-- Published: Thursday, 29 October 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1145.80 | -$11.00 |
Silver | $15.60 | -$0.39 |
XAU | 52.24 | -3.42% |
HUI | 125.50 | -3.69% |
GDM | 420.79 | -4.37% |
JSE Gold | 1064.68 | -52.31 |
USD | 97.28 | -0.37 |
Euro | 109.80 | +0.62 |
Yen | 82.59 | -0.04 |
Oil | $46.06 | +$0.12 |
10-Year | 2.173% | +0.081 |
T-Bond | 155.90625 | -2.21875 |
Dow | 17755.80 | -0.13% |
Nasdaq | 5074.27 | -0.42% |
S&P | 2089.41 | -0.04% |
The Metals:
Gold edged up to $1162.69 in Asia, but it then drifted back lower in London and New York and ended with a loss of 0.95%. Silver slipped to as low as $15.559 and ended with a loss of 2.44%.
Euro gold fell to about €1044, platinum lost $10 to $988, and copper fell 5 cents to about $2.32.
Gold and silver equities fell about 4% by midafternoon and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
GDP | Q3 | 1.5% | 1.6% | 3.9% |
Chain Deflator | Q3 | 1.2% | 1.3% | 2.1% |
Initial Claims | 10/24 | 260K | 264K | 259K |
Pending Home Sales | Sep | -2.3% | 0.6% | -1.4% |
Tomorrow brings Personal Income and Spending, Core PCE Prices, the Employment Cost Index, Chicago PMI, and Michigan Sentiment.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil traded mixed and the U.S. dollar index fell along with treasuries and the Dow, Nasdaq, and S&P on mixed economic data and earnings reports.
Among the big names making news in the market today were Conoco, Ally Financial, Virgin America, Time Warner Cable, PetroChina, Sinopec, MasterCard, Danske Bank, Bombardier, Marathon Oil, and MGM Resorts.
GATA Posts:
Austrian central bank won't answer questions about its exec's remark on gold intervention
The Statistics:
As of close of business: 10/28/2015
Gold Warehouse Stocks: | 6,700,779.364 | -2,989.95 |
Silver Warehouse Stocks: | 162,098,555.728 | -326,342.53 |
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 | 694.344 | 22,323,855 | US$25,633m |
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$5,105m |
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$5,636m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$412m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 27.80 | 893,937 | US$999m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.191 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 161.99: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,814.20: No change from yesterday’s data.
The Miners:
Goldcorp’s (GG) third quarter results, Lake Shore’s (LSG) third quarter results, and Northern Dynasty’s (NAK) completed acquisition of Cannon Point were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Paramount | PZG +5.36% $1.18 |
2. Newmont | NEM +3.86% $19.89 |
3. Barrick | ABX +1.69% $7.82 |
LOSERS
1. New Gold | NGD-10.62% $2.44 |
2. Goldcorp | GG -10.31% $13.14 |
3. First Majestic | AG -7.88% $3.39 |
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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-- Published: Thursday, 29 October 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall About 1% and 2%
