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Gold Seeker Closing Report: Gold and Silver Fall With Bonds and Oil
By: Chris Mullen, Gold-Seeker.com

 -- Published: Monday, 19 October 2015 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1170.20

-$5.00

Silver

$15.83

-$0.18

XAU

53.55

-4.41%

HUI

128.70

-4.04%

GDM

436.12

-4.06%

JSE Gold

1074.42

-51.79

USD

94.94

+0.25

Euro

113.25

-0.33

Yen

83.68

-0.03

Oil

$45.89

-$1.37

10-Year

2.028%

+0.005

T-Bond

158.34375

-0.59375

Dow

17230.54

+0.08%

Nasdaq

4905.47

+0.38%

S&P

2033.66

+0.03%

 
 

 

The Metals:

 

Gold popped up to $1177.24 at about 9AM EST before it dropped back down to $1169.36 in the next couple of hours of trade and then bounced back higher into early afternoon, but it then drifted back lower again in the last hour of trade and ended with a loss of 0.43%.  Silver slipped to as low as $15.761 and ended with a loss of 1.12%.

 

Euro gold fell to about €1033, platinum lost $6 to $1009, and copper fell 4 cents to about $2.37.

 

Gold and silver equities saw slight gains about a half hour into trade, but they then fell back off for most of the rest of the day and ended with over 4% losses

 

The Economy:

 

Report

For

Reading

Expected

Previous

NAHB Housing Market Index

Oct

64

62

61

 

China's Selling Tons of U.S. Debt. Americans Couldn't Care Less. Bloomberg

Deutsche Bank: If the Fed Kneecaps U.S. Credit Growth, Get Ready for Twist 2.0 Bloomberg

 

Tomorrow brings Building Permits and Housing Starts.

 

The Markets:

 

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

 

Oil fell almost 3% on “slower growth in China and signs that Iranian oil will return to the market soon following implementation of its nuclear deal.”

 

The U.S. dollar index rose as the euro fell ahead of the week’s ECB meeting.

 

Treasuries fell as the Dow, Nasdaq, and S&P edged higher in mixed trade on hopes for better earnings reports later this week.

 

Among the big names making news in the market today were Valeant, Halliburton, Google, Suncor, Morgan Stanley, and Weight Watchers.

 

GATA Posts:

 

 

Tough liquidity rules could push more banks out of gold, LBMA says

Will critical questions be raised about central banks at LBMA conference?

Sinclair takes seminar on the road again, this time with Holter and Hoffman

Bron Suchecki: Gold, silver manipulation study lacked enough data

 

The Statistics:

As of close of business: 10/18/2015

Gold Warehouse Stocks:

6,704,069.559

-

Silver Warehouse Stocks:

163,205,853.981

+207,239.89

 

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

693.748

22,304,699

US$26,211m

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$5,201m

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$5,750m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$420m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

27.80

893,937

US$999m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 6.254 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:

 

Banro’s (BAA) award, Claude’s (CRJ.TO) drill results, Comstock’s (LODE) public offering, Barrick’s (ABX) suspended operations in Papua New Guinea, and Aurcana’s (AUN.V) third quarter production results were among the big stories in the gold and silver mining industry making headlines today.

 

No “winners” today.

LOSERS

1.  Hecla

HL -8.70% $2.31

2.  First Majestic

AG -7.88% $3.74

3.  IAMGOLD

IAG -7.80% $1.89

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: Monday, 19 October 2015 | E-Mail  | Print  | Source: GoldSeek.com

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