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Gold Seeker Closing Report: Gold and Silver Waffle Near Unchanged on Fed Commentary
By: Chris Mullen,

 -- Published: Monday, 12 September 2016 | Print  | Disqus 



















JSE Gold
































The Metals:


Gold edged up to $1330.17 in Asia before it fell back to $1320.94 in early afternoon New York trade and then bounced back higher in the next couple of hours, but it still ended with a loss of 0.14%.  Silver slipped to as low as $18.714 before it climbed up to $19.172 and then chopped back lower, but it still ended with a gain of 0.31%.


Euro gold fell to about €1181, platinum lost $7 to $1051, and copper climbed a penny to about $2.10.


Gold and silver equities rose roughly 2% by midmorning before they fell back to about unchanged by midday, but they then climbed back higher in afternoon trade and ended almost 4% higher on the day.


The Economy:


Fed’s Brainard calls for ‘prudence’ in interest-rate policy  MarketWatch

Fed's Lockhart: 'Serious discussion' over rate rise warranted Reuters

Fed's Kashkari sees no urgency to raise interest rates MarketWatch


Tomorrow brings the Treasury Budget.


The Markets:


Charts Courtesy of


Oil rose almost 1% as the U.S. dollar index fell after the fed’s Brainard warned against a rush to raise interest rates.


Treasuries traded mixed as the Dow, Nasdaq, and S&P bounced back from last Friday’s significant losses.


Among the big names making news in the market today were HP, Potash Corp. and Agrium, and OpenText.


GATA Posts:



Inside the Bank of England's vaults: Can cash survive?


The Statistics:

As of close of business: 9/9/2016

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: Change in Total Tonnes from yesterday’s data: SPDR subtracted 10.684 tonnes.


COMEX Gold Trust (IAU) Total Tonnes in Trust: 225.39: No change from yesterday’s data.


Silver Trust (SLV) Total Tonnes in Trust: 11,281.84: No change from yesterday’s data.


The Miners:


Barrick’s (ABX) partnership with Cisco, Nevsun (NSU) dividend reinvestment plan, Richmont’s (RIC) guidance revision, Alamos Gold’s (AGI) increase in mineral resources, and Gold Fields’ (GFI) fatal accident at South Deep were among the big stories in the gold and silver mining industry making headlines today.




IAG +13.04% $4.42

2.  Alamos Gold

AGI +11.42% $8.78

3.  Gold Resource

GORO +11.03% $6.44



1.  Gold Standard

GSV -1.19% $2.49

2.  Coeur

CDE -0.68% $13.20

3.  First Majestic

AG -0.245 $12.28

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 2016

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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