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Gold Seeker Closing Report: Gold and Silver Hold Near Unchanged Again, But End With Gains
By: Chris Mullen, Gold-Seeker.com

 -- Published: Tuesday, 27 October 2015 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1166.40

+$2.70

Silver

$15.88

+$0.02

XAU

54.57

+0.07%

HUI

131.98

+0.94%

GDM

442.92

-0.03%

JSE Gold

1102.44

+9.19

USD

96.92

+0.09

Euro

110.49

-0.07

Yen

83.06

+0.46

Oil

$43.20

-$0.78

10-Year

2.028%

-0.030

T-Bond

158.4375

+0.40625

Dow

17581.43

-0.24%

Nasdaq

5030.14

-0.09%

S&P

2065.89

-0.26%

 
 

 

The Metals:

 

Gold bumped up to $1168.23 by a little after 8AM EST before it fell back to $1161.28 in the next 45 minutes of trade, but it then bounced back higher into late morning and ended with a gain of 0.23%.  Silver slipped to $15.793 before it rallied back to $15.949 and then fell back off into the close, but it still ended with a gain of 0.13%.

 

Euro gold rose to about €1056, platinum lost $9 to $984, and copper climbed slightly to about $2.37.

 

Gold and silver equities waffled near unchanged and ended mostly higher.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Durable Goods

Sep

-1.2%

-1.3%

-3.0%

Durable Goods -ex trans.

Sep

-0.4%

0.2%

-0.9%

Case-Shiller 20-city Index

Aug

5.1%

5.0%

4.9%

Consumer Confidence

Oct

97.6

102.5

102.6

 

Yellen Has Over 6 Million Reasons to Take Her Time Raising Rates Bloomberg

 

Tomorrow brings a FOMC Rate Decision.

 

The Markets:

 

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

 

Oil fell almost 2% ahead of tomorrow’s inventory data “after the U.S. government announced plans to sell millions of barrels of oil from its Strategic Petroleum Reserve.”

 

The U.S. dollar index edged higher along with treasuries ahead of tomorrow’s fed meeting.

 

The Dow, Nasdaq, and S&P fell on mostly disappointing earnings results.

 

Among the big names making news in the market today were GM, Cummins, Daewoo, Pfizer, BP, Ford, and Comcast.

 

GATA Posts:

 

 

Banks that run credit-default swaps market suspect their own corruption

Ex-Goldman banker and Fed employee will plead guilty in document leak

 

 

The Statistics:

As of close of business: 10/26/2015

Gold Warehouse Stocks:

6,703,769.314

-300.245

Silver Warehouse Stocks:

162,001,741.808

-461,791.44

 

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

695.535

22,362,151

US$26,060m

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$5,180m

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$5,724m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$419m

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:

 

Paramount’s (PZG) new Preliminary Economic Assessment, Gold Resource’s (GORO) dividend, Sandstorm’s (SAND) production stream agreements with Yamana Gold (AUY), McEwen’s (MUX) third quarter production results, and Mines Management’s (MGN) compliance were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Yamana

AUY +3.75% $2.49

2.  Silver Standard

SSRI +3.25% $7.63

3.  Gold Fields

GFI +1.80% $2.83

 

LOSERS

1.  Sandstorm

SAND-10.67% $2.68

2.  Turquoise

TRQ -5.03% $2.83

3.  Gold Resource

GORO -5.00% $2.66

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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 -- Published: Tuesday, 27 October 2015 | E-Mail  | Print  | Source: GoldSeek.com

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