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Gold Seeker Closing Report: Gold and Silver Gain Almost 2%
By: Chris Mullen, Gold-Seeker.com

 -- 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

 

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

© Gold Seeker 2015

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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: Wednesday, 14 October 2015 | E-Mail  | Print  | Source: GoldSeek.com

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