-- Published: Wednesday, 14 October 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1187.90 | +$19.80 |
Silver | $16.16 | +$0.26 |
XAU | 57.20 | +5.83% |
HUI | 137.55 | +6.56% |
GDM | 460.71 | +5.65% |
JSE Gold | 1123.81 | +5.23 |
USD | 93.93 | -0.81 |
Euro | 114.74 | +0.92 |
Yen | 84.19 | +0.69 |
Oil | $46.64 | -$0.02 |
10-Year | 1.981% | -0.074 |
T-Bond | 159.5625 | +1.71875 |
Dow | 16924.75 | -0.92% |
Nasdaq | 4782.85 | -0.29% |
S&P | 1994.24 | -0.47% |
The Metals:
Gold gained $7.79 to $1175.89 in late Asian trade before it fell back to $1163.49 in London, but it then rose to as high as $1189.80 in New York and ended with a gain of 1.7%. Silver surged to as high as $16.197 and ended with a gain of 1.64%.
Euro gold rose to about €1034, platinum gained $11 to $997, and copper climbed a few cents to about $2.42.
Gold and silver equities climbed steadily higher throughout most of the day and ended with about 6% gains.
The Economy:
Report | For | Reading | Expected | Previous |
Retail Sales | Sep | 0.1% | 0.2% | 0.0% |
Retail Sales ex-auto | Sep | -0.3% | -0.1% | -0.1% |
PPI | Sep | -0.5% | -0.3% | 0.0% |
Core PPI | Sep | -0.3% | 0.1% | 0.3% |
Business Inventories | Aug | 0.0% | 0.1% | 0.0% |
Economy in U.S. Expanded Modestly Since Mid-August, Fed Says Bloomberg
U.S. mortgage applications tumble after rule change Reuters
Tomorrow brings Initial Jobless Claims, CPI, Empire Manufacturing, the Philadelphia Fed, and the Treasury Budget.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ended barely lower, the U.S. dollar index fell rather notably, and treasuries saw significant gains on more poor economic data that reduced expectations for an interest rate hike from the fed anytime soon.
The Dow, Nasdaq, and S&P fell in afternoon trade and ended with almost 1% losses on mostly worse than expected earnings reports.
Among the big names making news in the market today were JPMorgan, Wal-Mart, Wells Fargo, Twitter, Jarden, BofA, and VW.
GATA Posts:
China poised to issue sovereign debt in renminbi in London
Dave Kranzler: London pounds gold again despite lack of market-influencing news
The Statistics:
As of close of business: 10/13/2015
Gold Warehouse Stocks: | 6,704,069.559 | +32,150.00 |
Silver Warehouse Stocks: | 163,002,131.291 | +432,015.472 |
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$25,932m |
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$5,228m |
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$5,785m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$426m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 27.80 | 893,937 | US$999m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 161.75: +1.13 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,802.33: No change from yesterday’s data.
The Miners:
Lake Shore’s (LSG) third quarter production results, Barrick’s (ABX) tender offer, Randgold’s (GOLD) reserves, Great Panther’s (GPL) third quarter production results, First Majestic’s (AG) third quarter production results, and Fresnillo’s (FRES.LN) possible cuts to next year’s capex were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. B2Gold | BTG +12.7% $1.42 |
2. Goldcorp | GG +9.9% $15.54 |
3. Pan American | PAAS +9.88% $8.34 |
No “losers” today.
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: Wednesday, 14 October 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Almost 2%
