-- Published: Thursday, 22 October 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1166.30 | -$1.00 |
Silver | $15.84 | +$0.13 |
XAU | 54.88 | +2.31% |
HUI | 131.83 | +2.10% |
GDM | 444.77 | +1.49% |
JSE Gold | 1055.47 | +17.84 |
USD | 96.37 | +1.32 |
Euro | 111.08 | -2.30 |
Yen | 82.83 | +0.44 |
Oil | $45.38 | +$0.18 |
10-Year | 2.025% | -0.005 |
T-Bond | 158.46875 | +0.0625 |
Dow | 17489.16 | +1.87% |
Nasdaq | 4920.04 | +1.65% |
S&P | 2052.51 | +1.66% |
The Metals:
Gold edged up to $1169.35 in London before it fell back to $1163.05 at about 9:30 AM EST and then shot up to $1171.84 in the next hour of trade, but it then drifted back lower into the close and ended with a loss of 0.09%. Silver rose to as high as $15.919 before it also fell back off, but it still ended with a gain of 0.83%.
Euro gold rose to about €1050, platinum gained $7 to $1008, and copper climbed a couple of cents to about $2.38.
Gold and silver equities rose about 2% in the first hour of trade and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 10/17 | 259K | 265K | 256K |
FHFA Housing Price Index | Aug | 0.3% | - | 0.5% |
Existing Home Sales | Sep | 5.55M | 5.39M | 5.30M |
Leading Indicators | Sep | -0.2% | -0.1% | 0.0% |
There are no major economic reports due out tomorrow.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ended with a slight gain as the market rebounded from yesterday’s inventory driven loss.
The U.S. dollar index shot higher as the euro dropped about 2% “after European Central Bank President Mario Draghi gave a crowd-pleasing performance at his policy address in Malta, leaving investors in little doubt he’s ready to deploy more monetary stimulus to boost the flagging economy.”
Treasuries held near unchanged while the Dow, Nasdaq, and S&P rose over 1.5% on expectations for more quantitative easing from the ECB.
Among the big names making news in the market today were GM, Caterpillar, Credit Suisse, AmEx, Valeant, and CIT.
GATA Posts:
Government-owned Chinese bank joins London gold price auction
Future of London gold market is up for grabs
The Statistics:
As of close of business: 10/21/2015
Gold Warehouse Stocks: | 6,704,069.559 | - |
Silver Warehouse Stocks: | 162,371,034.841 | -91,830.18 |
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 | 697.322 | 22,419,597 | US$26,157m |
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$5,181m |
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$5,733m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$418m |
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: 162.83: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,814.20: No change from yesterday’s data.
The Miners:
Comstock’s (LODE) third quarter results and Freeport’s (FCX) third quarter results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Seabridge | SA +8.33% $7.93 |
2. Kinross | KGC +7.14% $2.25 |
3. IAMGOLD | IAG +5.21% $2.02 |
LOSERS
1. B2Gold | BTG -5.56% $1.19 |
2. Alamos | AGI -3.19% $4.25 |
3. DRDGOLD | DRD -1.20% $1.64 |
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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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: Thursday, 22 October 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Dips While Silver Rises
