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Gold Seeker Closing Report: Gold and Silver Gain About 1%
By: Chris Mullen, Gold-Seeker.com

 -- Published: Tuesday, 6 October 2015 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1146.80

+$11.10

Silver

$15.80

+$0.18

XAU

53.38

+4.12%

HUI

125.84

+4.30%

GDM

430.03

+3.23%

JSE Gold

1072.81

+62.12

USD

95.42

-0.66

Euro

112.73

+0.83

Yen

83.18

+0.15

Oil

$48.53

+$2.27

10-Year

2.035%

-0.021

T-Bond

157.62625

+0.40625

Dow

16790.19

+0.08%

Nasdaq

4748.36

-0.69%

S&P

1979.92

-0.36%

 
 

 

The Metals:

 

Gold gained $15.43 to $1151.13 by late morning in New York before it drifted back lower into the close, but it still ended with a gain of 0.98%.  Silver surged to as high as $16.089 and ended with a gain of 1.15%.

 

Euro gold rose to about €1017, platinum gained $19 to $932, and copper remained at about $2.36.

 

Gold and silver equities rose about 4% by midmorning and remained near that level for the rest of the day.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Trade Balance

Aug

-$48.3B

-$44.5B

-$41.8B

 

Trans-Pacific Currency Deal Puts Yellen's Fed in the Spotlight  Bloomberg

IMF Cuts Global Outlook as Commodity Slump Hits Emerging Markets  Bloomberg

 

Tomorrow brings Consumer Credit for August expected at $19.5 billion.

 

The Markets:

 

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

 

Oil gained almost 5%, the U.S. dollar index fell notably, and treasuries rose as the Dow, Nasdaq, and S&P traded mixed on uncertainty about upcoming earnings reports.

 

Among the big names making news in the market today were Suncor, American Apparel, and Citigroup.

 

GATA Posts:

 

 

Treasury auction sees U.S. join 0% club

 

The Statistics:

As of close of business: 10/5/2015

Gold Warehouse Stocks:

6,841,840.623

-4,441.71

Silver Warehouse Stocks:

163,156,258.455

-433,034.53

 

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

688.983

22,151,494

US$25,417m

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$5,102m

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$5,636m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$412m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

27.80

893,937

US$999m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 0.221 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 160.62: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,903.21: No change from yesterday’s data.

 

The Miners:

 

Timmins Gold’s (TGD) leadership change, Freeport’s (FCX) new board structure, and B2Gold’s (BTG) mine closure were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Primero

PPP +11.46% $2.82

2.  Yamana

AUY +9.14% $2.15

3.  Seabridge

SA +8.37% $6.86

 

LOSERS

1.  Sandstorm

SAND-1.69% $2.90

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

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 -- Published: Tuesday, 6 October 2015 | E-Mail  | Print  | Source: GoldSeek.com

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