks: | 164,252,690.041 | -761,274.30 |
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 | 687.417 | 22,101,141 | US$24,722m |
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$4,960m |
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$5,476m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$400m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 27.80 | 893,937 | US$999m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 3.277 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 160.65: +1.35 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,907.38: -74.19 change from yesterday’s data.
The Miners:
Pretivm’s (PVG) new director, Silver Standard’s (SSRI) agreement with Golden Arrow Resources, and Hecla’s (HL) credit agreement with Dolly Varden Silver Corporation were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Endeavour Silver | EXK +4.52% $1.62 |
2. Buenaventura | BVN +2.18% $6.09 |
3. Nevsun | NSU +2.07% $2.96 |
LOSERS
1. Silver Standard | SSRI -5.67% $6.15 |
2. DRDGOLD | DRD -5.37% $1.41 |
3. Eldorado | EGO -5.28% $3.05 |
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
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
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.
| Digg This Article
-- Published: Thursday, 1 October 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Mixed
