-- Published: Thursday, 15 October 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1182.90 | -$5.00 |
Silver | $16.13 | -$0.03 |
XAU | 57.96 | +0.33% |
HUI | 138.44 | -0.46% |
GDM | 467.63 | +0.81% |
JSE Gold | 1126.54 | +2.73 |
USD | 94.43 | +0.50 |
Euro | 113.84 | -0.91 |
Yen | 84.10 | -0.05 |
Oil | $46.38 | -$0.26 |
10-Year | 2.023% | +0.042 |
T-Bond | 158.84375 | -0.75 |
Dow | 17141.75 | +1.28% |
Nasdaq | 4870.09 | +1.82% |
S&P | 2023.86 | +1.49% |
The Metals:
Gold gained $3.25 to $1191.15 by a little before 8:30AM EST before it dropped down to $1174.96 in the next 20 minutes of trade and then rallied back higher for most of the rest of morning New York trade, but it then drifted back lower again in afternoon trade and ended with a loss of 0.42%. Silver slipped to as low as $15.921 and ended with a loss of 0.19%.
Euro gold rose to about €1040, platinum gained $6 to $1003, and copper climbed slightly to about $2.43.
Gold and silver equities waffled near unchanged and ended mixed.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 10/10 | 255K | 269K | 262K |
CPI | Sep | -0.2% | -0.2% | -0.1% |
Core CPI | Sep | 0.2% | 0.1% | 0.1% |
Empire Manufacturing | Oct | -11.4 | -8.0 | -14.7 |
Philadelphia Fed | Oct | -4.5 | -2.5 | -6.0 |
Tomorrow brings Industrial Production, Capacity Utilization, Michigan Sentiment, and Net Long-Term TIC Flows.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil remained lower after the Energy Information Administration reported that crude inventories rose 7.6 million barrels, gasoline inventories fell 2.6 million barrels, and distillates fell 1.5 million barrels.
The U.S. dollar index bounced back from yesterday’s notable losses on today’s Core CPI reading that meets the fed’s inflation goal.
Treasuries fell as the Dow, Nasdaq, and S&P rose over 1% on optimism about financial stocks after Citigroup’s positive earnings report.
Among the big names making news in the market today were VW, AT&T, Citigroup, First Data, and Goldman Sachs.
GATA Posts:
Auditor calls Bank of England regulation bill 'unacceptable'
Euro drops on hopes of more QE after ECB admits missing inflation target
Britain's biggest banks to be forced to separate retail banks from investment arms
Dollar Vigilante's Jeff Berwick interviews GATA Chairman Bill Murphy
If U.S. wants to devalue dollar and debt, gold is the mechanism for it
The Statistics:
As of close of business: 10/14/2015
Gold Warehouse Stocks: | 6,704,069.559 | - |
Silver Warehouse Stocks: | 162,480,094.411 | -522,036.88 |
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 | 694.939 | 22,342,998 | US$26,455m |
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$5,269m |
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$5,819m |
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: Change in Total Tonnes from yesterday’s data: SPDR added 7.743 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 161.75: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,802.33: No change from yesterday’s data.
The Miners:
Alamos Gold’s (AGI) dividend and acquisition of Carlisle Goldfields and Fortuna’s (FSM) third quarter production results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Coeur | CDE +7.05% $3.34 |
2. Fortuna | FSM +5.21% $3.03 |
3. Gold Resource | GORO +4.70% $3.12 |
LOSERS
1. Alamos | AGI -5.22% $4.72 |
2. B2Gold | BTG -4.23% $1.36 |
3. Avino | ASM -3.90% $1.11 |
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, 15 October 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Lower
