-- Published: Wednesday, 14 September 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1322.60 | +$4.60 |
Silver | $18.98 | +$0.11 |
XAU | 92.28 | +0.05% |
HUI | 229.53 | +0.26% |
GDM | 724.04 | -0.10% |
JSE Gold | 2198.04 | -30.81 |
USD | 95.33 | -0.25 |
Euro | 112.53 | +0.36 |
Yen | 97.67 | +0.16 |
Oil | $43.58 | -$1.32 |
10-Year | 1.689% | -0.045 |
T-Bond | 167.21875 | +0.40625 |
Dow | 18034.77 | -0.18% |
Nasdaq | 5173.77 | +0.36% |
S&P | 2125.77 | -0.06% |
The Metals:
Gold gained $7.51 to $1325.51 by late morning in New York before it chopped back lower in early afternoon trade, but it still ended with a gain of 0.35%. Silver climbed to as high as $19.118 and ended with a gain of 0.58%.
Euro gold rose to about €1176, platinum gained $2 to $1033, and copper climbed 5 cents to about $2.15.
Gold and silver equities rose about 2% in the first 45 minutes of the day before they fell to see slight losses in early afternoon trade, but they then edged back higher into the close and ended near unchanged.
The Economy:
Report | For | Reading | Expected | Previous |
Export Prices | Aug | -0.8% | - | 0.2% |
Export Prices ex-ag. | Aug | -0.4% | - | 0.2% |
Import Prices | Aug | -0.2% | - | 0.1% |
Import Prices ex-oil | Aug | 0.0% | - | 0.3% |
6 years in, the economic recovery finally reaches middle-class Americans MarketWatch
Tomorrow brings Initial Jobless Claims, Retail Sales, PPI, the Philadelphia Fed, the Current Account Balance, Empire Manufacturing, Industrial Production, Capacity Utilization, and Business Inventories.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil briefly pared early losses but ultimately ended almost 3% lower after the Energy Information Administration reported that crude inventories fell 600,000 barrels, gasoline inventories rose 600,000 barrels, and distillates rose 4.6 million barrels.
The U.S. dollar index fell and treasuries rose while the Dow, Nasdaq, and S&P held near unchanged on doubts that the fed will raise rates next week.
Among the big names making news in the market today were Ford, UPS, Wells Fargo, and Bayer.
GATA Posts:
GATA's Murphy and Powell interviewed by Lars Schall for Gold Switzerland
Attacks on gold and silver 'more frantic,' Embry tells KWN
Desperation and death beneath South Africa's City of Gold
The Statistics:
As of close of business: 9/13/2016
Gold Warehouse Stocks: | 10,880,707.379 | -98.96 |
Silver Warehouse Stocks: | 166,813,226.351 | +760,861.77 |
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 | 935.489 | 30,076,909 | US$39,748m |
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$5,878m |
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$6,494m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$475m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 38.56 | 1,239,670 | US$1,656m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 4.451 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 225.84: +0.45 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 11,272.98: +41.34 change from yesterday’s data.
The Miners:
Endeavour Mining’s (EDV.TO) discovery at its Ity gold mine in Cote d'Ivoire, Sandstorm’s (SAND) project updates, SEMAFO’s (SMF.TO) resumed development in Burkina Faso, Gold Standard’s (GSV) assay results, SilverCrest’s (SIL.V) drill results, and Endeavour Silver’s (EXK) Agreement with Silver Standard Resources (SSRI) to acquire a 100% interest in Silver Standard's Parral properties were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Exeter | XRA +7.76% $1.23 |
2. Great Panther | GPL +3.08% $1.34 |
3. Gold Resource | GORO +2.77% $6.31 |
LOSERS
1. Primero | PPP -4.27% $1.57 |
2. Freeport | FCX -3.45% $9.80 |
3. Eurasian | EMXX -2.83% $1.03 |
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: Wednesday, 14 September 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain While Dollar and Oil Fall
