-- Published: Thursday, 8 October 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1139.90 | -$5.70 |
Silver | $15.70 | -$0.32 |
XAU | 53.65 | -0.59% |
HUI | 125.55 | -0.55% |
GDM | 427.73 | -1.14% |
JSE Gold | 1049.33 | +23.17 |
USD | 95.31 | -0.23 |
Euro | 112.72 | +0.35 |
Yen | 83.39 | +0.07 |
Oil | $49.43 | +$1.62 |
10-Year | 2.108% | +0.046 |
T-Bond | 156.3125 | -1.34375 |
Dow | 17050.75 | +0.82% |
Nasdaq | 4810.78 | +0.41% |
S&P | 2013.43 | +0.88% |
The Metals:
Gold fell $8.21 to $1137.39 at about 8:30AM EST before it jumped up to $1151.27 after the release of today’s fed minutes, but it then fell back off into the close and ended with a loss of 0.5%. Silver slipped to as low as $15.402 before it also climbed back higher at times, but it still ended with a loss of 2%.
Euro gold fell to about €1011, platinum gained $4 to $947, and copper fell a couple of cents to about $2.35.
Gold and silver equities traded mixed and ended slightly lower.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 10/03 | 263K | 275K | 276K |
Fed awaiting evidence global chill not knocking U.S. off track: minutes Reuters
Consumer Comfort in U.S. Climbs to Highest Level Since April Bloomberg
Tomorrow brings Export and Import Prices and Wholesale Inventories.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose over 3% as the U.S. dollar index dropped after the release of today’s fed minutes did not increase expectations for an interest rate hike from the fed.
Treasuries fell as the Dow, Nasdaq, and S&P rose on dovish fed minutes.
Among the big names making news in the market today were GM, Fiat Chrysler, Uber, Pimco, Credit Suisse, HSBC, and Dell.
GATA Posts:
Bron Suchecki: OCC precious metal derivatives fat finger
Alasdair Macleod: China and the dollar
The Statistics:
As of close of business: 10/7/2015
Gold Warehouse Stocks: | 6,678,556.683 | -161,484.41 |
Silver Warehouse Stocks: | 163,144,484.834 | +80,120.549 |
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 | 687.196 | 22,094,038 | US$25,185m |
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$5,083m |
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$5,615m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$410m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 27.80 | 893,937 | US$999m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.787 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 160.62: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,802.33: -53.41 change from yesterday’s data.
The Miners:
Pretivm’s (PVG) drill results, Freeport’s (FCX) productive discussions in Indonesia, Northern Dynasty’s (NAK) plans to acquire Mission Gold, Centamin’s (CEE.TO) third quarter production results, Endeavour Silver’s (EXK) third quarter silver and gold production, and Tahoe’s (TAHO) dividend were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Yamana | AUY +4.95% $2.33 |
2. AngloGold | AU +3.54% $9.06 |
3. Freeport | FCX +3.46% $13.46 |
LOSERS
1. Silver Standard | SSRI -7.61% $6.92 |
2. IAMGOLD | IAG -5.61% $1.85 |
3. MAG Silver | MVG -5.39% $7.55 |
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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-- Published: Thursday, 8 October 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall with Bonds and the Dollar
