-- Published: Monday, 2 November 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1134.30 | -$7.20 |
Silver | $15.43 | -$0.09 |
XAU | 51.91 | +0.89% |
HUI | 123.97 | +1.03% |
GDM | 415.78 | +0.45% |
JSE Gold | 1039.54 | -4.37 |
USD | 96.89 | -0.09 |
Euro | 110.16 | +0.09 |
Yen | 82.82 | -0.09 |
Oil | $46.14 | -$0.45 |
10-Year | 2.187% | +0.036 |
T-Bond | 155.84375 | -0.59375 |
Dow | 17828.76 | +0.94% |
Nasdaq | 5127.14 | +1.45% |
S&P | 2104.05 | +1.19% |
The Metals:
Gold fell $8.43 to $1133.07 in late morning New York trade before it bounced back higher into early afternoon, but it still ended with a loss of 0.63%. Silver slipped to as low as $15.27 and ended with a loss of 0.58%.
Euro gold fell to about €1030, platinum lost $8 to $974, and copper climbed slightly to about $2.33.
Gold and silver equities waffled near unchanged and ended with modest gains.
The Economy:
Report | For | Reading | Expected | Previous |
ISM Index | Oct | 50.1 | 50.0 | 50.2 |
Construction Spending | Sep | 0.6% | 0.4% | 0.7% |
Here's How Much QE Helped Wall Street Steamroll Main Street Bloomberg
Tomorrow brings Factory Orders for September expected at -0.9%.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell on falling demand from China and rising output from Russia.
The U.S. dollar index dropped as the euro rose after ECB President Mario Draghi suggested further monetary stimulus may not be required.
Treasuries fell as the Dow, Nasdaq, and S&P rose about 1% on decent economic data.
Among the big names making news in the market today were Loews, Shire, Electrolux, Chipotle, Goldman Sachs, and Visa.
GATA Posts:
Even Dennis Gartman openly suspects that the gold market is rigged
The Statistics:
As of close of business: 10/30/2015
Gold Warehouse Stocks: | 6,700,779.364 | - |
Silver Warehouse Stocks: | 162,813,366.514 | +721,927.64 |
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 | 692.260 | 22,256,840 | US$25,416m |
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$5,044m |
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$5,571m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$407m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 27.80 | 893,937 | US$999m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 2.084 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 161.33: -0.66 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,760.81: -22.25 change from yesterday’s data.
The Miners:
NovaGold’s (NG) video series, Eurasian’s (EMXX) sale of its interests in Haiti to joint venture partner Newmont Ventures Limited, Northern Dynasty’s (NAK) agreement to acquire 100% of Mission Gold, Santacruz Silver’s (SCZ.V) exploration agreement, Endeavour Silver’s (EXK) third quarter results, and Excellon’s (EXN.TO) optimization plan were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Paramount | PZG +13.64% $1.25 |
2. Eldorado | EGO +5.14% $3.68 |
3. Richmont | RIC +4.97% $3.17 |
LOSERS
1. Endeavour Silver | EXK -5.45% $1.56 |
2. Buenaventura | BVN -2.03% $6.28 |
3. Fortuna | FSM -1.92% $2.56 |
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: Monday, 2 November 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall While Miners Gain
