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Gold Seeker Closing Report: Gold and Silver End Mixed After Fed Statement
By: Chris Mullen,

 -- Published: Wednesday, 28 October 2015 | Print  | Disqus 



















JSE Gold
































The Metals:


Gold climbed $16.57 to $1182.97 by a little after 10AM EST before it fell to as low as $1152.30 after the release of today’s fed statement, but it then edged back higher in the last 75 minutes of trade and ended with a loss of just 0.82%.  Silver climbed up to $16.356 before it dropped back to $15.72, but it then rallied back higher in late trade and ended with a gain of 0.69%.


Euro gold rose to about €1059, platinum gained $14 to $998, and copper remained at about $2.37.


Gold and silver equities ended with about 1% losses in mixed trade.


The Economy:


Fed circles December for possible rate hike MarketWatch

Fed keeps rates unchanged, sets up possible December hike Reuters

Federal Open Market Committee Oct. 28 Statement: Text Bloomberg

Mortgage applications down 3.5% on fewer rate swings CNBC

U.S. third-quarter GDP forecasts raised after trade data Reuters


Tomorrow brings Initial Jobless Claims, GDP, and Pending Home Sales.


The Markets:


Charts Courtesy of


Oil rose over 6% “as increasing U.S. refinery activity signaled the end of seasonal maintenance and higher crude demand.”


The U.S. dollar index jumped higher and treasuries fell after today’s fed statement raised market expectations for a possible interest rate by the fed in December.


The Dow, Nasdaq, and S&P initially erased their early gains in reaction to today’s fed statement, but they then rallied back higher into the close and ended over 1% higher on strength in the banking and energy sectors.


Among the big names making news in the market today were VW, AIG, Starwood Hotels, Cnooc, Occidental, IBM, Hershey, Walgreens, and Twitter.


GATA Posts:



China's gold imports from Hong Kong jump to 10-month high


The Statistics:

As of close of business: 10/27/2015

Gold Warehouse Stocks:



Silver Warehouse Stocks:




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




London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities




London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold




Australian Stock Exchange (ASX)

Gold Bullion Securities




Johannesburg Securities Exchange (JSE)

New Gold Debentures




Note: No change in Total Tonnes from yesterday’s data.


COMEX Gold Trust (IAU) Total Tonnes in Trust: 161.99: -0.84 change from yesterday’s data.


Silver Trust (SLV) Total Tonnes in Trust: 9,814.20: No change from yesterday’s data.


The Miners:


Newmont’s (NEM) new board members, Barrick’s (ABX) final results and settlement of its cash tender offer, Lake Shore’s (LSG) drill results, Richmont’s (RIC) Preliminary Economic Assessment, and Endeavour Silver’s (EXK) revised release date and emergency relief efforts were among the big stories in the gold and silver mining industry making headlines today.



1.  Avino

ASM +2.94% $1.05

2.  Newmont

NEM +2.02% $19.15

3.  Barrick

ABX +1.85% $7.69



1.  Gold Fields

GFI -5.65% $2.67

2.  Kinross

KGC -4.82% $2.17

3.  Paramount

PZG -4.27% $1.12

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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© Gold Seeker 2015

Note: This article may be reproduced provided the article, in full, is used and mention to 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. 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’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, 28 October 2015 | E-Mail  | Print  | Source:

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